1# Library to Find Best eBook for Read
Author : Juuso Vanhala
Release : 2007
Genre :
Kind : eBook
Book Rating : 727/5 ( reviews)
Book Synopsis Essays on Labor Market Frictions, Technological Change and Macroeconomic Fluctuations by : Juuso Vanhala
Download or read book Essays on Labor Market Frictions, Technological Change and Macroeconomic Fluctuations written by Juuso Vanhala. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donna K. Ginther
Release : 2012-12-06
Genre : Business & Economics
Kind : eBook
Book Rating : 256/5 ( reviews)
Book Synopsis Technology, Growth, and the Labor Market by : Donna K. Ginther
Download or read book Technology, Growth, and the Labor Market written by Donna K. Ginther. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Technology, Growth, and the Labor Market brings together research by economists from academia and the Federal Reserve System. The first section of the volume includes discussions by monetary policymakers with firsthand experience in determining how technology affects productivity, inequality, and macroeconomic growth. Papers in the second section discuss the sources of the surge in labor productivity growth during the latter half of the 1990s and present forecasts of labor productivity growth rates during the next few years. In the third section, the papers focus on the role of technological advances in changes in earnings inequality in the labor market. The authors examine whether inequality should be viewed as a causal result of skill-biased technological change or whether there is a missing link - or perhaps no link - between changes in technology and changes in wage inequality. The final section explores the relationships between computer investment, worker skills, human resource practices, and productivity at the industry and firm levels.
Author : David Wonyoung Jang
Release : 2023
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Essays on Labor Market Frictions and Worker Productivity by : David Wonyoung Jang
Download or read book Essays on Labor Market Frictions and Worker Productivity written by David Wonyoung Jang. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation examines how labor market adjustment happens in times of economic downturns or policy changes. Chapter 1 analyzes how the contribution of intensive margin adjustments to the cyclical fluctuations in total hours worked has increased in the US since the 1980s. I document that the job tenure length has increased during this period and labor hours adjustments in recessions are more prominent in economies with higher job tenure lengths. I build a search-and-matching model with part-time workers and job-specific human capital accumulation. With the model, I claim that the improvement in initial match quality can account for the increased use of intensive margin adjustments along the business cycle. A policy simulation shows that subsidizing intensive margin adjustments via Short-time compensation (STC) policy is more effective in reducing unemployment volatility when the initial match productivities are higher and job separations are lower. Chapter 1 explored the impact of job-specific human capital on intensive margin adjustments, while Chapter 2 examines the role of ex-ante worker heterogeneity. Chapter 2 finds that the pool of IPT workers increasingly consists of high-wage workers who are more attached to the labor market during recessions. According to the microdata from the Current Population Survey, this cyclical change is driven by the inflows into the IPT pool, especially the full-time to IPT flow. The demographic compositional changes of the IPT pool in recessions suggest a new channel through which the intensive margin adjustments can affect aggregate unemployment fluctuations by driving up firms' hiring standards during economic downturns. Chapter 3 focuses on a natural experiment in Oregon and Florida that changed the enforceability of non-compete agreements (NCA) between firms and workers. Using the experiment, I find that banning NCA can have a negative consequence on low-wage workers and an unintentional distributional impact. The unemployment duration increases after the ban which exacerbates the loss of general human capital of unemployed workers. I propose the crowding out effect of unemployed workers due to the ban can cause what I observe in the data and the potential cost of banning NCA for workers. Together, these chapters provide insights into different aspects of labor market dynamics, highlighting the importance of initial match quality, worker heterogeneity, and policy implications for labor market institutions
Author : Robert E. Hall
Release : 1998
Genre : Labor market
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Labor-market Frictions and Employment Fluctuations by : Robert E. Hall
Download or read book Labor-market Frictions and Employment Fluctuations written by Robert E. Hall. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt: The labor market occupies center stage in modern theories of fluctuations. The most important phenomenon to explain and understand in a recession is the sharp decline in employment and jump in unemployment. This chapter for the Handbook of Macroeconomics considers explanations based on frictions in the labor market. Earlier research within the real business cycle paradigm considered frictionless labor markets where fluctuations in the volume of work effort represented substitution by households between work in the market and activities at home. A preliminary section of the chapter discusses why frictionless models are incomplete they fail to account for either the magnitude or persistence of fluctuations in employment. And the frictionless models fail completely to describe unemployment. The evidence suggests strongly that consideration of unemployment as a third use of time is critical for a realistic model. The two elements of a theory of unemployment are a mechanism for workers to lose or leave their jobs and an explanation for the time required for them to find new jobs. Theories of mechanism design or of continuous re-bargaining of employment terms provide the first. The theory of job search together with efficiency wages and related issues provides the second. Modern macro models incorporating these features come much closer than their predecessors to realistic and rigorous explanations of the magnitude and persistence of fluctuations.
Author : Guanyi Yang
Release : 2018
Genre : Labor market
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Essays on Labor Market Frictions and Macroeconomic Welfare by : Guanyi Yang
Download or read book Essays on Labor Market Frictions and Macroeconomic Welfare written by Guanyi Yang. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 2 studies frictions in firm's hiring and firing decisions in an environment with dual labor markets. More firms execute employment decisions in two labor markets: a permanent (regular) market with firing costs and a frictionless temporary labor market. This paper studies the employment response of firms to heightened idiosyncratic risk and firing rigidity. Rising firing rigidity in the regular market and heightened risks reduce employment and output, which creates large welfare loss. By introducing a temporary labor market, firms switch from regular employment to temporary employment and reduce total employment loss. Thus, temporary employment creates a buffer for firms' employment decisions and for the economy's welfare. However, it cannot fully compensate the efficiency cost from rising firing cost and risk.
