This paper studies the impact of downward wage rigidity on wage and employment dynamics after the outbreak of major recessions in Spain. Downward wage rigidity stems from collective agreements, which set province-sector-skill specific minimum wage floors for all workers. By exploiting variation...

Many countries use job-retention schemes, such as short-time work (STW), to stabilize the labor market during economic downturns. While these schemes might prevent unemployment (UE) and its adverse effects on workers, STW could also deter workers from moving to more productive firms, thereby...

Job loss is an understudied risk for formal workers in lower-income countries. In these settings, lump-sum severance pay is often the only source of job-loss insurance. We quasiexperimentally show that female factory workers in Ethiopia displaced by a tariff hike experience lasting declines in...

Despite their advantages, multinational enterprises (MNEs) receive significant criticism, particularly with regard to offshoring jobs and shifting profits abroad to avoid taxation. Using administrative data for the universe of Norwegian and French firms and workers, we link these two issues by...

Despite their advantages, multinational enterprises (MNEs) receive significant criticism, particularly with regard to offshoring jobs and shifting profits abroad to avoid taxation. Using administrative data for the universe of Norwegian and French firms and workers, we link these two issues by...

We present the Chicago Fed Labor Market Indicators (LMI): a twice-monthly release that includes the job-finding r ate, the j ob-separation r ate, and a f orecast f or the U.S. Bureau of Labor Statistics (BLS) unemployment rate. To overcome limitations in data availability, the LMI uses partial...