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Redistribution of Local Labor Market Shocks Through Firms’ Internal Networks

Giroud, Xavier - 2016

Local labor market shocks are difficult to insure against. Using confidential micro data from the U.S. Census Bureau's Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions through their internal networks of...

Persistent link: https://www.econbiz.de/10012987130

What Do Data on Millions of U.S. Workers Reveal About Life-Cycle Earnings Risk?

Guvenen, Fatih - 2015

We study the evolution of individual labor earnings over the life cycle using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10013029023

Technology Shocks and Aggregate Fluctuations : How Well Does the Rbs Model Fit Postwar U.S. Data?

Galí, Jordi; Rabanal, Pau - 2022

Our answer: not so well. We reach that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...

Persistent link: https://www.econbiz.de/10014070135

International Adjustment Under the Classical Gold Standard : Evidence for the U.S. And Britain, 1879-1914

Calomiris, Charles W.; Hubbard, R. Glenn - 2021

Links between disturbances in financial markets and those in real activity have long been the focus of studies of economic fluctuations during the period prior to World War I. We emphasize that domestic autonomy was substantially limited by internationally integrated markets for goods and...

Persistent link: https://www.econbiz.de/10013219714

The Aggregate Implications of Regional Business Cycles

Beraja, Martin - 2016

Making inferences about aggregate business cycles from regional variation alone is diffcult because of economic channels and shocks that differ between regional and aggregate economies. However, we argue that regional business cycles contain valuable information that can help discipline models...

Persistent link: https://www.econbiz.de/10012999463

Methods Versus Substance : Measuring the Effects of Technology Shocks on Hours

Rios-Rull, Jose-Victor - 2018

In this paper, we employ both calibration and modern (Bayesian) estimation methods to assess the role of neutral and … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the … estimation procedures result in technology shocks accounting for 2% to 9% of the variation in hours worked in the data. We infer …

Persistent link: https://www.econbiz.de/10012940704

Identifying Supply and Demand Elasticities of Agricultural Commodities : Implications for the Us Ethanol Mandate

Roberts, Michael J. - 2015

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified using current-period shocks that give rise to...

Persistent link: https://www.econbiz.de/10013038890

Specialization, Market Access and Real Income

Bartelme, Dominick; Lan, Ting; Levchenko, Andrei A. - 2022

This paper estimates the impact of external demand shocks on real income. Our empirical strategy is based on a first order approximation to a wide class of small open economy models that feature sector-level gravity in trade flows. The framework allows us to measure foreign shocks and...

Persistent link: https://www.econbiz.de/10014089821

Economic Shocks and Skill Acquisition : Evidence from a National Online Learning Platform at the Onset of COVID-19

Ganguli, Ina; Haidar, Jamal Ibrahim; Khwaja, Asim Ijaz; … - 2022

We study how large shocks impact individuals’ skilling decisions using data from the largest online learning platform in Saudi Arabia. The onset of the COVID-19 pandemic brought about a massive increase in online skilling, and demand shifted towards courses that offered skills, such as...

Persistent link: https://www.econbiz.de/10013293306

The Impact of Trade on Labor Market Dynamics

Caliendo, Lorenzo - 2015

We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. The model recognizes the role of labor mobility frictions, goods mobility frictions, geographic factors, and...

Persistent link: https://www.econbiz.de/10013022929

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