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Revisiting the Hypothesis of High Discounts and High Unemployment

Martellini, Paolo - 2020

We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use a rich search-theoretic model of the labor market in which the UE, EU and EE rates are all endogenous. Analytically, we show that an increase in the discount rate lowers the UE...

Persistent link: https://www.econbiz.de/10012481623

U.S. Robots and their Impacts in the Tropics : Evidence from Colombian Labor Markets

Kugler, Adriana D. - 2020

Previous studies for developed countries show negative short-run impacts of automation on employment and earnings. In this paper, we instead examine whether automation by a key trading partner can hurt workers in a developing country. We specifically focus in Colombia's labor market, and how the...

Persistent link: https://www.econbiz.de/10012482253

Gross Job Creation, Gross Job Destruction and Employment Reallocation

Davis, Steve J. - 1991

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate at which jobs are reallocated across plants. Our...

Persistent link: https://www.econbiz.de/10012475277

Offshoring and Labor Markets

Hummels, David - 2016

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start with the measurement of offshoring, focusing on the use of imported inputs that could have been produced by the importing firm. We overview key theories related to offshoring...

Persistent link: https://www.econbiz.de/10012456633

Wedges, Wages, and Productivity under the Affordable Care Act

Mulligan, Casey B. - 2013

Our paper documents the large labor market wedges created by taxes, subsidies, and regulations included in the Affordable Care Act. The law changes terms of trade in both goods and factor markets for firms offering health insurance coverage. We use a multi-sector (intra-national) trade model to...

Persistent link: https://www.econbiz.de/10012458892

Expecting Floods : Firm Entry, Employment, and Aggregate Implications

Jia, Ruixue; Ma, Xiao; Xie, Victoria Wenxin - National Bureau of Economic Research - 2022

Flood events and flood risk have been increasing in the past few decades and have important consequences for the economy. Using county-level and ZIP-code-level data from the United States during 1998-2018, we document that (1) increased flood risk has a large negative impact on firm entry,...

Persistent link: https://www.econbiz.de/10013334467

Monopsony, Efficiency, and the Regularization of Undocumented Immigrants

Borjas, George J.; Edo, Anthony - National Bureau of Economic Research - 2023

In May 1981, President François Mitterrand regularized the status of undocumented immigrant workers in France. The newly legalized immigrants represented 12 percent of the non-French workforce and about 1 percent of all workers. Employers have monopsony power over undocumented workers because...

Persistent link: https://www.econbiz.de/10014322844

Robots and Jobs : Evidence from US Labor Markets

Acemoglu, Daron - 2017

As robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and 2007 on US local labor markets. Using a model in...

Persistent link: https://www.econbiz.de/10012455396

The Labor Market and Macro Volatility : A Nonstationary General-Equilibrium Analysis

Hall, Robert E. - 2005

replicating the observed levels of volatility of unemployment and other key variables. I take variations in productivity growth … market are essential for understanding the volatility of unemployment. These models include simple equilibrium wage … of the three models match the observed volatility of unemployment …

Persistent link: https://www.econbiz.de/10012466992

The Employment and Output Effects of Short-Time Work in Germany

Cooper, Russell - 2017

We study the employment and output effects of the short-time work (STW) policy in Germany between 2009 and 2010. This …

Persistent link: https://www.econbiz.de/10012454994

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