Immigration has become a central driver of U.S. labor force growth. We document new empirical findings that shed light on the relationships between immigration, labor shortages, wage growth, and job openings during the high-immigration period of 2021-2024. The textbook search-and-matching model...

Der deutsche Arbeitsmarkt wird in den kommenden Jahren vor großen Herausforderungen stehen, die durch den demografischen Wandel hervorgerufen werden. Die gegenwärtige konjunkturelle Krise und damit einhergehende Schwäche der Arbeitskräftenachfrage ändern nichts an der Tatsache, dass das...

We study how the speed of AI adoption affects labor market outcomes during technological transitions. In a dynamic model where displaced routine workers enter a retraining pipeline with finite capacity, faster adoption compresses the displacement window without reducing total displacement,...

A small group of people accounts for a large majority of flows between labor market states and of spells in un- and non-employment. In this paper, we ask whether it is possible to identify those weakly attached to the labor market during their prime working-age years using information available...