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Angrist, Joshua - 2019

Machine learning (ML) is mostly a predictive enterprise, while the questions of interest to labor economists are mostly causal. In pursuit of causal effects, however, ML may be useful for automated selection of ordinary least squares (OLS) control variables. We illustrate the utility of ML for...

Persistent link: https://www.econbiz.de/10012480528

Experience Rating as an Automatic Stabilizer

Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - National Bureau of Economic Research - 2022

Unemployment insurance taxes are experience-rated to penalize firms that dismiss workers. We examine whether experience rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state using detailed data on state tax schedules, and we...

Persistent link: https://www.econbiz.de/10013462699

Experience rating as an automatic stabilizer

Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - 2022

Persistent link: https://www.econbiz.de/10013464116

Labor Market Effects of Population Aging

Boersch-Supan, Axel - 2001

policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper …

Persistent link: https://www.econbiz.de/10012470075

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Persistent link: https://www.econbiz.de/10012457972

Exploitation of Labor? Classical Monopsony Power and Labor's Share

Brooks, Wyatt J. - 2019

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We examine this in the context of China and India - two large, rapidly-growing developing economies. Using theory, we develop a novel screen to quantify how wages are affected by...

Persistent link: https://www.econbiz.de/10012479611

Rethinking the Area Approach : Immigrants and the Labor Market in California, 1960-2005

Peri, Giovanni - 2010

I show that a CES production-function-based approach with skill differentiation and integrated national labor markets has predictions for the employment effect of immigrants at the local level. The model predicts that if I look at the employment (rather than wage) response by skill to...

Persistent link: https://www.econbiz.de/10012462438

Climate Policy and Labor Markets

Deschenes, Olivier - 2010

An important component of the debate surrounding climate legislation in the United States is its potential impact on labor markets. Theoretically the connection is ambiguous and depends on the sign of cross-elasticity of labor demand with respect to energy prices, which is a priori unknown. This...

Persistent link: https://www.econbiz.de/10012462545

A Formal Test of Assortative Matching in the Labor Market

Abowd, John M. - 2009

We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...

Persistent link: https://www.econbiz.de/10012463103

The stock market and aggregate employment

Chen, Long - 2009

We study the interactions between the stock market and the labor market. When aggregate risk premiums are time-varying, predictive variables for market excess returns should forecast long-horizon growth in the marginal benefit of hiring and thereby long-horizon aggregate employment growth....

Persistent link: https://www.econbiz.de/10012463430

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