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Marginal Jobs, Heterogeneous Firms, & Unemployment Flows
Elsby, Michael W. L. - 2008
establishments; b) the amplitude and propagation of cyclical fluctuations in flows between employment and unemployment; c) the … negative comovement of unemployment and vacancies in the form of the Beveridge curve; and d) the dynamics of the distribution …
Persistent link: https://www.econbiz.de/10012464870
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Sectoral Shifts and Unemployment in Interwar Britain
Brainard, S. Lael - 1992
explaining the persistent high unemployment that prevailed in interwar Britain. It develops a new measure of sectoral shifts that … aggregate unemployment during the interwar period, even after controlling for a variety of shocks to aggregate demand, and for … roughly one-half of the variation in unemployment, suggesting an important role for sectoral shifts …
Persistent link: https://www.econbiz.de/10012475002
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Employment, Unemployment and Demand Shifts in Local Labor Markets
Holzer, Harry J. - 1989
This paper analyzes the effects of demand shifts within and between local labor markets on unemployment and employment … large fractions of the observed variation in unemployment and employment rate levels and changes across markets. Within …-area shifts cause much smaller and insignificant amounts of unemployment if they are between-industry, while shifts within areas …
Persistent link: https://www.econbiz.de/10012476198
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FDI in the Restructuring of the Japanese Economy
Blomstrom, Magnus - 2000
This paper examines how inward and outward foreign direct investment (FDI) have influenced the restructuring of the Japanese economy and can be expected to continue to do so in the future. We find that outward investment has helped Japanese firms to sustain foreign market shares and contributed...
Persistent link: https://www.econbiz.de/10012471068
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The Cost of Recessions Revisited : A Reverse-Liquidationist View
Caballero, Ricardo J. - 1999
The observation that liquidations are concentrated in recessions has long been the subject of controversy. One view holds that liquidations are beneficial in that they result in increased restructuring. Another view holds that liquidations are privately inefficient and essentially wasteful. This...
Persistent link: https://www.econbiz.de/10012471429
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Political Economy, Sectoral Shocks, and Border Enforcement
Hanson, Gordon H. - 1999
In this paper, we examine the correlation between sectoral shocks and border enforcement in the United States. Enforcement of national borders is the main policy instrument the U.S. government uses to combat illegal immigration. The motivation for the exercise is to see whether border...
Persistent link: https://www.econbiz.de/10012471469
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Changing Returns to Scale in Manufacturing 1880-1930 : The Rise of (Skilled) Labor?
Lafortune, Jeanne; Lewis, Ethan; Martinez, Jose Pablo; … - National Bureau of Economic Research - 2021
This paper estimates returns to scale for manufacturing industries around the turn of the twentieth century in the United States by exploiting an industry-city panel data for the years 1880-1930. We estimate decreasing returns to scale on average over the period, contrary to most of the existing...
Persistent link: https://www.econbiz.de/10012510512
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Perspectives on Trade and Structural Transformation
Alessandria, George A.; Johnson, Robert C.; Yi, Kei-mu - National Bureau of Economic Research - 2021
This paper surveys macroeconomic and microeconomic perspectives on the role of international trade in structural transformation. We start by describing canonical frameworks that have been used to quantify how trade influences sectoral shares of employment and value added. We then pivot to survey...
Persistent link: https://www.econbiz.de/10012510598
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The Human Side of Structural Transformation
Porzio, Tommaso; Rossi, Federico; Santangelo, Gabriella V. - National Bureau of Economic Research - 2021
We document that nearly half of the global decline in agricultural employment during the 20th-century was driven by new cohorts entering the labor market. A newly compiled dataset of policy reforms supports an interpretation of these cohort effects as human capital. Through the lens of a model...
Persistent link: https://www.econbiz.de/10012660068
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Entrepreneurship During the COVID-19 Pandemic : Evidence from the Business Formation Statistics
Haltiwanger, John C. - National Bureau of Economic Research - 2021
Applications for new businesses from the U.S. Census Bureau's monthly and weekly Business Formation Statistics (BFS) fell substantially in the early stages of the pandemic but then surged in the second half of 2020. This surge has continued through May 2021. The pace of applications since...
Persistent link: https://www.econbiz.de/10012585396