Tag Archives: Labor

Moving to Opportunity? Migratory Insurance over the Great Recession

From Danny Yagan: Over the Great Recession, the employment rate in some U.S. cities declined by more than twice the aggregate decline. To what extent did the ability to migrate insure workers against these idiosyncratic local shocks? I answer this … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

The Impact of Immigration on Wages, Internal Migration and Welfare

From Suphanit Piyapromdee: Over the past few decades, the number of immigrants entering the U.S. has increased substantially. The local impacts of immigration may differ from national impacts since some cities attract more immigrants. Even within a city, workers may be … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Macroeconomic Determinants of Retirement Timing

From Yuriy Gorodnichenko, Jae Song, and Dmitriy Stolyarov: We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Who Benefits from Technological Change?

Given recent concern about technological change and how it is wrecking the middle class, I thought I’d share a simple illustration of what classical economic models* imply about the relationship between productivity growth and the returns to workers and capital owners. … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

Links for Today: Heckman on Head Start and Mian & Sufi SF Fed paper

1. Heckman on early childhood education 2. Mian and Sufi: Aggregate Demand and State-Level Employment   

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

The Economics of Immigration

Given the interest and policy relevance (as well as Miles Kimball’s immigration tweet day), I thought I’d write a post on the theory and empirics of the effects of immigration in the labor market. A simple starting point for thinking … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | 2 Comments

Do Dividend Tax Cuts Increase Investment and Hiring?

Abstract: Policymakers frequently propose to use capital tax reform to stimulate investment and increase labor earnings. This paper tests for such real impacts of the 2003 dividend tax cut – one of the largest reforms ever to a U.S. capital … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Hysteresis & the Unemployment Problem

Summers and Blanchard have a paper on Hysteresis in Europe in the 1980s in which they discuss three main potential causes of hysteresis, which is a very high dependence of current employment on past unemployment. The three causes are (1) physical … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | 1 Comment

Policy Implications of the Rise of Robots

After the forum that I posted about yesterday, there was a Q&A with Larry Summers. I asked him about the policy implications of living in a world of “Doers” and whether that should change how we think about pro-capital vs … Continue reading

Video | Posted on by | Tagged , , , , , , | 1 Comment

The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis

Gabe Chodorow-Reich, who is also a coauthor on one of the more compelling studies showing that the stimulus was effective at creating jobs, has a job market paper on the link between conditions on wall street and employment on main street. When … Continue reading

Posted in Uncategorized | Tagged , , , , , | 1 Comment