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The Role of Labor Market Changes in the Slowdown of European Productivity Growth
Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2008
slowdown was largely offset by faster growth in employment per capita, leaving little difference in growth of output per capita … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … between productivity and employment growth, and we show that there is a robust negative correlation between productivity and …
Persistent link: https://www.econbiz.de/10005777505
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Making Do With Less: Working Harder During Recessions
Lazear, Edward; Shaw, Kathryn L.; Stanton, Christopher - National Bureau of Economic Research (NBER) - 2013
There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
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A Bound on Risk Aversion Using Labor Supply Elasticities
Chetty, Raj - National Bureau of Economic Research (NBER) - 2006
This paper shows that existing evidence on labor supply behavior places an upper bound on risk aversion in the expected utility model. I derive a formula for the coefficient of relative risk aversion (g) in terms of (1) the ratio of the income elasticity of labor supply to the wage elasticity...
Persistent link: https://www.econbiz.de/10005828841
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Inefficient Hiring in Entry-Level Labor Markets
Pallais, Amanda - National Bureau of Economic Research (NBER) - 2013
hiring workers and providing more detailed evaluations substantially improved workers' subsequent employment outcomes. Under …
Persistent link: https://www.econbiz.de/10010822028
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The Entry and Exit of Workers and the Growth of Employment: An Analysis of French Establishments
Abowd, John M.; Kramarz, Francis; Corbel, Patrick - National Bureau of Economic Research (NBER) - 1996
short-term employment contracts are converted to long-term contracts at their termination; (7) most worker flows are … procyclical; (8) employment adjustment occurs primarily through changes in the entry rates (often of short-term contract workers … about three times the size of net employment changes inside the job category. …
Persistent link: https://www.econbiz.de/10005575804
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Skills, Tasks and Technologies: Implications for Employment and Earnings
Acemoglu, Daron; Autor, David - National Bureau of Economic Research (NBER) - 2010
employment in high skill and low skill occupations relative to middle skilled occupations (i.e., job 'polarization'); (4) rapid … for analyzing how recent changes in the earnings and employment distribution in the United States and other advanced …
Persistent link: https://www.econbiz.de/10008614632
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A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio
Gordon, Robert J. - National Bureau of Economic Research (NBER) - 2014
Forecasts for the two or three years after mid-2014 have converged on growth rates of real GDP in the range of 3.0 to 3.5 percent, a major stepwise increase from realized growth of 2.1 percent between mid-2009 and mid-2014. However, these forecasts are based on the demand for goods and services....
Persistent link: https://www.econbiz.de/10010950750
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The Stock Market Crash Really Did Cause the Great Recession
Farmer, Roger E. A. - National Bureau of Economic Research (NBER) - 2013
This paper studies the connection between the stock market and the unemployment rate. I establish three facts. First, the log of the real value of the S&P 500 and the log of a logistic transformation of the unemployment rate are non-stationary cointegrated series. Second, the stock market...
Persistent link: https://www.econbiz.de/10010822027
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Using Social Media to Measure Labor Market Flows
Shapiro, Matthew D.; Antenucci, Dolan; Cafarella, Michael; … - National Bureau of Economic Research (NBER) - 2014
Social media enable promising new approaches to measuring economic activity and analyzing economic behavior at high frequency and in real time using information independent from standard survey and administrative sources. This paper uses data from Twitter to create indexes of job loss, job...
Persistent link: https://www.econbiz.de/10010951238
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Unemployment in Latin America and the Caribbean
Ball, Laurence; Hofstetter, Marc; Roux, Nicolás De - National Bureau of Economic Research (NBER) - 2011
This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government...
Persistent link: https://www.econbiz.de/10009226779