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Essays In Macro Labor Economics
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Book Synopsis Essays in Macro-Labor Economics by : Joo-Hyung Shin
Download or read book Essays in Macro-Labor Economics written by Joo-Hyung Shin and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the model, the longer unemployment spells are due to the unemployed trained workers, whose human capital has become more specific to their previous occupation, choosing not to switch occupations. If they switch occupations, they could quickly end their unemployment spell. This would however come at the cost of larger wage cuts because their human capital has become less transferable to a different occupation. Occupation switchers would also have to earn these lower wages for a longer period of time until they become trained in their new occupation. Hence, despite a low probability of getting reemployed in the same occupation as before, previously trained workers increasingly choose not to switch occupations, which increases the average unemployment duration.
Book Synopsis Essays in Macro-labor Economics by : Roong Poshyananda
Download or read book Essays in Macro-labor Economics written by Roong Poshyananda and published by . This book was released on 1995 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Macro-labor Economics by : Trung Duong Minh Ly
Download or read book Essays in Macro-labor Economics written by Trung Duong Minh Ly and published by . This book was released on 2019 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Macro and Labor Economics by : David Geoffrey Wiczer
Download or read book Essays in Macro and Labor Economics written by David Geoffrey Wiczer and published by . This book was released on 2013 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Macro and Labor Economics by : Karl Whelan
Download or read book Essays in Macro and Labor Economics written by Karl Whelan and published by . This book was released on 1997 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Markets in Action by : Richard Barry Freeman
Download or read book Labor Markets in Action written by Richard Barry Freeman and published by . This book was released on 1989 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Four Essays in Empirical Macro and Labor Economics by : Michael Patrick Keane
Download or read book Four Essays in Empirical Macro and Labor Economics written by Michael Patrick Keane and published by . This book was released on 1990 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Critical Essay on Modern Macroeconomic Theory by : Frank Hahn
Download or read book A Critical Essay on Modern Macroeconomic Theory written by Frank Hahn and published by MIT Press. This book was released on 1997 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
Book Synopsis Diverse Essays in Labor Economics by : Catherine Jean Weinberger
Download or read book Diverse Essays in Labor Economics written by Catherine Jean Weinberger and published by . This book was released on 1993 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Labor Economics by : Eksten Itay Saporta
Download or read book Essays in Labor Economics written by Eksten Itay Saporta and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies micro and macro consumption and labor supply behavior. The first two essays study the response of consumption to income shocks and to job loss events, and draw implications to social insurance design. The last two essays turn to the macro picture, studying the behavior of aggregate consumption in the Great Recession, and exploring sources of the high unemployment observed during and in the aftermath of the Great Recession. The first essay is motivated by the documented empirical fact that job loss is associated with both pre- and post-job loss declines in hourly wages and earnings. Using recent data from the Panel Study of Income Dynamics, I show that consumption dynamics mirror these wage dynamics. To account for the consumption dynamics in the data I introduce a correlation between individual hourly wages and job loss into a life-cycle model with self insurance (through savings), social insurance, and endogenous unemployment durations. I find that this model is able to replicate the joint dynamics of wages, job loss and consumption that we observe in the data. I then show that accounting for the correlation between wages and job loss has important implications for the optimal design of unemployment insurance (UI). The consumption smoothing benefits of unemployment insurance are larger, and the cost of insurance lower, than suggested when this correlation is absent. Thus, while a model that assumes away these correlations yields optimal UI replacement rates close to zero, a model that incorporates the correlations predicts optimal rates of 0.54, slightly higher than the current US level. In the second essay we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We focus on the importance of family labor supply as an insurance mechanism to wage shocks and find strong evidence of smoothing of male's and female's permanent shocks to wages. Once family labor supply, assets and taxes are properly accounted for there is little evidence of additional insurance. In the third essay we review the evidence on changes in consumer spending during the Great Recession. We point out three distinctive features of consumption in the Great Recession. First, the drop in consumption was deep and persistent. Consumption per capita fell monotonically throughout the recession showing an overall decline greater than 4 percent from peak to trough. Spending on nondurables and (especially) services fell significantly compared to previous recessions. Second, consumption fell more than disposable income, partly as a result of an increase in government transfers to households. Third, the varying impact the recession has had across age, race, education and wealth groups resulted in a decline in consumption inequality. The last essay studies the role of geographic mobility in explaining the high levels of unemployment during and after the Great Recession. We find that the effect of mobility is always small: Using pre-recession mobility rates, decreased mobility can account for only an 11 basis points increase in the unemployment rate over the period. Using dynamics of renter geographical mobility in this period to calculate homeowner counterfactual mobility, delivers similar results. Using the highest mobility rate observed in the data, reduced mobility accounts for only a 33 basis points increase in the unemployment rate.
Book Synopsis Three Essays in Labor Economics by : Shintaro Yamaguchi
Download or read book Three Essays in Labor Economics written by Shintaro Yamaguchi and published by . This book was released on 2006 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Macroeconomic Implications of Financial and Labor Markets and Political Processes by : Karl Brunner
Download or read book Essays on Macroeconomic Implications of Financial and Labor Markets and Political Processes written by Karl Brunner and published by . This book was released on 1984 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on the Macroeconomic Effects of Labor Market Rigidities by : Andrea De Michelis
Download or read book Essays on the Macroeconomic Effects of Labor Market Rigidities written by Andrea De Michelis and published by . This book was released on 2003 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Macroeconomics and Labor Economics by : Moritz Drechsel-Grau
Download or read book Essays in Macroeconomics and Labor Economics written by Moritz Drechsel-Grau and published by . This book was released on 2021* with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Labor Economics by : Sepehr Moghareh Abed
Download or read book Essays in Labor Economics written by Sepehr Moghareh Abed and published by . This book was released on 2017 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays in labor economics which are self-contained and can be read independently of the others. The first essay investigates the existence of unemployment hysteresis effect in two different educational levels: high school or lower and college and higher. The study employs a panel analysis of non-stationary in idiosyncratic and common components (PANIC) model to compare the stochastic nature of unemployment in the two groups. The second essay measures the mismatch unemployment in the US economy. It improves an existing model in the literature and creates a mismatch index and measures the unemployment added by the mismatch in the economy over the time. The third essay studies the quit behavior of workers in the US industries and researches the role of nominal industry wages and aggregate wages in workers' quitting decisions.
Book Synopsis Employment, Wages and Income Distribution by : Kurt W Rothschild
Download or read book Employment, Wages and Income Distribution written by Kurt W Rothschild and published by Routledge. This book was released on 2006-06-28 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst there is widespread agreement about the goals of economic policy, consensus about how best to achieve them can be harder to achieve. No issues are more contentious than employment and income distribution. In recent years full employment and a just distribution of incomes have been downgraded as policy objectives, as greater priority has been given to price stability and balance of payments objectives. This emphasis has been supported by a mainstream economic theory which has an unswerving belief in the ability of market forces to achieve a satisfactory regulation of employment and income distribution Other economists have remained more sceptical, and none more so than Kurt Rothschild. This new volume collects together his twenty two most important essays in the area, many of which are appearing in English for the first time. Throughout pure theory is linked to relevant practical investigations.
Book Synopsis Essays in Labor Economics by : Chen Huang
Download or read book Essays in Labor Economics written by Chen Huang and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: