study the effects of labor supply shocks on labor market outcomes. Using quarterly information on wages and employment in … separately from the effects of political instability. The results suggest that low-skilled wages are adversely affected by an … increase in the supply of low- and high-skilled workers, while high- skilled wages are only weakly negatively related to an …

study the effects of labor supply shocks on labor market outcomes. Using quarterly information on wages and employment in … separately from the effects of political instability. The results suggest that low-skilled wages are adversely affected by an … increase in the supply of low- and high-skilled workers, while high-skilled wages are only weakly negatively related to an …

of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …

employment and wages in the United States. Guided by a pre-analysis plan, we document that COVID-19 increased the unemployment … their labor market outcomes affected, while workers working in proximity to coworkers are more affected. The unemployment …, these policies increased unemployment by nearly 4 percentage points, but reduced COVID-19 cases by 186,600-311,000, and …