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explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate … of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and …
Persistent link: https://www.econbiz.de/10012458195
This paper shows that firms spread the adverse impacts of local employment shocks across regions through their internal … establishment-level employment responds strongly to employment shocks in other regions in which the firm has establishments …. Consistent with theory, the elasticity of establishment-level employment with respect to shocks in other regions is increasing …
Persistent link: https://www.econbiz.de/10012455506
largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …
Persistent link: https://www.econbiz.de/10012458482
provide a microfoundation for aggregate productivity shocks. Existing research has focused on using aggregate shocks to …
Persistent link: https://www.econbiz.de/10012463365
medium term the increased volatility from the shock induces an overshoot in output, employment and productivity. Thus, second … oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these … data. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound …
Persistent link: https://www.econbiz.de/10012465265
We provide evidence on the relationship between aggregate uncertainty and the macroeconomy. Identifying uncertainty shocks using methods from the news shocks literature, the analysis finds that innovations in realized stock market volatility are robustly followed by contractions, while shocks to...
Persistent link: https://www.econbiz.de/10012453915
discontinuity design to estimate the impact of unionization on business survival, employment, output, productivity, and wages … wage gains …
Persistent link: https://www.econbiz.de/10012468095
relative to non-exporters. Employment, shipments and capital intensity are all higher at exporters at any given moment. This … exporters. The benefits of exporting for the firm are less clear. Employment" growth and the probability of survival are both …
Persistent link: https://www.econbiz.de/10012472540
worked. We observe a U-shaped pattern in which both young and old workers experience a sharper decrease in wage income … (employment) at proximate stores decrease by 4% (2.1%). Exits, especially of young and small stores, increase, and entry decreases …
Persistent link: https://www.econbiz.de/10013210105
wage insurance …
Persistent link: https://www.econbiz.de/10012455579