Las correlaciones de la productividad del trabajo con el output, el total de horas trabajadas, las vacantes y el desempleo han cambiado desde 1980 en Estados Unidos. En este trabajo se propone una explicación para estos y otros cambios en las fluctuaciones de las variables laborales basado en...

We study the size of fiscal multipliers in response to a government spending shock under different household leverage conditions in a general equilibrium setting with search and matching frictions. We allow for different levels of household indebtedness by changing the intensive margin of...

En este trabajo identificamos seis tipos de hogares en Estados Unidos en función de la composición de su balance financiero en el Panel Survey of Income Dynamics. Desde 1999 se observa una acusada disminución en la proporción de hogares ahorradores y un aumento en la proporción de hogares...

It is standard in the literature on training to use wages as a sufficient statistic for productivity. But there are many reasons why wages and productivity may diverge. This paper is part of a smaller literature on the effects of work-related training on direct measures of productivity. We...

Accurate estimates of the extent of ethnic parity amongst benefit claimants are very important for policymakers who provide interventions for these groups. We use new administrative data on benefit claimants in Great Britain to document differences in labour market outcomes between Ethnic...

Accurate estimates of the extent of ethnic parity amongst benefit claimants are very important for policymakers who provide interventions for these groups. We use new administrative data on benefit claimants in Great Britain to document differences in labour market outcomes between Ethnic...