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-market frictions and an operative labor supply margin, wherein economic turbulence à la Ljungqvist and Sargent (1998) interact with …
Persistent link: https://www.econbiz.de/10011517164
This paper provides new interpretations of the effects of rising economic turbulence—an increase in the rate of skill …‐cycle model with labor market frictions and labor force participation decisions. First, rising economic turbulence during the 1970 … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe …
Persistent link: https://www.econbiz.de/10011994453
Persistent link: https://www.econbiz.de/10010498492
This research presents a new metric known as "AI Augmentation," aimed at quantifying the influence of generative AI across diverse job roles, organizations, and sectors. The analysis defies prevailing expectations of job losses due to AI, instead demonstrating a reverse correlation between AI...
Persistent link: https://www.econbiz.de/10014345530
Using individual-level Current Population Survey (CPS) data matched across adjacent months from 1996 to 2013, this paper examines immigrant-native differentials in labor market transitions to changes in the business cycle. The paper captures economic fluctuations by measuring deviations in local...
Persistent link: https://www.econbiz.de/10011974426
To better understand unemployment dynamics it is key to assess the role played by job creation and job destruction. Although the U.S. case has been studied extensively, the importance of job finding and employment exit rates to unemployment variability remains unsettled. The aim of this paper is...
Persistent link: https://www.econbiz.de/10011869049
Job-to-job turnover provides a way for employers to escape statutory firing costs, as unprofitable workers may willfully quit their job on receiving an outside offer, thus sparing their incumbent employer the firing costs. Furthermore, employers can induce their unprofitable workers to accept...
Persistent link: https://www.econbiz.de/10009488421
Mass layoffs give rise to groups of unemployed workers who possess similar characteristics and, therefore, may learn from one another's experience searching for a new job. Two factors lead them to exert too little effort in equilibrium. The first is an information externality: searchers fail to...
Persistent link: https://www.econbiz.de/10014140989
The persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it. After evaluating the impact of the health crisis at the individual level, this study decomposes employment losses into persistent and transitory components using the observed...
Persistent link: https://www.econbiz.de/10012591513
This paper examines the socio-demographic disparities evident in the early labour market response to the COVID-19 pandemic in Austria, relying on the register-based labour market career dataset from the Austrian Micro Data Center (AMDC) for the 2018-2021 period. The analysis focuses on the...
Persistent link: https://www.econbiz.de/10014534535