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The Labor Boundaries of the Firm: Employment and Independent Contracting
Employment Independent Contracting
2015/9/21
When contracts are incomplete and control over pre-existing assets are
already assigned through onwership, the employment relation gives employers
rights to expropriate worker investment. In contras...
Comments on ‘Labor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball
Labor Market Contracts Inflation
2015/8/5
Comments on ‘Labor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball.
Taxation,Insurance,and Precautionary Labor
Redistributive Taxation Social Insurance Adverse Selection Precautionary Labor
2015/7/31
We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In the previous literature, it has been shown that, with perfect insurance markets, social ins...
ADJUSTMENT COSTS, FIRM RESPONSES, AND MICRO VS. MACRO LABOR SUPPLY ELASTICITIES: EVIDENCE FROM DANISH TAX RECORDS
ADJUSTMENT COSTS FIRM RESPONSES
2015/7/23
We show that the e§ects of taxes on labor supply are shaped by interactions between
adjustment costs for workers and hours constraints set by Örms. We develop a model
in which Örms post jo...
Indivisible-labor, lotteries and idiosyncratic productivity shocks
Indivisible-labor Lotteries Idiosyncratic shocks Neoclassical growth model Heterogeneous agents Quasi-linear preferences
2015/7/21
Indivisible-labor, lotteries and idiosyncratic productivity shocks.
Parameterized Expectations Algorithm: How to Solve for Labor Easily
Monte Carlo simulation nonlinear models numerical solution parameterized expectations PEA
2015/7/21
Euler-equation methods for solving nonlinear dynamic models involve parameterizing some policy functions. We argue that in the typical macroeconomic model with valuable leisure, labor function is part...
According to the textbook Keynesian model, short-run demand for labor is sensitive to the demand for goods. In this view, sellers deviate from setting the marginal product of labor proportional to the...
The Real Options Effect of Uncertainty on Investment and Labor Demand
Investment labor demand uncertainty real options
2015/7/15
This paper shows that, contrary to common beliefs, the real options effect of uncertainty plays no role in the longrun rate of investment. This is proven for both the standard investment model with Co...
Asset Allocation with Endogenous Labor Income:The Case of Incomplete Markets
Asset Allocation Endogenous Labor Income Incomplete Markets
2015/5/13
Asset Allocation with Endogenous Labor Income:The Case of Incomplete Markets.
Economic Transition and Private-Sector Labor Demand:Evidence from Urban China
Economic Transition Structural Change Labor Mobility Transition Human Capital Private Sector
2015/4/27
This paper studies the policy determinants of economic transition and estimates the demand for labor in the infant private sector in urban China. We show that a reform that untied access to housing in...
The 'IKEA Effect': When Labor Leads to Love
Investment Labor Resource Allocation Valuation
2015/4/24
In a series of studies in which consumers assembled IKEA boxes, folded origami, and built sets of Legos, we demonstrate and investigate the boundary conditions for what we term the "IKEA effect&"—the ...
Labor Regulations and European Private Equity
Venture Capital Private Equity Insurance Investment Governing Rules Regulations and Reforms Taxation Employment Europe
2015/4/22
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more ...
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
Import Competition Labor Market
2014/9/10
We analyze the effect of rising Chinese import competition between 1990 and 2007 on US local labor markets, exploiting cross- market variation in import exposure stemming from initial differences in i...
The Growth of Low-Skill Service Jobs and the Polarization of the US Labor Market
Labor Market Low-Skill Service Jobs
2014/9/10
We offer a unified analysis of the growth of low-skill service occupations between 1980 and 2005 and the concurrent polarization of US employment and wages. We hypothesize that polarization stems from...
Equilibrium Distribution of Labor Productivity: A Theoretical Model
Equilibrium Distribution of Labor Productivity Theoretical Model Statistical Finance
2012/6/4
We construct a theoretical model for equilibrium distribution of workers across sectors with different labor productivity, assuming that a sector can accommodate a limited number of workers which depe...