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Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
The purpose of this paper is to develop a model that integrates inventory and labor decisions We extend a model of inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs associated with it In particular we distinguish between...
Persistent link: https://www.econbiz.de/10010293442
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The macroeconomics of the labor market: three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While …
Persistent link: https://www.econbiz.de/10010281021
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
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 labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010281026
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Job polarization and task-biased technological change: Sweden, 1975-2005
Adermon, Adrian; Gustavsson, Magnus - 2011
This paper investigates the connection between the Swedish wage profile of net job creation and Autor, Levy, and Murnane's (2003) proposed substitutability between routine tasks and technology. We first show that between 1975 and 2005, Sweden exhibited a pattern of job polarization with...
Persistent link: https://www.econbiz.de/10010321468
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High discounts and low fundamental surplus: An equivalence result for unemployment fluctuations
Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012818999
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Job search during the covid-19 crisis
Hensvik, Lena; Le Barbanchon, Thomas; Rathelot, Roland - 2021
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and job ad views on Sweden's largest online job board. First, new vacancy postings drop by 40%, similar to the US. Second, job seekers respond by searching less intensively, to the...
Persistent link: https://www.econbiz.de/10012660617
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UNLOCKING PRODUCTIVE ENTREPRENEURSHIP INAFRICA’S LEAST DEVELOPEDCOUNTRIES
Brixiová, Zuzana - William Davidson Institute <Ann Arbor, Mich.> - 2010
economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate …) constraints and develops a theoreticalframework that examines the main obstacles to entrepreneurship in Africa’s LDCs. The … economies, development of productive entrepreneurship cannot be left tomarkets alone. The policy analysis suggests that the …
Persistent link: https://www.econbiz.de/10009360486
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Which firms employ older workers?
Andrén, Daniela; Mudenda, Lackson Daniel; Pettersson, … - 2019
There is an increasing emphasizes on the importance of allowing people as they grow older to continue to work according to their work capacity and preferences. This paper builds on earlier literature that shows that firms employ older workers, but they tend not to hire them, and provides an...
Persistent link: https://www.econbiz.de/10012654442
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An empirical assessment of assortative matching in the labor market
Mendes, Rute; van den Berg, Gerard J.; Lindeboom, Maarten - 2007
In labor markets with worker and firm heterogeneity, the matching between firms and workers may be assortative, meaning that the most productive workers and firms team up. We investigate this with longitudinal population-wide matched employer-emplyee data from Portugal. Using dynamic panel data...
Persistent link: https://www.econbiz.de/10010317919
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Unemployment and Finance:How do Financial and Labour Market FactorsInteract?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - William Davidson Institute <Ann Arbor, Mich.> - 2010
Using annual data for 18 OECD countries over the period 1980-2004, we investigate howlabour and financial factors interact to determine unemployment by estimating a dynamicpanel model using the system generalized method of moments (GMM). We show that theimpact of financial variables depends...
Persistent link: https://www.econbiz.de/10009360503