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Shocks and frictions under right-to-manage wage bargaining : a transatlantic perspective
Consolo, Agostino; Hertweck, Matthias S. - 2010
result is that the model is able to generate persistent responses in output, inflation, and total labor input to both neutral …
Persistent link: https://www.econbiz.de/10008662486
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u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...
Persistent link: https://www.econbiz.de/10013334429
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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012157899
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The importance of two-sided heterogeneity for the cyclicality of labour market dynamics
Bachmann, Ronald; David, Peggy - 2010
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...
Persistent link: https://www.econbiz.de/10009312926
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2020
This paper explores evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding expansion....
Persistent link: https://www.econbiz.de/10012852979
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10012924924
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Some like it hot : assessing longer-term labor market benefits from a high-pressure economy
Hotchkiss, Julie L.; Moore, Robert E. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10011791237
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Employer-to-Employer Flows in the U.S. Labor Market : The Complete Picture of Gross Worker Flows
Fallick, Bruce; Fleischman, Charles A. - 2004
Despite the importance of employer-to-employer (EE) flows to our understanding of labor market and business cycle dynamics, the literature has lacked a comprehensive and representative measure of the size and character of these flows. To construct the first reliable measures of EE flows for the...
Persistent link: https://www.econbiz.de/10014069572
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Inflation Strikes Back : The Role of Import Competition and the Labor Market
Amiti, Mary; Heise, Sebastian; Karahan, Fatih; Şahin, … - National Bureau of Economic Research - 2023
U.S. inflation has recently surged, with inflation reaching its highest readings since the early 1980s. We examine the … drivers of this rise in inflation, focusing on supply chain disruptions, labor supply constraints, and their interaction … endogenous markups, we find that supply chain disruptions combined with a rise in the disutility of work raised inflation by …
Persistent link: https://www.econbiz.de/10014287312
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Expectations, monetary policy, and labor markets : lessons from the Great Depression
Reicher, Christopher Phillip - 2009
with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the … interest rate bound, interest rates and monetary aggregates provided a misleading indicator as to the true stance of inflation …
Persistent link: https://www.econbiz.de/10003872040