This paper shows that different labor market policies can lead to differences in technology across sectors in a model … of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are … labor saving, countries with more stringent labor regulation, which are binding for low skilled workers, become less …

explaining the persistent high unemployment that prevailed in interwar Britain. It develops a new measure of sectoral shifts that … aggregate unemployment during the interwar period, even after controlling for a variety of shocks to aggregate demand, and for … roughly one-half of the variation in unemployment, suggesting an important role for sectoral shifts …

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …

An emerging literature argues that changes in the allocation of workplace "tasks" between capital and labor, and … between domestic and foreign workers, has altered the structure of labor demand in industrialized countries and fostered … the canonical production function framework is challenging, however, because the assignment of tasks to labor and capital …

similar effects on wages. Unlike trade, however, immigration can alter the composition of the local population, imposing …

The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory … evidence shows that labor institutions reduce the dispersion of earnings and income inequality, which alters incentives, but … finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the cross …

wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well …-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using … aggregate annual observations from 1953 to 1979, find the evidence for a conventional labor demand curve to be fragile and find …

wages or direct unemployment insurance benefits, occupational licensing would likely influence labor market outcomes when … in influencing labor market outcomes. Adding to or raising the entry barriers are likely easier once an occupation is … requirements that protect existing workers and increase entry costs to new entrants. We analyze the labor market influence of the …

constrained by a trade-off between these two variables as represented by the employer's labor demand function. Our functional form …