Showing 1 - 10 of 115
disaggregate unemployment and in the cross-sectional differences across individuals of the duration of unemployment spells. The …-space model of Ahn and Hamilton (2016). I found that the contribution of each factor to the dynamics of disaggregate unemployment …
Persistent link: https://www.econbiz.de/10011578275
We study the distributional consequences of the Covid-19 pandemic's impacts on employment. Using CPS data on stocks and flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread, they have been substantially larger in lower-paying...
Persistent link: https://www.econbiz.de/10012224341
instrumental variable estimation that uses the unemployment rate as an instrument for nursing turnover. We find that ignoring …
Persistent link: https://www.econbiz.de/10011412301
A search-theoretic model of the labor market with idiosyncratic fluctuations in hours worked, search both off- and on-the-job, and multiple jobholding is developed. Taking on a second job entails a commitment to hold onto the primary employer, enabling the worker to use the primary job as her...
Persistent link: https://www.econbiz.de/10012022428
This paper studies employment decisions at U.S. companies over the 2007-2012 period, during and after the Great Recession. To this end, I build a panel dataset that matches publicly-listed companies' financial reports to their announced layoff episodes. Using limited dependent variable...
Persistent link: https://www.econbiz.de/10011802961
What is the nature of labor income risk facing households? We answer this question using detailed administrative data on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each member's earnings, we offer several new findings. One,...
Persistent link: https://www.econbiz.de/10011932201
More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our monthly Survey of Working Arrangements and...
Persistent link: https://www.econbiz.de/10013441976
This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to … prevail after adjusting to business cycle shocks and (2) a stable-price unemployment rate tied to inflationary pressures. We …
Persistent link: https://www.econbiz.de/10012389411
Many firms adjust employment in a "lumpy" manner -- infrequently and in large bursts. In this paper, I show that lumpy adjustments can arise from concerns about the incentives of remaining workers. Specifically, I develop a model in which a firm's productivity depends on its workers' effort and...
Persistent link: https://www.econbiz.de/10011709242
This paper looks behind the standard, publicly available employment and unemployment statistics that studies of … estimates show that measured employment and unemployment rates are quite sensitive to definition, particularly in the treatment … much lower in Romania and slightly lower in Estonia, and alternative unemployment rates that are sharply higher in Romania …
Persistent link: https://www.econbiz.de/10003427009