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Skill Depreciation during Unemployment : Evidence from Panel Data

Cohen, Jonathan P.; Johnston, Andrew; Lindner, Attila - National Bureau of Economic Research - 2023

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …

Persistent link: https://www.econbiz.de/10014250138

The Costs of Job Displacement over the Business Cycle and Its Sources : Evidence from Germany

Schmieder, Johannes; Wachter, Till von; Heining, Jörg - National Bureau of Economic Research - 2022

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

Wellbeing, Expectations and Unemployment in Europe

Blanchflower, David G.; Bryson, Alex - National Bureau of Economic Research - 2023

variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 … European countries to predict changes in the unemployment rate 12 months ahead using individuals' fears of unemployment in the … presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which …

Persistent link: https://www.econbiz.de/10014447326

The Labor Demand and Labor Supply Channels of Monetary Policy

Graves, Sebastian; Huckfeldt, Christopher K.; Swanson, … - National Bureau of Economic Research - 2023

Monetary policy is conventionally understood to influence labor demand, with little effect on labor supply. We estimate the response of labor market flows to high-frequency changes in interest rates around FOMC announcements and Fed Chair speeches and find that, in contrast to the consensus...

Persistent link: https://www.econbiz.de/10014421195

Does Occupational Licensing Reduce Job Loss During Recessions?

Blair, Peter Q.; Chung, Bobby W. - National Bureau of Economic Research - 2024

Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

Persistent link: https://www.econbiz.de/10014544764

Application Flows

Davis, Steven J.; Samaniego de la Parra, Brenda - National Bureau of Economic Research - 2024

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

Shocking Offers : Gender, Wage Inequality, and Recessions in Online Labor Markets

Archibong, Belinda; Henry, Peter Blair - National Bureau of Economic Research - 2024

Using data from the largest online job portal in Nigeria, we document: (a) gender differences in salary offers for jobs, and (b) the response of (a) to recessions. Jobs in industries where the number of job applicants skews female, offer lower starting salaries than jobs in industries where...

Persistent link: https://www.econbiz.de/10014528404

Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI

Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024

David Ricardo initially believed machinery would help workers but revised his opinion, likely based on the impact of automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real wages for cotton weavers did not rise for decades. As...

Persistent link: https://www.econbiz.de/10014544695

Automation and Polarization

Acemoglu, Daron; Loebbing, Jonas - National Bureau of Economic Research - 2022

We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...

Persistent link: https://www.econbiz.de/10013388884

Minimum Wages and Labor Markets in the Twin Cities

Karabarbounis, Loukas; Lise, Jeremy; Nath, Anusha - National Bureau of Economic Research - 2022

Using merged administrative datasets from Minnesota, we bring new evidence on the labor market effects of large minimum wage increases by examining the policy changes implemented by Minneapolis and Saint Paul. We begin by using synthetic difference-in-differences methods to estimate...

Persistent link: https://www.econbiz.de/10013334456

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