Showing 1 - 10 of 280
We study the adoption of remote work within cities and its effect on city structure and welfare. We develop a dynamic model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the CBD allows them to interact with other commuters,...
Persistent link: https://www.econbiz.de/10014322881
We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration, and indicators of depression and loneliness rise...
Persistent link: https://www.econbiz.de/10014250138
When the fraction of minorities in a neighborhood exceeds the tipping point white flight accelerates. I develop a revealed-preference method to estimate the tipping points of 38,000 census tracts and the preferences of households for minority neighbors in the 123 Metropolitan Statistical Areas...
Persistent link: https://www.econbiz.de/10014250154
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
We introduce on-the-job search frictions in an otherwise standard monetary DSGE New-Keynesian model. Heterogeneity in productivity across jobs gives rise to a job ladder. Firms Bertrand-compete for employed workers according to the Sequential Auctions protocol of Postel-Vinay and Robin (2002)....
Persistent link: https://www.econbiz.de/10014322853
this immigration policy increased the likelihood that U.S.-based immigrants have a start-up in Canada by 69%. Our results … show that Asian immigrants (who have a higher representation in Canada than in the U.S.) are disproportionately more likely … to migrate to Canada to start their businesses, whereas Hispanic immigrants (who have a smaller representation in Canada …
Persistent link: https://www.econbiz.de/10014337866
We find expectations are more sensitive to economic growth than traditional wellbeing metrics. We examine Eurobarometer micro data from 1973-2023 on movements in life satisfaction along with data from 1995-2022 on five expectations variables on and individual's life and their financial and job...
Persistent link: https://www.econbiz.de/10014447326
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been stagnant for some...
Persistent link: https://www.econbiz.de/10013361977
We build and analyze a new U.S. database that links 125 million applications to job vacancies and employer-side clients on Dice.com, an online platform for jobs and workers in software design, computer systems, engineering, financial analysis, management consulting, and other occupations that...
Persistent link: https://www.econbiz.de/10014528360
Migration is a key mechanism through which local labor markets adjust to economic shocks. In this paper, we analyze the … migration response of American workers to two of the most important shocks that hit US manufacturing since the 1990s: Chinese … spillovers outside manufacturing, caused by robots but not by Chinese imports, can explain the different migration responses. We …
Persistent link: https://www.econbiz.de/10013210076