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Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

Hall, Robert E. - National Bureau of Economic Research (NBER) - 2014

result of lingering slackness in the labor market in the form of abnormal unemployment and substandard weekly hours of work …

Persistent link: https://www.econbiz.de/10011271437

Robots Are Us: Some Economics of Human Replacement

Kotlikoff, Laurence; Benzell, Seth G.; LaGarda, Guillermo; … - National Bureau of Economic Research (NBER) - 2015

Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...

Persistent link: https://www.econbiz.de/10011170273

An Empirical Model of Growth Through Product Innovation

Lentz, Rasmus; Mortensen, Dale T. - National Bureau of Economic Research (NBER) - 2005

Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth through innovation that explains these facts. The model is a...

Persistent link: https://www.econbiz.de/10005061559

Factor Adjustments After Deregulation: Panel Evidence from Colombian Plants

Eslava, Marcela; Haltiwanger, John; Kugler, Maurice; … - National Bureau of Economic Research (NBER) - 2005

We analyze employment and capital adjustments using plant data from the Colombian Annual Manufacturing Survey. We estimate adjustment functions for capital and labor as a non-linear function of the gaps between desired and actual factor levels, allowing for interdependence in adjustments of the...

Persistent link: https://www.econbiz.de/10005778163

Labor Market Institutions, Wages, and Investment

Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10005720060

Robots: Curse or Blessing? A Basic Framework

Sachs, Jeffrey D.; Benzell, Seth G.; LaGarda, Guillermo - National Bureau of Economic Research (NBER) - 2015

Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net...

Persistent link: https://www.econbiz.de/10011252658

Labor Market Slack and Monetary Policy

Levin, Andrew Theo; Blanchflower, David G. - National Bureau of Economic Research (NBER) - 2015

conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching … working part time who want a full-time job) and the extent of hidden unemployment (that is, people who are not actively ….S. labor market slack and show that underemployment and hidden unemployment currently account for the bulk of the U …

Persistent link: https://www.econbiz.de/10011262922

The Great Recession, Retirement and Related Outcomes

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2015

This paper uses data from the Health and Retirement Study to examine retirement and related labor market outcomes for the Early Boomer cohort, those in their mid-fifties at the onset of the Great Recession. Outcomes are then compared with older cohorts at the same age. The Great Recession...

Persistent link: https://www.econbiz.de/10011185004

The Labor Market Four Years Into the Crisis: Assessing Structural Explanations

Rothstein, Jesse - National Bureau of Economic Research (NBER) - 2012

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that "structural" impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting...

Persistent link: https://www.econbiz.de/10011188535

This Job is 'Getting Old:' Measuring Changes in Job Opportunities Using Occupational Age Structure

Autor, David; Dorn, David - National Bureau of Economic Research (NBER) - 2009

High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U. We study the reallocation of workers from middle-skill occupations towards the tails of the occupational skill distribution by analyzing changes in age structure within and...

Persistent link: https://www.econbiz.de/10005089122