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I argue for increased reliance on non-U.S. data and policy evaluations to understand basic labor- market parameters and to predict the effects of changes in U.S. labor-market policies. Foreign experiences generate exogenous shocks to labor costs that create unusual opportunities to measure...
Persistent link: https://www.econbiz.de/10013312473
frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …
Persistent link: https://www.econbiz.de/10013151365
employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the … effects of frictions on steady state employment relative to the simplest matching model, and two common extensions. We also … find that the presence of empirically plausible frictions has virtually no impact on the response of aggregate employment …
Persistent link: https://www.econbiz.de/10013151366
Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the …-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …'s employment record cannot be drawn from aggregate data …
Persistent link: https://www.econbiz.de/10012760182
We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the … firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over … imply that macroeconomic fluctuations can have substantial effects beyond those indicated by net employment changes at the …
Persistent link: https://www.econbiz.de/10013246251
Churn, defined as replacing departing workers with new ones as workers move to more productive uses, is an important feature of labor dynamics. The majority of hiring and separation reflects churn rather than hiring for expansion or separation for contraction. Using the JOLTS data, we show that...
Persistent link: https://www.econbiz.de/10013109441
For an economic system not to exhibit debt neutrality it must be true that changes in the time profile of lump-sum taxes redistributes resources between heterogeneous consumers. OLD models have age heterogeneity because of a positive birth rate. Unless a bequest motive or child-to-parent gift...
Persistent link: https://www.econbiz.de/10013140096
providing generous financial incentives for Income Assistance (IA) recipients to obtain stable employment. This policy is …
Persistent link: https://www.econbiz.de/10013248439
This essay sets out a framework for evaluating empirical work in terms of the ability of the data to provide adequate parameter estimates and hypothesis tests about the true underlying structure. Problems of aggregation, representativeness and structural change are discussed in detail. These...
Persistent link: https://www.econbiz.de/10013244384
Affirmative Action is not only supposed to help move minorities and females into employment, it is also supposed to …. Using disaggregated employment data in a new sample of nearly 10,000 establishments,this study finds that Affirmative Action … was generally successful during the late 1910's in increasing minority employment in skilled white-collar occupations as …
Persistent link: https://www.econbiz.de/10013222645