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I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume (MPC) than the employed or if agents...
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organize production to use less labor in professional occupations compared to high-wage establishments operating in the same … occupations, employ fewer managers, and have substantially wider supervisory spans of control. These results indicate that … intensively use labor in skilled occupations. …
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I develop an assignment model of occupations with multidimensional heterogeneity in production tasks and worker skills … types. Occupations arise endogenously as bundles of tasks optimally assigned to a type of worker. The model allows us to … study how occupations respond to changes in the economic environment, making it useful for analyzing the implications of …
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, math-heavy college majors and highly quantitative occupations. We develop a general equilibrium model with multiple …
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A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...
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