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A Tale of Many Cities : Industrial Networks and Urban Productivity
Yu, Wenting - 2019
This paper examines how changes in urban industrial network structures explain the growth rates of labor productivity … network sparsity, leads to an increase in the urban labor productivity growth rate. This is because changes in city network … organized, and its labor productivity grows faster. In MSA-level data from BEA, I verify the theory by showing that changes in …
Persistent link: https://www.econbiz.de/10012896955
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Reconciling Jaimovich-Rebelo preferences, habit in consumption and labor
Holden, Tom D.; Levine, Paul; Swarbrick, Jonathan M. - 2018
This note studies a form of a utility function of consumption with habit and leisure that (a) is compatible with long-run balanced growth, (b) hits a steady-state observed target for hours worked and (c) is consistent with micro-econometric evidence for the inter-temporal elasticity of...
Persistent link: https://www.econbiz.de/10012014481
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The trend unemployment rate in Canada: Searching for the unobservable
Brouillette, Dany; Robitaille, Marie-Noëlle; … - 2019
In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We also consider improvements and extensions to some existing methods. The assessment is based on four criteria: (i) the extent to which methods provide explanations for changes in...
Persistent link: https://www.econbiz.de/10012014529
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The impact of unemployment insurance and unsecured credit on business cycles
Irwin, Michael - 2023
I study how unsecured credit affects the extent to which unemployment insurance (UI) policies smooth cyclical fluctuations in aggregate consumption. To do so, I develop a real business cycle model with incomplete asset markets, frictional labor markets, and defaultable debt. Using empirically...
Persistent link: https://www.econbiz.de/10014544670
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Toward a HANK model for Canada: Estimating a Canadian income process
Karibzhanov, Iskander - 2020
Heterogenous agent models rely on good estimates of the distribution of individual income growth to model the consumption behaviour of households and its macroeconomic implications. I study the distribution of income growth among Canadian workers and find that it is characterized by large,...
Persistent link: https://www.econbiz.de/10012619164
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Labor demand response to labor supply incentives: Lessons from the German Mini-Job Reform
Galassi, Gabriela - 2021
This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium effects, such policies also affect non-targeted, high-earning workers. I explore establishment-level outcomes around Germany's 2003 Mini-Job Reform, which entailed a significant...
Persistent link: https://www.econbiz.de/10012619622
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Trends in U.S. hours and the labor wedge
Cociuba, Simona E.; Ueberfeldt, Alexander - 2010
, such as cross-sectional differences in households' labor supply and productivity. We conclude that the labor wedge measured …
Persistent link: https://www.econbiz.de/10010279976
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The intergenerational correlation of employment: Is there a role for work culture?
Galassi, Gabriela; Koll, David; Mayr, Lukas - 2019
We document a substantial positive correlation of employment status between mothers and their children in the United States, linking data from the National Longitudinal Survey of Youth 1979 (NLSY79) and the NLSY79 Children and Young Adults. After controlling for ability, education and wealth, a...
Persistent link: https://www.econbiz.de/10012144764
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Labor demand response to labor supply incentives : lessons from the German Mini-Job Reform
Galassi, Gabriela - 2021 - Last updated: March 29, 2021
This paper analyzes how firms respond to changes in tax benefits for low-earning workers and how, through equilibrium effects, such policies also affect non-targeted, high-earning workers. I explore establishment-level outcomes around Germany's 2003 Mini-Job Reform, which entailed a significant...
Persistent link: https://www.econbiz.de/10012493308
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Toward a HANK model for Canada: estimating a Canadian income process
Karibzhanov, Iskander - 2020
Heterogenous agent models rely on good estimates of the distribution of individual income growth to model the consumption behaviour of households and its macroeconomic implications. I study the distribution of income growth among Canadian workers and find that it is characterized by large,...
Persistent link: https://www.econbiz.de/10012384985