Results 1 to 10 of about 82,547 (49)
The Costs of Job Displacement over the Business Cycle and Its Sources: Evidence from Germany
Social Science Research Network, 2022 We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns.
Johannes F. Schmieder +2 more
semanticscholar +1 more source
Trade, Migration, and Productivity: A Quantitative Analysis of China
The American Economic Review, 2019 We study how goods- and labor-market frictions affect aggregate labor productivity in China. Combining unique data with a general equilibrium model of internal and international trade, and migration across regions and sectors, we quantify the magnitude ...
Trevor Tombe, Xiaodong Zhu
semanticscholar +1 more source
The Effect of Population Aging on Economic Growth, the Labor Force, and Productivity
American Economic Journal: Macroeconomics, 2016 Population aging is expected to slow US economic growth. We use variation in the predetermined component of population aging across states to estimate the impact of aging on growth in GDP per capita for 1980–2010. We find that each 10 percent increase in
Nicole Maestas +2 more
semanticscholar +1 more source
Some Causal Effects of an Industrial Policy
The American Economic Review, 2019 We exploit changes in the area-specific eligibility criteria for a program to support jobs through investment subsidies. European rules determine whether an area is eligible for subsidies, and we construct instrumental variables for area eligibility ...
Chiara Criscuolo +3 more
semanticscholar +1 more source
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
American Economic Journal: Macroeconomics, 2019 We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous
D. Anzoategui +3 more
semanticscholar +1 more source
Consumer Spending during Unemployment: Positive and Normative Implications
The American Economic Review, 2019 Using de-identified bank account data, we show that spending drops sharply at the large and predictable decrease in income arising from the exhaustion of unemployment insurance (UI) benefits.
P. Ganong, P. Noel
semanticscholar +1 more source
The Formation of Expectations, Inflation, and the Phillips Curve
Journal of Economic Literature, 2018 This paper argues for a careful (re)consideration of the expectations formation process and a more systematic inclusion of real-time expectations through survey data in macroeconomic analyses.
Olivier Coibion +2 more
semanticscholar +1 more source
The Matching Multiplier and the Amplification of Recessions
The American Economic Review, 2023 This paper shows that the unequal incidence of recessions in the labor market amplifies aggregate shocks. Using administrative data from the United States, I document a positive covariance between workers' marginal propensities to consume (MPCs) and ...
Christina Patterson
semanticscholar +1 more source
The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?
American Economic Journal: MacroeconomicsWe measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the variation induced by Congress' failure in December 2013 to reauthorize the unprecedented benefit extensions introduced during the Great ...
Marcus Hagedorn, I. Manovskii, K. Mitman
semanticscholar +1 more source
Robots and Workers: Evidence from the Netherlands
Social Science Research Network, 2023 We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020.
D. Acemoglu, H. Koster, Ceren Ozgen
semanticscholar +1 more source