E24

Rosemary Kaiser

Many countries, primarily in Europe, apply dismissal protections to permanent employment contracts but not to temporary ones, creating a two-tiered labor market in which younger and less educated …

Volha Audzei · Ivan Sutóris

Audzei and Sutóris ask whether inflation-targeting monetary policy affects households' incentives to invest in energy conservation, and whether the standard central bank response to energy price …

Boyan Jovanovic · Peter L. Rousseau

AI can improve decisions, raise firm productivity, and accelerate human capital growth through its effect on signal quality in problem-solving tasks, but the consequences are heterogeneous across the …

Almut Balleer · Georg Duernecker · Susanne Forstner · Johannes Goensch

The paper asks two questions: (1) How do workers' biased expectations about job finding and job separation shape the labor market equilibrium and wages? (2) Are differences in expectation biases …

Panle Jia Barwick · Siyu Chen · Chao Fu · Teng Li

This paper estimates the causal effects of mobile app usage on college students' academic performance, physical health, and labor market outcomes, while separately identifying behavioral (endogenous) …

Andreas Hornstein · Marios Karabarbounis · André Kurmann · Etienne Lalé · Lien Ta

This paper isolates the disincentive effects of pandemic unemployment insurance (UI) benefits on employment recovery, separating them from the simultaneously operating stimulative (demand) effects …

Jonathon Hazell · Bledi Taska

Hazell and Taska use wages posted on online job vacancies — matched to job titles and establishment identifiers from Burning Glass Technologies — to measure the wage for new hires at the job level …

Cynthia L Doniger

This paper asks how the cyclical sensitivity of wages varies with workers' educational attainment, what mechanisms drive the differences, and what the welfare consequences are of ignoring this …

Serdar Birinci · Fatih Karahan · Yusuf Mercan · Kurt See

The paper asks two related questions: (1) How much, and through which channels, do employer-to-employer (EE) worker transitions affect macroeconomic outcomes — particularly inflation? (2) What is the …

Jonathan Créchet · Etienne Lalé · Linas Tarasonis

The paper asks: what are the sources of cross-country differences in aggregate employment across European economies, and which types of worker flows — between employment (E), unemployment (U), and …

Morten O. Ravn · Vincent Sterk

A HANK model that is tractable enough to solve on paper, built by grafting Diamond-Mortensen-Pissarides search frictions onto a New Keynesian economy and then imposing assumptions that make the wealth …

Andreas Fagereng · Luigi Guiso · Luigi Pistaferri

Using Norwegian administrative registries that record wealth and capital income for the whole population, and for each spouse before they marry, this paper documents that people sort at marriage not …

Greg Kaplan · Benjamin Moll · Giovanni L. Violante

This paper builds a two-asset Heterogeneous Agent New Keynesian (HANK) model matching the empirical joint distribution of income, liquid, and illiquid wealth, and finds that the indirect effect of an …

Rüdiger Bachmann · Christian Bayer · Heiko Stüber · Felix Wellschmied

When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer customers, forgo sales, …

Edmund S. Phelps

This paper builds a dynamic, non-stochastic model of the "optimal" fiscal control of aggregate demand, deriving the time path of aggregate employment (or "utilization") that a policymaker who cares …

Henrique S. Basso · Omar Rachedi

Basso and Rachedi investigate how robot adoption influences inflation dynamics — specifically, whether the surge in automation during the 2000s and 2010s can explain the muted sensitivity of inflation …

Matthew J Delventhal · Andrii Parkhomenko

Delventhal and Parkhomenko build a quantitative spatial model of the United States to study how the rise of telecommuting reshapes the distribution of residents, jobs, and housing costs across and …

Mark Gertler · Christopher Huckfeldt · Antonella Trigari

This paper measures and models the role of temporary layoffs (TL) in cyclical unemployment dynamics, motivating the analysis by the extraordinary surge in temporary layoffs at the onset of the …

Iacopo Morchio · Christian Moser

This paper uses linked employer-employee data from Brazil (RAIS, 2007–2014, covering 267 million worker-years, 56 million unique workers, and 607,000 employers) to document that the gender pay gap of …

Moritz Kuhn · Iourii Manovskii · Xincheng Qiu

This paper asks why unemployment rates differ so persistently across local labor markets, and what role job creation and job destruction play in generating those differences. The authors document a …

Julien Albertini · Arthur Poirier · Anthony Terriau

This paper studies the effect of the Earned Income Tax Credit (EITC) on educational attainment and labor market trajectories through two complementary approaches. Using policy discontinuities at U.S.

Nils H. Lehr · Pascual Restrepo

Leading AI firms such as OpenAI and Anthropic publicly claim dual mandates of profit and social welfare, raising the question of whether—and how—a social mandate should change their pricing and …

A. W. Phillips

This paper tests, using nearly a century of British data (1861-1957), the hypothesis that the rate of change of money wage rates can be explained by the level of unemployment and the rate of change of …

Marta García-Rodríguez

This paper develops a Mortensen-Pissarides (DMP) search and matching model with internally rational (IR) agents who hold subjective beliefs about wages rather than perfect knowledge of the Nash …

Nicholas Kozeniauskas

The entrepreneurship rate in the United States—defined as the share of the labor force who own and actively manage a business with at least ten employees—declined by 26% between 1987 and 2015, a …