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Depression ; expectations ; deflation ; zero bound ; liquidity trap …
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Using linked employer-employee data, I compute firm-level measures of the labor supply elasticity facing each private non-farm firm in the US. I provide the first direct evidence of the positive relationship between a firm's labor supply elasticity and the earnings of its workers. I also...
Persistent link: https://www.econbiz.de/10009730795
This paper evaluates the impact of slowing economic growth on labor market dynamism and misallocation. It provides a model of endogenous growth via imitation in a frictional labor market. The framework accounts for rich data on worker job-to-job transitions as well as stochastic and lifecycle...
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has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common … facilitate the closure of non-viable firms, whose survival hampers the growth of viable firms in Japan. This would also increase … the 2017 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/economic-survey-japan.htm) …
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This paper highlights exchange-traded funds (ETF) purchases conducted by the Bank of Japan under Quantitative and …
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