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Labor market regulation can have harmful unintended consequences. In many markets, especially for public sector workers, pay is regulated to be the same for individuals across heterogeneous geographical labor markets. We would predict that this will mean labor supply problems and potential falls...
Persistent link: https://www.econbiz.de/10012759552
Using US Census data for 1990-2000, we estimate effects of NAFTA on US wages. We look for effects of the agreement by industry and by geography, measuring each industry's vulnerability to Mexican imports, and each locality's dependance on vulnerable industries. We find evidence of both effects,...
Persistent link: https://www.econbiz.de/10013135881
Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard spatial equilibrium models with perfectly competitive labor and land markets, local job creation efforts are distortionary. We develop a stylized model of frictional local labor...
Persistent link: https://www.econbiz.de/10013087442
local employment and payroll in nontradable industries and in total, while having no effect on employment in tradable …
Persistent link: https://www.econbiz.de/10012868351
's Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions … sharp drop in consumer demand, leading to large employment losses in the non-tradable sector. Consistent with firms …-level employment with respect to house prices in other counties in which the firm has establishments. At the same time, establishments …
Persistent link: https://www.econbiz.de/10012987130
By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data revisions to decompose the variation in the duration of...
Persistent link: https://www.econbiz.de/10012994904
sector and the large decline in employment rates and hours worked among prime-aged Americans since 2000. We use cross …-region variation to explore the link between declining manufacturing employment and labor market outcomes. We find that manufacturing … decline in a local area in the 2000s had large and persistent negative effects on local employment rates, hours worked and …
Persistent link: https://www.econbiz.de/10012922973
We juxtapose the effects of trade and technology on employment in U.S. local labor markets between 1990 and 2007. Labor … employment, particularly in manufacturing and among non-college workers. Labor markets susceptible to computerization due to … nonmanufacturing but no net employment decline. Trade impacts rise in the 2000s as imports accelerate, while the effect of technology …
Persistent link: https://www.econbiz.de/10013035754
-in-differences. We find that a one per thousand increase in infections causes a 2 to 3 percent drop in local employment. Non … that at most half of the job losses in the US and UK can be attributed to lockdowns. We also find that employment losses … recoveries in employment unless COVID-19 infection rates fall …
Persistent link: https://www.econbiz.de/10012832461
To understand the elasticity of employment to local labor demand shocks, we develop a quantitative general equilibrium … local employment elasticities differ substantially across U.S. counties and commuting zones in ways that are not well … around 3.3 percent and employment reallocations from -20 to 30 percent …
Persistent link: https://www.econbiz.de/10013012379