This paper provides a general equilibrium framework in which the number of working hours and the employment levels of … linear over the traded commodities. I show that an employment tax on high-wage workers has substantially different effects on … the employment and wages of low-wage and high-wage workers when team production is explicitly modeled compared to a case …

Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment …

response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …

The COVID-19 pandemic resulted in the most abrupt changes in U.S. labor force participation and unemployment since the … model of male and female unemployment and labor force participation rates for 1980–2019 and use it to forecast into the …