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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...
Aggregate Demand Externalities and Labor Supply Decisions: Worker Discouragement and Market Inefficiency
Aggregate Demand Externalities Labor Supply Decisions
2015/9/21
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor
market because the wage may be too low. In the presence of aggregate demand spi...
We are grateful to Daron Acemoglu, Eli Berman, Frank Levy, and Sendhil Mullainathan for
superb suggestions and to Michael Anderson and Tal Gross for excellent research assistance.
Autor acknowledges...
Kwacha Gonna Do? Experimental Evidence about Labor Supply in Rural Malawi
Experimental Evidence Labor Supply
2015/9/18
I use a field experiment to estimate the wage elasticity of employment in the day
labor market in rural Malawi. Once a week for 12 consecutive weeks, I make job offers for
a workfare-type program to...
We specify and implement a test for the importance of network effects in determining the
establishments at which people work, using recently-constructed matched employer-employee data at the
establi...
Many theoretical models of labor market search imply a tight link between worker
flows (hires and separations) and job gains and losses at the employer level. We use rich
establishment-level data to...
We thank Richard Rogerson, other conference participants, Claudia Goldin, Jason Faberman and Jim
Spletzer for helpful comments and the Kauffman Foundation, the University of Chicago Booth School
of ...
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...
Many entry-level labor markets (and quite a few other markets) have at some point in their history suffered from the “unraveling” of hiring decisions. Unraveling is typically a dynamicprocess, in whic...
Unraveling Reduces Mobility in a Labor Market:Gastroenterology with and without a Centralized Match
Unraveling Reduces Mobility Labor Market:Gastroenterology without a Centralized Match
2015/7/23
The entry-level market for American gastroenterologists was organized by a centralized clearinghouse from 1986 to 1996. Before, and since,it has been conducted via a decentralized market in which appo...
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...