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作者:Hoeffler, Jan H.
作者单位:University of Gottingen
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作者:Kozbur, Damian
作者单位:University of Zurich
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作者:Schmieder, Johannes F.; von Wachter, Till
作者单位:Boston University; University of California System; University of California Los Angeles
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作者:Scott, Erin L.; Shu, Pian
作者单位:National University of Singapore; Harvard University
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作者:Stock, Wendy A.
作者单位:Montana State University System; Montana State University Bozeman
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作者:Sukhtankar, Sandip
作者单位:University of Virginia
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作者:Cornelissen, Thomas; Dustmann, Christian; Schonberg, Uta
作者单位:University of York - UK; University of London; University College London
摘要:Existing evidence on peer effects in the productivity of coworkers stems from either laboratory experiments or real-world studies referring to a specific firm or occupation. In this paper, we aim at providing more generalizable results by investigating a large local labor market, with a focus on peer effects in wages rather than productivity. Our estimation strategy-which links the average permanent productivity of workers' peers to their wages-circumvents the reflection problem and accounts f...
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作者:Hall, Robert E.
作者单位:Stanford University
摘要:Unemployment is high when financial discounts are high. In recessions, the stock market falls and all types of investment fall, including employers' investment in job creation. The discount rate implicit in the stock market rises, and discounts for other claims on business income also rise. A higher discount implies a lower present value of the benefit of a new hire to an employer. According to the leading view of unemployment- the Diamond-Mortensen-Pissarides model-when the incentive for job ...
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作者:Pinotti, Paolo
作者单位:Bocconi University; Bocconi University
摘要:We estimate the effect of immigrant legalization on the crime rate of immigrants in Italy by exploiting an ideal regression discontinuity design: fixed quotas of residence permits are available each year, applications must be submitted electronically on specific click days, and are processed on a first come, first served basis until the available quotas are exhausted. Matching data on applications with individual-level criminal records, we show that legalization reduces the crime rate of legal...
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作者:Fujita, Shigeru; Moscarini, Giuseppe
作者单位:Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Yale University; Yale University; National Bureau of Economic Research
摘要:We document in the Survey of Income and Program Participation covering the period 1990-2013 that a surprisingly large share of workers return to their previous employer after a jobless spell, and experience very different unemployment and employment outcomes than job switchers. The probability of recall is much less procyclical and volatile than the probability of finding a new employer. We add to a quantitative, and otherwise canonical, search-and-matching model of the labor market a recall o...