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Aggregate Earnings and Macroeconomic Shocks: The Role of Labour Market Policies and Institutions
employment fluctuations business-cycle EPL tax wedge unemployment benefits
2012/10/19
I examine the effect of labour market policies and institutions on the transmission of
macroeconomic shocks to the labour market, using both aggregate and industry-level annual
data for 23 OECD coun...
Aggregate Impacts of a Gift of Time
time use household production demand shock macroeconomic effects
2012/10/18
How would people spend additional time if confronted by permanent declines in market work? We examine the impacts of cuts in legislated standard hours that raised employers' overtime costs in Japan ar...
Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries
middle-income countries labor markets recession
2012/10/24
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the imp...
The Aggregate Effects of Trade and Migration: Evidence from OECD Countries
international migration trade income geography
2012/10/31
Two large but separate bodies of literature analyze the economic effects of international trade and immigration. Given that several factors are important determinants of both trade and migration flows...
Occupational Choice, Aggregate Productivity, and Trade
intra-industry trade heterogeneous productivities firm selection occupational choice
2012/11/1
We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the...
Minu, Startu and All That: Pitfalls in Estimating the Sensitivity of a Worker's Wage to Aggregate Unemployment
wage cyclicality unemployment
2012/11/1
In this paper we show that panel estimates of tenure specific sensitivity to the business cycle of wages is subject to serious pitfalls. Three canonical variates used in the literature – the minimum u...
Japan and Her Dealings with Offshoring: An Empirical Analysis with Aggregate Data
offshoring Japan employment productivity
2012/11/1
First moves towards a real understanding of offshoring date back to very recent times. In particular for Japan, the studies conducted so far focus alone on the productivity effects of offshoring at th...
Aggregate Effects in Local Labor Markets of Supply and Demand Shocks
Aggregate Effects Local Labor Markets Supply and Demand Shocks
2009/11/5
This paper estimates and simulates a model with several types of labor, using data from the Current Population Survey on state labor markets. The simulations suggest that forcing more disadvantaged pe...
The aggregate structure of the economy
foreign trade gross national product population growth
2009/5/12
Improved foreign trade and productivity, as well as a continuing emphasis on services, mark the outlook for the coming decade as gross national product growth slows because of a decline in population ...
Possible measurement bias in aggregate productivity growth
productivity growth measurement bias
2009/4/16
By examining industry multifactor productivity in more detail, researchers can gain new insights into the hypothesis of measurement bias in aggregate output and productivity. This article sheds some ...
Aggregate productivity trends were revised upward; it is now less clear whether bias exists, but some industries continue to show negative multifactor productivity trends.
Employment Adjustment in Portugal: Evidence from Aggregate and Firm Data
Employment adjustment employment protection labor demand
2013/10/18
This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is ...
Aggregate-Level Migration Studies as a Tool for Forecasting Future Migration Streams
Demographic Structure Variance Components GMM
2013/10/17
Assessing the migration potential and predicting future migration streams are among the most relevant, yet least well understood topics of migration research. The usual approach taken to address aggre...