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Where Have All the Workers Gone? Recalls, Retirements, and Reallocation in the COVID Recovery

Forsythe, Eliza; Kahn, Lisa B.; Lange, Fabian; Wiczer, … - National Bureau of Economic Research - 2022

At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...

Persistent link: https://www.econbiz.de/10013362041

Household vs. Personal Accounts of the U.S. Labor Market, 1965-2000

Mulligan, Casey B. - 2004

The empirical labor supply literature includes some simple aggregate studies, and some individual-level studies explicitly accounting for heterogeneity and the discrete choice, but sometimes leaving open the ultimately aggregate questions that motivated the study. As a middle ground, we...

Persistent link: https://www.econbiz.de/10012468374

The Global Life-Cycle Optimizer – Analyzing Fiscal Policy's Potential to Dramatically Distort Labor Supply and Saving

Brumm, Johannes; Kotlikoff, Laurence J.; Krause, Christopher - National Bureau of Economic Research - 2024

Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the Global Life-Cycle Optimizer (GLO), a stochastic...

Persistent link: https://www.econbiz.de/10014528375

Social security programs and retirement around the world : the relationship to youth employment

Gruber, Jonathan (ed.); Wise, David A. (contributor) - 2010

social security incentives on retirement behavior in Belgium, Canada, Denmark, France, Germany, Italy, Japan, The Netherlands …

Persistent link: https://www.econbiz.de/10003851427

Labor Market Search and Optimal Retirement Policy

Bhattacharya, Joydeep - 2001

retirement and hence creating job vacancies for the young, improve the allocation of workers to jobs in the labor market? Using a … standard model of labor market search, we establish that the equilibrium with no policy-induced retirement can be efficient …. Even under worst-case parameterizations of our model, we find that public retirement programs pay the elderly substantially …

Persistent link: https://www.econbiz.de/10012470125

Is There Monopsony in the Labor Market? Evidence from a Natural Experiment

Staiger, Douglas - 1999

A variety of recent theoretical and empirical advances have renewed interest in monopsonistic models of the labor market. However, there is little direct empirical support for these models, even in labor markets that are textbook examples of monopsony. We use an exogenous change in wages at...

Persistent link: https://www.econbiz.de/10012471532

The Labor Market Effects of Introducing National Health Insurance : Evidence from Canada

Gruber, Jonathan - 1993

While National Health Insurance (NHI) plans in the U.S. are often opposed on the basis of their potential disemployment effects, there is no existing evidence on the effects of NHI on employment. We provide such evidence by examining the employment consequences of NHI in Canada, using the fact...

Persistent link: https://www.econbiz.de/10012474351

New Methods for Estimating Labor Supply Functions : A Survey

Heckman, James J. - 1982

This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables

Persistent link: https://www.econbiz.de/10012478253

How Much of Barrier to Entry is Occupational Licensing?

Blair, Peter Q. - 2018

We exploit state variation in licensing laws to study the effect of licensing on occupational choice using a boundary discontinuity design. We find that licensing reduces equilibrium labor supply by an average of 17%-27%. The negative labor supply effects of licensing appear to be strongest for...

Persistent link: https://www.econbiz.de/10012480913

Labor Market Status of Older Males in the United States, 1880-1940

Lee, Chulhee - 2003

how the extent of pressure toward retirement varied across different occupations, and how it changed over time. A … comparison of hazard of retirement across occupations shows that men who had better occupations in terms of economic status and … that retirement was more voluntary than forced as early as a century ago. The difficulty faced by older workers in the …

Persistent link: https://www.econbiz.de/10012469150

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