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The Impacts of Covid-19 Illnesses on Workers

Goda, Gopi Shah; Soltas, Evan J. - National Bureau of Economic Research - 2022

We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...

Persistent link: https://www.econbiz.de/10013388791

Labor Market Externalities of Pre-retirement Employment Protection

Chrostek, Paweł; Karbownik, Krzysztof; Myck, Michał - National Bureau of Economic Research - 2024

Using population-level administrative data, we study labor market externalities stemming from age-specific employment protection legislation (EPL) targeted towards older workers. Our results show no economically meaningful overall effects of the EPL on employment or earnings of either men or...

Persistent link: https://www.econbiz.de/10014528410

Skill Heterogeneity and Aggregate Labor Market Dynamics

Grigsby, John R. - National Bureau of Economic Research - 2022

This paper studies aggregate labor market dynamics when workers have heterogeneous skills for tasks which are subject to non-uniform labor demand shocks. When workers have different skills, movements in aggregate wages partly reflect a reallocation of different workers across tasks and into...

Persistent link: https://www.econbiz.de/10013210080

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Asset Prices and Unemployment Fluctuations : A Resolution of the Unemployment Volatility Puzzle

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - National Bureau of Economic Research - 2022

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …

Persistent link: https://www.econbiz.de/10012938763

The Role of Childcare Challenges in the US Jobs Market Recovery During the COVID-19 Pandemic

Furman, Jason; Kearney, Melissa Schettini; Powell, Wilson - National Bureau of Economic Research - 2021

We examine how much of the overall decline in employment between the beginning of 2020 and 2021 can be explained by excess job loss among parents of young children, and mothers specifically. Using data from the Current Population Survey (CPS), we confirm that, in general, mothers with young...

Persistent link: https://www.econbiz.de/10012585418

Work Incentive Effects of Taxing Unemployment Benefits

Solon, Gary - 1984

Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for … presents persuasive evidence of a tax effect on unemployment duration. The 1979 policy change is estimated to have reduced …

Persistent link: https://www.econbiz.de/10012477837

The Added-Worker Effect : A Reappraisal

Lundberg, Shelly J. - 1981

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …

Persistent link: https://www.econbiz.de/10012478409

Does Labor Supply Matter During a Recession? Evidence from the Seasonal Cycle

Mulligan, Casey B. - 2010

Every year has large demand and supply shifts associated with the seasons, regardless of the phase of the business cycle. Based on measures dating back to the 1940s, the seasonal shifts reject the hypotheses that demand shifts affect employment outcomes significantly more in recession years than...

Persistent link: https://www.econbiz.de/10012462299

A Patchwork Safety Net : A Survey of Cliometric Studies of Income Maintenance Programs in the United States in the First Half of the Twentieth Century

Fishback, Price V. - 2010

Social welfare programs in the United States are designed to serve as safety nets for people in hard times, in contrast with the universal approach found in many other developed western nations. In a survey of Cliometric studies of social welfare programs in the U.S., we examine the variation in...

Persistent link: https://www.econbiz.de/10012462956