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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Labor Markets and Business Cycles
Author: 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.
Labor Statistics Measurement Issues
Author: John Haltiwanger
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 494
ISBN-13: 0226314596
DOWNLOAD EBOOKRapidly changing technology, the globalization of markets, and the declining role of unions are just some of the factors that have led to dramatic changes in working conditions in the United States. Little attention has been paid to the difficult measurement problems underlying analysis of the labor market. Labor Statistics Measurement Issues helps to fill this gap by exploring key theoretical and practical issues in the measurement of employment, wages, and workplace practices. Some of the chapters in this volume explore the conceptual issues of what is needed, what is known, or what can be learned from existing data, and what needs have not been met by available data sources. Others make innovative uses of existing data to analyze these topics. Also included are papers examining how answers to important questions are affected by alternative measures used and how these can be reconciled. This important and useful book will find a large audience among labor economists and consumers of labor statistics.
Job Reallocation, Employment Fluctuations and Unemployment
Author: Dale Mortensen
Publisher:
Published: 1999
Total Pages: 84
ISBN-13:
DOWNLOAD EBOOKNBER Macroeconomics Annual 2005
Author: Kenneth S. Rogoff
Publisher: MIT Press
Published: 2006-04
Total Pages: 479
ISBN-13: 0262072726
DOWNLOAD EBOOKThe 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates.
Equilibrium Unemployment Theory, second edition
Author: Christopher A. Pissarides
Publisher: MIT Press
Published: 2000-03-02
Total Pages: 273
ISBN-13: 0262264064
DOWNLOAD EBOOKThis book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
Job Creation and Job Destruction in the Theory of Unemployment
Author: Dale Mortensen
Publisher:
Published: 1993
Total Pages: 58
ISBN-13:
DOWNLOAD EBOOKThe Cyclical Behavior of Short-term and Long-term Job Flows
Author: Andrew Figura
Publisher:
Published: 2002
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKMeasuring Entrepreneurial Businesses
Author: John Haltiwanger
Publisher: University of Chicago Press
Published: 2017-09-21
Total Pages: 488
ISBN-13: 022645407X
DOWNLOAD EBOOKMeasuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Producer Dynamics
Author: Timothy Dunne
Publisher: University of Chicago Press
Published: 2009-05-15
Total Pages: 623
ISBN-13: 0226172570
DOWNLOAD EBOOKThe Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.
