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Economic uncertainty before and during the COVID-19 pandemic

Altig, Dave; Baker, Scott Brent; Barrero, Jose Maria; … - 2020

pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic … greatly-from an 80 percent rise (relative to January 2020) in two-year implied volatility on the S&P 500 to a 20-fold rise in … forecaster disagreement about UK growth. Third, time paths also differ: implied volatility rose rapidly from late February and …

Persistent link: https://www.econbiz.de/10012251406

The gap between the conditional wage distributions of incumbents and the newly hired employees : decomposition and uniform ordering

Maasoumi, Esfandiar; Pitts, M. Melinda; Wu, Ke - 2014

We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups....

Persistent link: https://www.econbiz.de/10010433990

Wage gains among job changers across the business cycle : insight from state administrative data

Hotchkiss, Julie L. (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002574293

Surveying business uncertainty

Altig, David; Barrero, Jose Maria; Bloom, Nicholas; … - 2019

We develop a new monthly panel survey of business executives and a new question design that elicits subjective probability distributions over own-firm outcomes at a one-year lookahead horizon. Our Survey of Business Uncertainty (SBU) began in 2014 and now covers 1,500 firms drawn from all 50...

Persistent link: https://www.econbiz.de/10012020039

A closer look at nonparticipants during and after the Great Recession

Hotchkiss, Julie L.; Pitts, M. Melinda; Rios-Avila, Fernando - 2012

This paper uses matched individual-level data from the Current Population Survey to determine that around the 2008 recession, there was a significant upward shift in trend of the share of labor force leavers giving "Schooling" and "Other" as the reason for absence from the labor market. This...

Persistent link: https://www.econbiz.de/10009581978

The push-pull effects of the information technology boom and bust : insight from matched employer-employee data

Hotchkiss, Julie L. (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003335329

Wage gains among job changers across the business cycle : insight from state administrative data

Hotchkiss, Julie L. (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002256319

COVID-19 is a persistent reallocation shock

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; … - 2021

Drawing on data from the firm-level Survey of Business Uncertainty, we present three pieces of evidence that COVID-19 is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen sharply since the pandemic struck, especially for sales. We...

Persistent link: https://www.econbiz.de/10012416304

State merit aid programs and youth labor market attachment

Frisvold, David E.; Pitts, M. Melinda - 2018

This paper examines the impact of state merit-aid programs on the labor market attachment of high school-aged youths. The labor force participation rate of teenagers has fallen substantially in recent decades, coinciding with the introduction of merit-aid programs. These programs reduce the...

Persistent link: https://www.econbiz.de/10011874499

Assessing the impact of education and marriage on labor market exit decisions of women

Hotchkiss, Julie L.; Pitts, M. Melinda; Walker, Mary Beth - 2010

During the late 1990s, the convergence of women's labor force participation rates to men's rates came to a halt. This paper explores the degree to which the role of education and marriage in women's labor supply decisions also changed over this time period. Specifically, this paper investigates...

Persistent link: https://www.econbiz.de/10008664148