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This paper studies employment decisions at U.S. companies over the 2007-2012 period, during and after the Great Recession. To this end, I build a panel dataset that matches publicly-listed companies' financial reports to their announced layoff episodes. Using limited dependent variable...
Persistent link: https://www.econbiz.de/10011802961
Persistent link: https://www.econbiz.de/10003961474
This paper quantitatively evaluates the hypothesis that the housing bust in 2007 decreased geographical reallocation and increased the dispersion and level of unemployment during the Great Recession. We construct an equilibrium model of multiple locations with frictional housing and labor...
Persistent link: https://www.econbiz.de/10009721285
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be …
Persistent link: https://www.econbiz.de/10010470412
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000-2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10009681257
From the beginning of the Covid-19 pandemic to late 2021, international immigration flows to the US decreased significantly. We document the timing and the characteristics of these significant changes in flows, their evolution until late 2022 and their geographic and sector distribution. We...
Persistent link: https://www.econbiz.de/10013477303
Economic models of migration recognize that potential changes in income are an important factor in the decision to … movers' may on average see their relative earnings fall as a result of internal migration. Previous research suggesting that … similar to this earlier research, with wives losing on average about 20% of their pre-migration earnings. Much of this decline …
Persistent link: https://www.econbiz.de/10013149760
earnings. Starting from a model with employer and employee fixed effects, we estimate the average earnings premiums associated …
Persistent link: https://www.econbiz.de/10014337820
contributions of earnings and home prices to the noted overall decline in internal migration. These analyses show that wages on … earnings levels in potential destination CZs. However, these wage effects have been more than offset by housing related factors …
Persistent link: https://www.econbiz.de/10014486215
-pecuniary measures with realized location and earnings outcomes to characterize inequality in overall welfare …
Persistent link: https://www.econbiz.de/10014486219