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Youth unemployment in Europe and the United States
Bell, David N. F.; Blanchflower, David G. - 2011
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These … affects are stronger than more recent unemployment experiences. -- youth unemployment ; scarring effects ; happiness …
Persistent link: https://www.econbiz.de/10009259469
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Youth Unemployment in Europe and the United States
Bell, David N.F. - 2011
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …
Persistent link: https://www.econbiz.de/10013125472
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Elasticity of supply to the firm and the business cycle
Depew, Briggs; Sorensen, Todd - 2011
A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite, implying that firms may have wage setting power. However, these studies capture only snapshots of the parameter. We study this parameter over a period that provides substantial...
Persistent link: https://www.econbiz.de/10009379603
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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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Exploring the causes of frictional wage dispersion
Tjaden, Volker; Wellschmied, Felix - 2012
Standard search models are unreliable for structural inference of the underlying sources of wage inequality because they are inconsistent with observed residual wage dispersion. We address this issue by modeling skill development and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10009530289
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Opening the black box of the matching function : the power of words
Marinescu, Ioana E.; Wolthoff, Ronald - 2015
How do employers attract the right workers? How important are posted wages vs. other job characteristics? Using data from the leading job board CareerBuilder.com, we show that most vacancies do not post wages, and, for those that do, job titles explain more than 90% of the wage variance. Job...
Persistent link: https://www.econbiz.de/10010529494
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Returns to on-the-job search and the dispersion of wages
Gottfries, Axel; Teulings, Coen N. - 2016
A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs, until lay-off occurs, when this selection process starts over from scratch. We develop a simple methodology to test these predictions. Our inference uses two sources of...
Persistent link: https://www.econbiz.de/10011540616
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Does it pay for women to volunteer?
Sauer, Robert M. - 2012
This paper estimates the economic and non-economic returns to volunteering for prime-aged women. A woman's decision to engage in unpaid work, and to marry and have children, is formulated as a forward-looking discrete choice dynamic programming problem. Simulated maximum likelihood estimates of...
Persistent link: https://www.econbiz.de/10009580551