The Cyclical Behavior of Job Creation and Job Destruction
Author: Jeremy Greenwood
Publisher: London, Ont. : Department of Economics, University of Western Ontario
Published: 1994
Total Pages: 42
ISBN-13:
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Author: Jeremy Greenwood
Publisher: London, Ont. : Department of Economics, University of Western Ontario
Published: 1994
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKAuthor: Dale T. Mortensen
Publisher:
Published: 1992
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew Figura
Publisher:
Published: 2002
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: Dale Mortensen
Publisher:
Published: 1993
Total Pages: 58
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DOWNLOAD EBOOKAuthor: Steven J. Davis
Publisher:
Published: 1991
Total Pages: 64
ISBN-13:
DOWNLOAD EBOOKThis study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate at which jobs are reallocated across plants. Our measurement efforts enable us to quantify the connection between job reallocation and worker reallocation, to evaluate theories of heterogeneity in plant-level employment dynamics, and to establish new results related to the cyclical behavior of the labor market.
Author: Jeremy Greenwood
Publisher:
Published: 1995
Total Pages: 21
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert Shimer
Publisher: Princeton University Press
Published: 2010-04-12
Total Pages: 189
ISBN-13: 1400835232
DOWNLOAD EBOOKLabor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
Author: Steven J. Davis
Publisher: Springer Science & Business
Published: 1996
Total Pages: 296
ISBN-13: 9780262540933
DOWNLOAD EBOOKUsing the Longitudinal Research Data constructed by the Census Bureau, focuses on the U.S. manufacturing sector from 1972 to 1988 and develops a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers. Describes in detail the relationship between job creation and destruction and employer characteristics, including the relationship of job creation to employer size, industry, wage level, and productivity performance.
Author: John Andrew Figura
Publisher:
Published: 2002
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKAuthor: Christian Belzil
Publisher:
Published: 1997
Total Pages: 32
ISBN-13:
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