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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/10013232561
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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/10013242016
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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
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Adjusting Labor Along The Intensive Margins
Hamermesh, Daniel S.; Biddle, Jeff - National Bureau of Economic Research - 2024
We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around 1/4 of the adjustment in weekly hours occurring through changing days/week....
Persistent link: https://www.econbiz.de/10014635715
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Adjusting labor along the intensive margins
Biddle, Jeff; Hamermesh, Daniel S. - 2024
We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around ¼ of the adjustment in weekly hours occurring through changing days/week....
Persistent link: https://www.econbiz.de/10014584359
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Not working at work : loafing, unemployment and labor productivity
Burda, Michael C.; Genadek, Katie R.; Hamermesh, Daniel S. - 2015
-work time is substantial and varies positively with the local unemployment rate. While the average time spent by workers in non …-work conditional on any positive non-work rises with the unemployment rate, the fraction of workers who report time in non-work varies … amounts of non-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is …
Persistent link: https://www.econbiz.de/10011280688
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Not working at work : loafing, unemployment and labor productivity
Burda, Michael C.; Genadek, Katie; Hamermesh, Daniel S. - 2015
-work time is substantial and varies positively with the local unemployment rate. While the average time spent by workers in non …-work conditional on any positive non-work rises with the unemployment rate, the fraction of workers who report time in non-work varies … amounts of non-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is …
Persistent link: https://www.econbiz.de/10011296782
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Not Working at Work : Loafing, Unemployment and Labor Productivity
Burda, Michael C. - 2015
-work time is substantial and varies positively with the local unemployment rate. While the average time spent by workers in non …-work conditional on any positive non-work rises with the unemployment rate, the fraction of workers who report time in non-work varies … amounts of non-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is …
Persistent link: https://www.econbiz.de/10013016402
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Business Volatility, Job Destruction, and Unemployment
Davis, Steven J.; Faberman, Jason; Haltiwanger, John; … - 2015
Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …
Persistent link: https://www.econbiz.de/10014205905
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The labor market in the US : 2000-2020 : Covid-19 ended the longest US economic expansion, pushing unemployment to its highest level with a slow and incomplete recovery
Hamermesh, Daniel S. - 2021
remarkable drop in the labor force participation rate, reversing a nearly 50-year trend; the full recovery of unemployment after …
Persistent link: https://www.econbiz.de/10013254378