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The Big Shift in Working Arrangements : Eight Ways Unusual

Davis, Steven J. - National Bureau of Economic Research - 2024

The COVID-19 pandemic instigated a big shift in working arrangements. I first describe the scale of this shift in the United States, drawing on the Survey of Working Arrangements and Attitudes and other sources. I then review differences, circa 2023, in work-from-home rates across industries,...

Persistent link: https://www.econbiz.de/10014528401

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023

We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … efficient separations that holds in leading theories of job separations, frictional unemployment, and job ladders. We draw on …

Persistent link: https://www.econbiz.de/10014337762

The Evolution of Work from Home

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - National Bureau of Economic Research - 2023

Full days worked at home account for 28 percent of paid workdays among Americans 20-64 years old, as of mid 2023, according to the Survey of Working Arrangements and Attitudes. That's about four times the 2019 rate and ten times the rate in the mid-1990s that we estimate in time-use data. We...

Persistent link: https://www.econbiz.de/10014372443

Stock Prices, Lockdowns, and Economic Activity in the Time of Coronavirus

Davis, Steven J.; Liu, Dingqian; Sheng, Xuguang - National Bureau of Economic Research - 2021

Stock prices and workplace mobility trace out striking clockwise paths in daily data from mid-February to late May 2020 …. Global stock prices fell 30 percent from 17 February to 12 March, before mobility declined. Over the next 11 days, stocks … fell another 10 percentage points as mobility dropped 40 percent. From 23 March to 9 April, stocks recovered half their …

Persistent link: https://www.econbiz.de/10012482538

Wage-Setting Institutions as Industrial Policy

Davis, Steven J. - 2000

Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...

Persistent link: https://www.econbiz.de/10012471274

The Quality Distribution of Jobs and the Structure of Wages in Search Equilibrium

Davis, Steven J. - 2001

When match formation is costly and wage determination is decentralized, privately optimal investments in job and worker quality diverge from socially efficient outcomes. To explore this issue, I consider search equilibrium environments with endogenous quality distributions for jobs and workers....

Persistent link: https://www.econbiz.de/10012470285

Employer Size and The Wage Structure in U.S. Manufacturing

Davis, Steven J. - 1995

We study how the hourly wage structure varies with establishment size and how wage dispersion breaks down into between-plant and within-plant components Our study combines household and establishment data for the U.S. manufacturing sector in 1982. 1) Wage dispersion falls sharply with...

Persistent link: https://www.econbiz.de/10012473474

Relative Wage Movements and the Distribution of Consumption

Attanasio, Orazio - 1994

We analyze how relative wage movements across birth cohorts and education groups during the 1980s affected the distribution of household consumption. The analysis integrates the labor economics literature on time variation in the wage structure with the consumption insurance literature. In...

Persistent link: https://www.econbiz.de/10012474148

Cross-Country Patterns of Change in Relative Wages

Davis, Steven J. - 1992

This paper investigates movements in relative wages and wage inequality across thirteen of the world's major economies. Focusing on wages received by full-time male workers, the investigation uncovers several empirical regularities: (1) Most advanced industrialized economies show increases,...

Persistent link: https://www.econbiz.de/10012474890

Business Volatility, Job Destruction, and Unemployment

Davis, Steven J. - 2008

Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …

Persistent link: https://www.econbiz.de/10012464347