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The Impacts of Covid-19 Illnesses on Workers

Goda, Gopi Shah; Soltas, Evan J. - National Bureau of Economic Research - 2022

We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...

Persistent link: https://www.econbiz.de/10013388791

Labor Market Externalities of Pre-retirement Employment Protection

Chrostek, Paweł; Karbownik, Krzysztof; Myck, Michał - National Bureau of Economic Research - 2024

Using population-level administrative data, we study labor market externalities stemming from age-specific employment protection legislation (EPL) targeted towards older workers. Our results show no economically meaningful overall effects of the EPL on employment or earnings of either men or...

Persistent link: https://www.econbiz.de/10014528410

Skill Heterogeneity and Aggregate Labor Market Dynamics

Grigsby, John R. - National Bureau of Economic Research - 2022

This paper studies aggregate labor market dynamics when workers have heterogeneous skills for tasks which are subject to non-uniform labor demand shocks. When workers have different skills, movements in aggregate wages partly reflect a reallocation of different workers across tasks and into...

Persistent link: https://www.econbiz.de/10013210080

Optimal Gradualism

Lehr, Nils H.; Restrepo, Pascual - National Bureau of Economic Research - 2022

This paper studies how gradualism affects the welfare gains from trade, technology, and reforms. When people face adjustment frictions, gradual shocks create less adverse distributional effects in the short run. We show that there are welfare gains from inducing a more gradual transition via...

Persistent link: https://www.econbiz.de/10013477247

Asset Prices and Unemployment Fluctuations : A Resolution of the Unemployment Volatility Puzzle

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - National Bureau of Economic Research - 2022

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …

Persistent link: https://www.econbiz.de/10012938763

The Role of Childcare Challenges in the US Jobs Market Recovery During the COVID-19 Pandemic

Furman, Jason; Kearney, Melissa Schettini; Powell, Wilson - National Bureau of Economic Research - 2021

We examine how much of the overall decline in employment between the beginning of 2020 and 2021 can be explained by excess job loss among parents of young children, and mothers specifically. Using data from the Current Population Survey (CPS), we confirm that, in general, mothers with young...

Persistent link: https://www.econbiz.de/10012585418