Our Research Focus

Labor Markets

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We study the demand and supply for labor, taking into account what distinguishes the market for human capital from other markets. Most recently, our research has focused on the factors that contribute to unemployment during recessions, the relationship between technological change and wage inequality, and the causes of frictions in labor markets.

 
Issue Title Author(s)
Fourth Quarter 2011 Accounting for the Non-Employment of U.S. Men, 1968-2010 Marianna Kudlyak
Thomas A. Lubik
Jonathan Tompkins
First Quarter 2011 Housing and the Great Recession: A VAR Accounting Exercise Samuel E. Henly
Alexander L. Wolman
Fourth Quarter 2010 Hidden Effort, Learning by Doing, and Wage Dynamics Arantxa Jarque
Third Quarter 2010 Instability and Indeterminacy in a Simple Search and Matching Model Michael U. Krause
Thomas A. Lubik
Second Quarter 2010 Are Wages Rigid Over the Business Cycle? Marianna Kudlyak
Fall 2009 The U.S. Establishment-Size Distribution: Secular Changes and Sectoral Decomposition Samuel E. Henly
Juan M. Sanchez
Spring 2009 Estimating a Search and Matching Model of the Aggregate Labor Market Thomas A. Lubik
Summer 2008 CEO Compensation: Trends, Market Changes, and Regulation Arantxa Jarque
Spring 2008 On the Evolution of Income Inequality in the United States Kevin A. Bryan
Leonardo Martinez
Summer 2006 The Productivity of Nations Margarida Duarte
Diego Restuccia
Winter 2006 Are We Working Too Hard or Should We Be Working Harder? A Simple Model of Career Concerns Andrew Foerster
Leonardo Martinez
Summer 2005 What's Driving Wage Inequality? Aaron Steelman
John A. Weinberg
Summer 2005 Unemployment and Vacancy Fluctuations in the Matching Model: Inspecting the Mechanism Andreas Hornstein
Per Krusell
Giovanni L. Violante
Winter 2005 On the Aggregate Labor Supply Yongsung Chang
Sun-Bin Kim
Fall 2003 Implications of the Capital-Embodiment Revolution for Directed R&D and Wage Inequality Andreas Hornstein
Per Krusell
Fall 2003 Firms, Assignments, and Earnings Edward S. Prescott
Spring 2002 Towards a Theory of Capacity Utilization: Shiftwork and the Workweek of Capital Andreas Hornstein
Summer 2000 A Study of U.S. Employment Rates with Emphasis on Gender Considerations Pierre-Daniel G. Sarte
Carl D. Lantz
Spring 1994 The Free Trade Debate: The Illusion of Security Versus Growth Robert L. Hetzel
Fall 1993 Unit Labor Costs and the Price Level Yash P. Mehra
Paper Title Author(s)
12-03
April 2012		 Sorting by Skill over the Course of Job Search Marianna Kudlyak
Damba Lkhagvasuren
Roman Sysuyev
11-02
May 2011		 Aggregate Labor Market Dynamics in Hong Kong Thomas A. Lubik
10-13
August 2010		 The Cyclical Price of Labor When Wages Are Smoothed Marianna Kudlyak
10-12
June 2010		 On-the-Job Search and the Cyclical Dynamics of the Labor Market Michael U. Krause
Thomas A. Lubik
09-12R
September 2009		 The Cyclicality of the User Cost of Labor with Search and Matching (Revised: May 2011) Marianna Kudlyak
09-9
June 2009		 Unemployment Insurance with a Hidden Labor Market Fernando Álvarez-Parra
Juan M. Sanchez
08-1
March 2008		 Inflation Dynamics with Search Frictions: A Structural Econometric Analysis Michael U. Krause
David Lopez-Salido
Thomas A. Lubik
06-13
December 2006		 Risky Human Capital and Deferred Capital Income Taxation Borys Grochulski
Tomasz Piskorski
06-10
November 2006		 Technology-Policy Interaction in Frictional Labor Markets Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-9
September 2006		 The Political Economy of Labor Subsidies Marina Azzimonti
Eva de Francisco
Per Krusell
06-8
September 2006		 Technical Appendix for "Frictional Wage Dispersion in Search Models: A Quantitative Assessment" Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-7
September 2006		 Frictional Wage Dispersion in Search Models: A Quantitative Assessment Andreas Hornstein
Per Krusell
Giovanni L. Violante
06-6
August 2006		 Understanding How Employment Responds to Productivity Shocks in a Model with Inventories Yongsung Chang
Andreas Hornstein
Pierre-Daniel G. Sarte
06-4
May 2006		 Home Production Yongsung Chang
Andreas Hornstein
06-2
February 2006		 On the Aggregate and Distributional Implications of Productivity Differences across Countries Andrés Erosa
Tatyana Koreshkova
Diego Restuccia
06-1R
January 2006		 Reputation, Career Concerns, and Job Assignments (Revised Apr. 2009) Leonardo Martinez
05-13
December 2005		 Optimal Wealth Taxes with Risky Human Capital Borys Grochulski
Tomasz Piskorski
05-9
September 2005		 A Quantitative Theory of the Gender Gap in Wages Andrés Erosa
Luisa Fuster
Diego Restuccia
05-8
August 2005		 A General Equilibrium Analysis of Parental Leave Policies Andrés Erosa
Luisa Fuster
Diego Restuccia
05-2
April 2005		 Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment? Yongsung Chang
Jay H. Hong
05-1
April 2005		 The Replacement Problem in Frictional Economies: A Near-Equivalence Result Andreas Hornstein
Per Krusell
Giovanni L. Violante
04-8
December 2004		 The Effects of Technical Change on Labor Market Inequalities Andreas Hornstein
Per Krusell
Giovanni L. Violante
04-9
December 2004		 Productivity, Employment, and Inventories Pierre-Daniel G. Sarte
Andreas Hornstein
Yongsung Chang
03-17
January 2004		 Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts Yongsung Chang
Sun-Bin Kim
03-7
July 2003		 Labor Supply Shifts and Economic Fluctuations Yongsung Chang
Frank Schorfheide
03-6
July 2003		 On the Employment Effect of Technology: Evidence from U.S. Manufacturing for 1958-1996 Yongsung Chang
Jay H. Hong
03-5
July 2003		 From Individual to Aggregate Labor Supply: A Quantitative Analysis based on a Heterogeneous Agent Macroeconomy Yongsung Chang
Sun-Bin Kim
02-2
August 2002		 Vintage Capital as an Origin of Inequalities Giovanni L. Violante
Per Krusell
Andreas Hornstein
01-7
August 2001		 The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37 Jonas D.M. Fisher
Andreas Hornstein
01-4
July 2001		 Macroeconomic Fluctuations and Bargaining Huberto M. Ennis
01-6
March 2001		 Sticky Prices and Inventories: Production Smoothing Reconsidered Pierre-Daniel G. Sarte
Andreas Hornstein
00-2
September 2000		 Optimal Taxation in Life-Cycle Economies Andrés Erosa
Martin Gervais
98-8
December 1998		 Staggered Prices and Inventories: Production Smoothing Reconsidered Pierre-Daniel G. Sarte
Andreas Hornstein
98-9
August 1998		 The Dynamic Effects of Government Spending Shocks on Employment and Work Hours Mingwei Yuan
Wenli Li
98-2
March 1998		 Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate? (Published: Apr. 1996; Revised: Jan. 1998) Andreas Hornstein
Mingwei Yuan
98-1
March 1998		 External vs. Internal Learning-by-Doing in an R&D Based Growth Model Andreas Hornstein
Dan Peled
89-1
April 1989		 Wage Growth and the Inflation Process: An Empirical Note Yash P. Mehra
79-3
April 1979		 The Determinants of Labor Force Participation: An Empirical Analysis William E. Cullison
74-3
June 1974		 An Employment Pressure Index as an Alternative Measure of Labor Market Conditions William E. Cullison