Downward wage rigidity is central to many explanations of unemployment fluctuations. In
benchmark models, the wage for new hires is key, but there is limited evidence of downward …

We examine the role of technological change in explaining the large and persistent decline
in earnings following job loss. Using detailed skill requirements from the near universe of …

Using a dataset of 15 million UK job adverts from a recruitment website, we construct new
economic statistics measuring labour market demand. These data are 'naturally occurring' …

Economists and statisticians are increasingly confronted with new data sources, often
produced by private companies as part of their business operations, which may be useful for …

Mismatch in the labour market has been implicated as a driver of the UK's productivity
'puzzle', the phenomenon describing how the growth rate and level of UK productivity have …

Over the past fifteen years, eleven states have restricted employers' access to the credit
reports of job applicants. We estimate that county-level job vacancies have fallen by 5.5% in …

The job openings-to-employment ratio (JOE), defined as the number of job postings divided
by the employment level, is among the strongest known predictors of the equity premium …

This paper presents an example of converting naturally occurring1 data into economic
statistics for use in research and analysis. The raw data consist of millions of individual job …

I estimate the impact of online job boards on the geography of labour markets. I find that the
US cities with earlier access to online recruitment experienced an increase in migration …

The falling labor share lowers the sensitivity of unemployment to labor demand shocks,
regardless of whether rising capital or rising rents govern the labor share. The peak-to …