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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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The labor market in the US, 2000-2016 : recovery from the Great Recession is essentially complete, but there are difficult unemployment and wage issues
Hamermesh, Daniel S. - 2017
labor force participation rate, reversing a nearly 50-year trend; the nearly full recovery of unemployment from the depths …
Persistent link: https://www.econbiz.de/10011642273
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The labor market in the US, 2000-2018 : recovery from the Great Recession is complete, but there are difficult unemployment and wage problems
Hamermesh, Daniel S. - 2019
labor force participation rate, reversing a nearly 50-year trend; the full recovery of unemployment from the depths of the …
Persistent link: https://www.econbiz.de/10012012425
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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
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Real Business Cycles with Involuntary Unemployment
Galí, Jordi - C.E.P.R. Discussion Papers - 1995
imperfect competition. In equilibrium, unemployment emerges as the result of the market power exercised by insiders at the firm … countercyclical unemployment rate, in a way qualitatively consistent with US data. …
Persistent link: https://www.econbiz.de/10005656397
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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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MONETARY POLICY AND UNEMPLOYMENT
Galí, Jordi - National Bureau of Economic Research <Cambridge, Mass.> - 2010
labor market frictions and unemployment explicitly. The present paper describessome of the essential ingredients and …
Persistent link: https://www.econbiz.de/10005870350
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Labor Markets and Monetary Policy : A New-Keynesian Model with Unemployement
Blanchard, Olivier J. - 2017
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation trade- off and for the conduct of monetary policy. We proceed in two steps. We first leave … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …
Persistent link: https://www.econbiz.de/10012706807
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Chapter 10. Monetary Policy and Unemployment
Galí, Jordi - In: Handbook of monetary economics : volume 3, (pp. 487-546). 2010
model labor market frictions and unemployment explicitly. This chapter describes some of the essential ingredients and …
Persistent link: https://www.econbiz.de/10014025670
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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 … pro-cyclically, declining in recessions. These results are consistent with a model in which heterogeneous workers are paid …
Persistent link: https://www.econbiz.de/10011280688