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Breza, Emily; Kaur, Supreet; Shamdasani, Yogita - National Bureau of Economic Research - 2021

This paper measures excess labor supply in equilibrium. We examine hiring shocks--which employ 24% of the labor force in external month-long jobs--in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent...

Persistent link: https://www.econbiz.de/10012510522

"Golden Ages" : A Tale of the Labor Markets in China and the United States

Fang, Hanming; Qiu, Xincheng - National Bureau of Economic Research - 2021

We study the labor markets in China and the United States, the two largest economies in the world, by examining the evolution of their cross-sectional age-earnings profiles during the past thirty years. We find that, first, the peak age in the cross-sectional age-earnings profiles, which we...

Persistent link: https://www.econbiz.de/10012696432

International Labor Economics

Hamermesh, Daniel S. - 2002

I argue for increased reliance on non-U.S. data and policy evaluations to understand basic labor- market parameters and to predict the effects of changes in U.S. labor-market policies. Foreign experiences generate exogenous shocks to labor costs that create unusual opportunities to measure...

Persistent link: https://www.econbiz.de/10012469958

Data Difficulties in Labor Economics

Hamermesh, Daniel S. - 1988

This essay sets out a framework for evaluating empirical work in terms of the ability of the data to provide adequate parameter estimates and hypothesis tests about the true underlying structure. Problems of aggregation, representativeness and structural change are discussed in detail. These...

Persistent link: https://www.econbiz.de/10012476449

Social Capital and Labor Market Networks

Asquith, Brian J. - 2017

We explore the links between social capital and labor market networks at the neighborhood level. We harness rich data taken from multiple sources, including matched employer-employee data with which we measure the strength of labor market networks, data on behavior such as voting patterns that...

Persistent link: https://www.econbiz.de/10012453755

Economic Reforms and Labor Markets : Policy Issues and Lessons from Chile

Edwards, Sebastian - 2000

taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …

Persistent link: https://www.econbiz.de/10012471121

Employment in Black Urban Labor Markets : Problems and Solutions

Hellerstein, Judith K. - 2011

Blacks in the United States are poorer than whites and have much lower employment rates. "Place-based" policies seek to improve the labor markets in which blacks - especially low-income urban blacks - tend to reside. We first review the literature on spatial mismatch, which provides much of the...

Persistent link: https://www.econbiz.de/10012461671

Equilibrium Policy Experiments and the Evaluation of Social Programs

Lise, Jeremy - 2004

This paper makes three primary contributions. First, we demonstrate the usefulness of general equilibrium models as tools with which to draw policy implications for policies implemented in practice only as small-scale social experiments. Second, we illustrate the usefulness of social experiments...

Persistent link: https://www.econbiz.de/10012468410

Centre For Labour Economics

Buiter, Willem H. - 1988

For an economic system not to exhibit debt neutrality it must be true that changes in the time profile of lump-sum taxes redistributes resources between heterogeneous consumers. OLD models have age heterogeneity because of a positive birth rate. Unless a bequest motive or child-to-parent gift...

Persistent link: https://www.econbiz.de/10012476486

Unemployment Insurance in Macroeconomic Stabilization

Kekre, Rohan - National Bureau of Economic Research - 2021

I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal …-2014, UI benefit extensions had a contemporaneous output multiplier around 1 or higher. The unemployment rate would have been …

Persistent link: https://www.econbiz.de/10012696414

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