productivity levels of local and nonlocal employees. I employ the framework of Simon and Warner [Journal of Labor Economics, 10 …

investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given … inelastic labor participation, the model can generate downward-sloping Beveridge curves in aggregate, skilled and unskilled … labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled …

Higher wages increase labor costs but improve the productivity of the labor force through several channels. If firms …

One of the most important long-run trends in the U.S. labor market is polarization, defined as the relative growth of … occupations). Middle-skill job losses typically result from outsourcing labor to lower-wage countries or from substituting … opportunities is related to long-term declines in labor force participation among men. …

been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

employment gains in the US labor market are increasingly concentrated in the healthcare, education, food, and professional and … of the US labor market during the 1990s has reversed itself in the 2000s, with negative long-term economic effects for …