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Structural Change and Aggregate Employment with Mobility Barriers

Pissarides, Christopher; Ngai, Liwa Rachel - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10004970319

Lagos, Ricardo; Kiyotaki, Nobuhiro - Society for Economic Dynamics - SED - 2004

We develop a model of gross job and worker flows and use it to study how the wages and employment status of individual workers evolve over time and how they are affected by aggregate labor market conditions. We also examine the effects that labor market institutions and public policy have on the...

Persistent link: https://www.econbiz.de/10004970348

Stock-Flow Matching Model: A Quantitative Analysis

Shimer, Robert - Society for Economic Dynamics - SED - 2006

This paper extends Shimer's (2005) Mismatch model to allow for endogenous mobility. Rather than work directly in the …

Persistent link: https://www.econbiz.de/10004977921

The Role of Education in Economic Growth through the Sectoral Reallocation of Labor

Lee, Soohyung - Society for Economic Dynamics - SED - 2006

The main questions of this paper are as follows: Whether and to what extent does rising educational attainment contribute to a country's economic growth by facilitating the reallocation of labor from the agricultural sector to the non-agricultural sector? The transition from the agricultural...

Persistent link: https://www.econbiz.de/10005090758

Aggregate Worker Reallocation and Occupational Mobility in the United States: 1976-2000

Vella, F.; Moscarini, G. - Society for Economic Dynamics - SED - 2004

, we construct a synthetic panel based on birth cohorts, and estimate various models of worker occupational mobility. We … level of mobility directly. However, more strikingly, the level of unemployment also influences the magnitude and the sign … of the education effect. As predicted by job-matching theory, occupational mobility has residual persistence, so shocks …

Persistent link: https://www.econbiz.de/10005051444

Between-Firm Redistribution of Profit in Competitive Industries: Why Labor Market Policies May Not Work

Vereshchagina, Galina - Society for Economic Dynamics - SED - 2006

Empirical studies document differences in firms' response to the introduction of various labor market policies. In particular, large and mature firms tend to participate more actively in targeted employment subsidy programs (under which firms receive subsidies for hiring disadvantaged workers)....

Persistent link: https://www.econbiz.de/10005069242

Business Cycles, Wage Setting, and Asymmetric Information

Shimer, Robert - Society for Economic Dynamics - SED - 2004

This paper explores wage-setting in the presence of asymmetric information. Firms know their own productivity, while workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor market is competitive in the sense of Moen (1997):...

Persistent link: https://www.econbiz.de/10005069473

Moral Hazard and Dynamic Insurance Data

Abbring, Jaap H.; Chiappori, Pierre-Andre - Society for Economic Dynamics - SED - 2004

This paper exhibits dynamic features of insurance contracts in the empirical analysis of moral hazard. We first show that experience rating implies negative occurrence dependence under moral hazard: individual claim intensities decrease with the number of past claims. We then show that dynamic...

Persistent link: https://www.econbiz.de/10005090929

First-Time Home Buyers

Fisher, Jonas; Gervais, Martin - Society for Economic Dynamics - SED - 2006

Residential investment before the mid 1980s was very volatile and since then it has been much less volatile. Before the 1980s mortgage markets were highly regulated and mortgage opportunities were limited, while large numbers of baby-boom households were acquiring their first house. Since 1980...

Persistent link: https://www.econbiz.de/10005090746

A Model of Life-Cycle Housing Choices with Uninsurable Labor Income and House Price Risks

Yao, Rui; Li, Wenli - Society for Economic Dynamics - SED - 2004

In this paper, we study a householdâ€™s optimal life-cycle housing choices by calibrating a model with uninsurable labor income and house price risks. In our setup, the household not only decides between renting and owning a house, but also chooses the size of its house. Borrowing is...

Persistent link: https://www.econbiz.de/10005090892