Breza, Emily; Kaur, Supreet; Shamdasani, Yogita - National Bureau of Economic Research - 2021
aggregate employment declines. In lean months, consistent with severe labor rationing, wages and aggregate employment are … unchanged, with positive employment spillovers on remaining workers--indicating that over a quarter of labor supply is rationed …. At least 24% of lean self-employment among casual workers occurs because they cannot find jobs. Consequently, traditional …