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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
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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
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The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?
Manovskii, Iourii; Hagedorn, Marcus; Mitman, Kurt - National Bureau of Economic Research (NBER) - 2015
We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision …
Persistent link: https://www.econbiz.de/10011133502
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Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects
Manovskii, Iourii; Hagedorn, Marcus; Karahan, Fatih; … - National Bureau of Economic Research (NBER) - 2013
We exploit a policy discontinuity at U.S. state borders to identify the labor market implications of unemployment …, and a rise in unemployment. …
Persistent link: https://www.econbiz.de/10011133516
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The Cyclicality of the Opportunity Cost of Employment
Chodorow-Reich, Gabriel; Karabarbounis, Loukas - National Bureau of Economic Research (NBER) - 2013
The flow opportunity cost of moving from unemployment to employment consists of foregone public benefits and the … business cycle. The estimated cyclicality implies far less unemployment volatility in many leading models of the labor market …
Persistent link: https://www.econbiz.de/10011265428
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Equilibrium Labor Turnover, Firm Growth and Unemployment
Mortensen, Dale T.; Coles, Melvyn G. - National Bureau of Economic Research (NBER) - 2012
from less to more productive firms. As a further implication of the cost structure assumed, endogenous firm size growth is …
Persistent link: https://www.econbiz.de/10011227929
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Mismatch Unemployment
topa, giorgio; Şahin, Ayşegül; Song, Joseph; … - National Bureau of Economic Research (NBER) - 2012
unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …
Persistent link: https://www.econbiz.de/10011119819
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Labor Market Polarization Over the Business Cycle
Foote, Christopher Lee; Ryan, Richard W. - National Bureau of Economic Research (NBER) - 2015
Job losses during the Great Recession were concentrated among middle-skill workers, the same group that over the long run has suffered the most from automation and international trade. How might long-run occupational polarization be related to cyclical changes in middle-skill employment? We find...
Persistent link: https://www.econbiz.de/10011207907
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The Labor Market Effects of Reducing the Number of Illegal Immigrants
Peri, Giovanni; Chassamboulli, Andri - National Bureau of Economic Research (NBER) - 2014
-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low …
Persistent link: https://www.econbiz.de/10011212282
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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