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productivity gap" suggests that labor is greatly misallocated across sectors. In this paper, we draw on new micro evidence to ask … to what extent the gap is still present when better measures of sector labor inputs and value added are taken into …
Persistent link: https://www.econbiz.de/10013073187
of the principal effects of population growth on labor supply and employment in the developing economies of the world. On … the supply side of labor markets, we discuss key features of the interrelations between population growth and the labor … force. These include the lags between population growth and labor force participation; the independent effects on labor …
Persistent link: https://www.econbiz.de/10013309249
This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries. Using a simple empirical framework that places little a priori structure on the pattern of response to shocks, we find the data are consistent with the view that employment in...
Persistent link: https://www.econbiz.de/10013220400
instead to demand factors as the main force behind the strong positive comovement between output and labor input measures …
Persistent link: https://www.econbiz.de/10014070135
Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a decomposition of the two series into technology and non-technology components. The picture that emerges is hard to reconcile with the predictions of the standard Real Business Cycle...
Persistent link: https://www.econbiz.de/10013246500
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10013096857
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional...
Persistent link: https://www.econbiz.de/10012856527
Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output and inflation. We argue here, in the spirit of Bils and Kahn (2000), that the behavior of marginal cost over the cycle is...
Persistent link: https://www.econbiz.de/10012757994
We study preferences for government action in response to layoffs resulting from different types of labor-market shocks … labor abuses in the exporting country increases the demand for trade protection by Clinton supporters but not Trump …
Persistent link: https://www.econbiz.de/10012889490
We study the effects of a positive export shock on labor allocation between the informal, microenterprise sector and … integrated provinces and for younger cohorts. We estimate the gap in labor productivity within manufacturing across the informal … and formal sectors. This gap and the aggregate labor productivity gain from the export-induced reallocation of workers …
Persistent link: https://www.econbiz.de/10013047776