Results 31 to 40 of about 82,547 (49)
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Automation, Bargaining Power, and Labor Market Fluctuations
American Economic Journal: MacroeconomicsWe argue that the threat of automation weakens workers’ bargaining power in wage negotiations, dampening wage adjustments and amplifying unemployment fluctuations.
S. Leduc, Zheng Liu
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Job Displacement and Earnings Losses: The Role of Joblessness
American Economic Journal: MacroeconomicsA large literature finds that workers displaced in mass layoffs experience persistent earnings losses. We find that the earnings penalty from job displacement is mediated by the length of the jobless spell after displacement.
Bruce Fallick +3 more
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The Geography of Consumption and Local Economic Shocks: The Case of the Great Recession
American Economic Journal: MacroeconomicsWe estimate across-county spending flows between firms and consumers for every county in the United States, providing a new consumption link that has not been studied previously.
Abe Dunn, M. Gholizadeh
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Uncertainty Shocks, Adjustment Costs, and Firm Beliefs: Evidence from a Representative Survey
American Economic Journal: MacroeconomicsThis paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts managers from a representative firm sample with a model-consistent uncertainty shock scenario.
Andreas Dibiasi +2 more
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Monetary Cooperation during Global Inflation Surges
The American Economic ReviewWe study optimal monetary policy during times of global scarcity of tradable goods. The optimal monetary response entails a surge in inflation, which helps rebalance production toward the tradable sector.
Luca Fornaro, F. Romei
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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data
The American Economic Review, 2019Using administrative payroll data from the largest US payroll processing company, we measure the extent of nominal wage rigidity in the United States.
J. Grigsby, Erik Hurst, Ahu Yildirmaz
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Temporary Layoffs, Firm Entry and Exit Dynamics, and Aggregate Fluctuations
American Economic Journal: MacroeconomicsWe build a model to study how the countercyclicality of temporary layoffs affects unemployment, firm entry and exit, and macroeconomic fluctuations. The model can quantitatively generate the rich cyclical dynamics of temporary layoffs, unemployment, and ...
S. Chugh, Alan Finkelstein Shapiro
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Market Size, Innovation, and the Economic Effects of an Epidemic
Social Science Research NetworkWe develop a framework for the analysis of the economic effects of an epidemic that incorporates firm-specific innovation and endogenous entry. Transition dynamics is characterized by two differential equations describing the evolution of the mass of ...
D. Ferraro, P. Peretto
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Downward Rigidity in the Wage for New Hires
Social Science Research NetworkWage rigidity is an important explanation for unemployment fluctuations. In benchmark models wages for new hires are key, but there is limited evidence on this margin.
Jonathon Hazell, Bledi Taska
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The Indian Economic Journal
The roots of pro-poor growth or growth with employment generation can be strengthened by subscribing to policies that promote the provisioning of physical, health and educational infrastructure and encourage the population to acquire better skills and ...
Arup Mitra
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The roots of pro-poor growth or growth with employment generation can be strengthened by subscribing to policies that promote the provisioning of physical, health and educational infrastructure and encourage the population to acquire better skills and ...
Arup Mitra
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