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Counting gigs: How can we measure the scale of online platform work?
Piasna, Agnieszka - 2020
The potential transformation of labour markets by the emergence of online labour platforms has triggered an intense academic, media and policy debate, but its true scale remains speculation. Nevertheless, adequate policy responses hinge on a good understanding of dynamics - something that will...
Persistent link: https://www.econbiz.de/10014565869
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Self-employment and labor market risks
Audoly, Richard - 2024
I study the labor market risks associated with being self-employed. I document that the self-employed are subject to larger earnings fluctuations than employees and that they frequently transition into unemployment. Given the self-employed are not eligible to unemployment insurance, I analyze...
Persistent link: https://www.econbiz.de/10014581780
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Deutschland in der Stagnation festgefahren: Privater Konsum weiter unter dem Niveau von vor der Pandemie
Drygalla, Andrej; Exß, Franziska; Heinisch, Katja; … - In: Konjunktur aktuell 12 (2024) 1, pp. 1-31
Ausgabenneigung von Haushalten und Unternehmen. Was die Konjunktur stützt, ist der recht robuste Arbeitsmarkt. Der jüngste Anstieg der …Zu Beginn des Jahres 2024 zeigen Stimmungsindikatoren etwas aufgehellte Aussichten für die internationale Konjunktur … erwarten sich die Anleger wohl Wachstumsimpulse von Innovationen auf dem Gebiet der Künstlichen Intelligenz. Für die USA kann …
Persistent link: https://www.econbiz.de/10014583760
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Inflation dynamics with labour market matching: assessing alternative specifications
Christoffel, Kai; Costain, James; de Walque, Gregory; … - 2009
This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we consider the following modeling setups: right-to-manage...
Persistent link: https://www.econbiz.de/10011605099
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Inflation dynamics with labour market matching: assessing alternative specifications
Christoffel, Kai; Costain, James; de Walque, Gregory; … - 2009
This paper reviews recent approaches to modeling the labour market, and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we consider the following modeling setups: right-to-manage...
Persistent link: https://www.econbiz.de/10011506684
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Bank Integration and Business Volatility in the U.S.
Morgan, Don; Rime, Bertrand; Strahan, Philip - 2001
We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Tirole (1997), we conclude that the theoretical effect of...
Persistent link: https://www.econbiz.de/10011430026
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Can intangible capital explain cyclical movements in the labor wedge?
Gourio, François; Rudanko, Leena - 2014
Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...
Persistent link: https://www.econbiz.de/10010352192
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A Banking Explanation of the US Velocity of Money: 1919-2004
Benk, Szilárd; Gillman, Max; Kejak, Michal - 2009
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year upward trend, during the 1919-2004 period. It explains the velocity cycles through shocks constructed from a DSGE model and annual time series data (Ingram et al., 1994). Model velocity is stable...
Persistent link: https://www.econbiz.de/10010494417
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The output gap, the labor wedge, and the dynamic behavior of hours
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2010
We use a standard quantitative business cycle model with nominal price and wage rigidities to estimate two measures of economic ineffciency in recent U.S. data: the output gap - the gap between the actual and effcient levels of output - and the labor wedge - the wedge between households'...
Persistent link: https://www.econbiz.de/10010320744
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Displacement, asymmetric information and heterogeneous human capital
Hu, Luojia; Taber, Christopher - 2008
In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layouts than for plant closings, which was borne out by data from the Displaced Workers...
Persistent link: https://www.econbiz.de/10010292119