Reconciling micro and macro labor supply elasticities: A structural perspective
M Keane, R Rogerson - Annu. Rev. Econ., 2015 - annualreviews.org
The response of aggregate labor supply to various changes in the economic environment is
central to many economic issues, including the optimal design of tax policies. Whereas the …
central to many economic issues, including the optimal design of tax policies. Whereas the …
What do data on millions of US workers reveal about lifecycle earnings dynamics?
We study individual male earnings dynamics over the life cycle using panel data on millions
of US workers. Using nonparametric methods, we first show that the distribution of earnings …
of US workers. Using nonparametric methods, we first show that the distribution of earnings …
Are the long-term unemployed on the margins of the labor market?
Long-term transition rates calculated from the Current Population Survey, the Survey of
Income and Program Participation, and Rutgers University's Work Trends Survey indicate …
Income and Program Participation, and Rutgers University's Work Trends Survey indicate …
On the importance of the participation margin for labor market fluctuations
Conventional analyses of labor market fluctuations ascribe a minor role to labor force
participation. We show, by contrast, that flows-based analyses imply that the participation …
participation. We show, by contrast, that flows-based analyses imply that the participation …
Labour-market matching with precautionary savings and aggregate fluctuations
Abstract We analyse a Bewley-Huggett-Aiyagari incomplete-markets model with labour-
market frictions. Consumers are subject to idiosyncratic employment shocks against which …
market frictions. Consumers are subject to idiosyncratic employment shocks against which …
The gender unemployment gap
S Albanesi, A Şahin - Review of Economic Dynamics, 2018 - Elsevier
The gender unemployment gap, the difference between female and male unemployment
rates, was positive until the early 1980s. This gap disappeared after 1983, except during …
rates, was positive until the early 1980s. This gap disappeared after 1983, except during …
The dynamics of disappearing routine jobs: A flows approach
We use matched individual-level CPS data to study the decline in middle-wage routine
occupations during the last 40 years, and determine how the associated labor market flows …
occupations during the last 40 years, and determine how the associated labor market flows …
Towards a micro-founded theory of aggregate labour supply
We build a heterogeneous agents life cycle model that captures a large number of salient
features of individual male labour supply over the life cycle, by education, both along the …
features of individual male labour supply over the life cycle, by education, both along the …
[HTML][HTML] Involuntary unemployment and the business cycle
Can a model with limited labor market insurance explain standard macro and labor market
data jointly? We construct a monetary model in which: i) the unemployed are worse off than …
data jointly? We construct a monetary model in which: i) the unemployed are worse off than …