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' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …
Persistent link: https://www.econbiz.de/10012655882
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …
Persistent link: https://www.econbiz.de/10010281026
This paper discusses the case for expanding active labor market policy in recession. We find that there is reasonable case for relying more heavily on certain kinds of programs. The argument is tied to the varying size of the lock-in effect in boom and recession. If programs with relatively...
Persistent link: https://www.econbiz.de/10010273976
unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …
Persistent link: https://www.econbiz.de/10010321379
This paper interprets accidents occurring on the way to and from work as negative health shocks to identify the causal effect of health on labor market outcomes. We argue that in our sample of exactly matched treated and control workers, these health shocks are quasi-randomly assigned. A...
Persistent link: https://www.econbiz.de/10010294889
effect of unemployment on life satisfaction. …
Persistent link: https://www.econbiz.de/10010316860
application to the effect of unemployment on life satisfaction. …
Persistent link: https://www.econbiz.de/10010316876
to implement. The empirical relevance is illustrated in an application to the effect of unemployment on happiness …
Persistent link: https://www.econbiz.de/10010316884
Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific countylevel vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...
Persistent link: https://www.econbiz.de/10013373856
We document the consequences of losing a job across countries using a harmonized research design applied to seven matched employer-employee datasets. Workers in Denmark and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal...
Persistent link: https://www.econbiz.de/10013394346