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We study the effects of financial shocks on labor markets in a model with both labor and financial frictions, two types of productive capital, physical and intangible, and in which only the former serves as collateral. A tighter borrowing constraint in this environment leads to a fall in credit...
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This paper examines the spatial pattern of U.S. county employment growth in high-tech industries. The spatial growth … hierarchy. Growth is examined for overall high-tech employment and for employment in various high-tech sectors. Econometric …
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This paper explores the nature and the key empirical regularities of green employment in US local labor markets between … 2006 and 2014. We construct a new measure of green employment based on the task content of occupations. Descriptive … analysis reveals the following: 1. the share of green employment oscillates between 2 and 3 percent, and its trend is strongly …
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