Showing 1 - 10 of 618
Churn, defined as replacing departing workers with new ones as workers move to more productive uses, is an important feature of labor dynamics. The majority of hiring and separation reflects churn rather than hiring for expansion or separation for contraction. Using the JOLTS data, we show that...
Persistent link: https://www.econbiz.de/10012460748
This paper builds a simple model where there is a link between employees' perception of the fairness of employers and the actual distribution of income. Wages are based in part on employers' assessments of the productivity of individual employees. I show that the equilibrium distribution of...
Persistent link: https://www.econbiz.de/10012473221
employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the … effects of frictions on steady state employment relative to the simplest matching model, and two common extensions. We also … find that the presence of empirically plausible frictions has virtually no impact on the response of aggregate employment …
Persistent link: https://www.econbiz.de/10012463397
frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …
Persistent link: https://www.econbiz.de/10012463398
We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the … firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over … imply that macroeconomic fluctuations can have substantial effects beyond those indicated by net employment changes at the …
Persistent link: https://www.econbiz.de/10012474309
Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the …-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …'s employment record cannot be drawn from aggregate data …
Persistent link: https://www.econbiz.de/10012476018
Africa. But employment in African manufacturing has grown rapidly over the past 20 years. These employment gains have been … accompanied by: (i) large increases in the number of small manufacturing firms; (ii) limited employment gains in large firms; and … (iii) robust labor productivity growth in Africa's large firms. Limited employment growth in Africa's large manufacturing …
Persistent link: https://www.econbiz.de/10012794598
We investigate how the employment-based health insurance system in the U.S. affects individuals' life-cycle health … turnovers lead to dynamic inefficiencies in health investment, and particularly, it suggests that employment-based health … the U.S. as a result of the employment-based health insurance system. We also evaluate and cast doubt on alternative …
Persistent link: https://www.econbiz.de/10012465279
We study a two-country two-sector model of international trade in which one sector produces homogeneous products while the other produces differentiated products. The differentiated-product industry has firm heterogeneity, monopolistic competition, search and matching in its labor market, and...
Persistent link: https://www.econbiz.de/10012465285
countries has decreased substantially while the negative effect of a country's own employment growth (or labor force growth) on …
Persistent link: https://www.econbiz.de/10012469961