Labor Markets

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.

To learn how labor market institutions and policies influence the actions of workers and firms, read the Richmond Fed's essay in the "Our Perspective" series.

First Quarter 2013

Saving for Retirement with Job Loss Risk

Borys Grochulski and Yuzhe Zhang

Fourth Quarter 2012

Debt Default and the Insurance of Labor Income Risk

Kartik B. Athreya, Xuan S. Tam and Eric R. Young

Summer 2005

What's Driving Wage Inequality?

Aaron Steelman and John A. Weinberg

Winter 2005

On the Aggregate Labor Supply

Yongsung Chang and Sun-Bin Kim

August 2014, No. 14-15

Learning and Life Cycle Patterns of Occupational Transitions

Aspen Gorry, Devon Gorry and Nicholas Trachter

August 2013, No. 13-12

The Time-Varying Beveridge Curve

Luca Benati and Thomas A. Lubik

August 2013, No. 13-11

Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model

David L. Fuller, Marianna Kudlyak and Damba Lkhagvasuren

May 2013, No. 13-05R

Market-based Incentives (Revised May 2016)

Borys Grochulski and Yuzhe Zhang

June 2009, No. 09-9

Unemployment Insurance with a Hidden Labor Market

Fernando Álvarez-Parra and Juan M. Sanchez

March 2008, No. 08-1

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

Michael U. Krause, David Lopez-Salido and Thomas A. Lubik

December 2006, No. 06-13

Risky Human Capital and Deferred Capital Income Taxation

Borys Grochulski and Tomasz Piskorski

September 2006, No. 06-9

The Political Economy of Labor Subsidies

Marina Azzimonti, Eva de Francisco and Per Krusell

December 2005, No. 05-13

Optimal Wealth Taxes with Risky Human Capital

Borys Grochulski and Tomasz Piskorski

September 2005, No. 05-9

A Quantitative Theory of the Gender Gap in Wages

Andrés Erosa, Luisa Fuster and Diego Restuccia

August 2005, No. 05-8

A General Equilibrium Analysis of Parental Leave Policies

Andrés Erosa, Luisa Fuster and Diego Restuccia

July 2003, No. 03-7

Labor Supply Shifts and Economic Fluctuations

Yongsung Chang and Frank Schorfheide

August 2002, No. 02-2

Vintage Capital as an Origin of Inequalities

Giovanni L. Violante, Per Krusell and Andreas Hornstein

September 2000, No. 00-2

Optimal Taxation in Life-Cycle Economies

Andrés Erosa and Martin Gervais

March 2016, No. 16-3

Measuring CEO Compensation

Arantxa Jarque and David A. Price

November 2015, No. 15-11

Why Are Women Leaving the Labor Force?

Maria E. Canon, Helen Fessenden and Marianna Kudlyak

September 2014, No. 14-09

Putting the Beveridge Curve Back to Work

Thomas A. Lubik and Karl Rhodes

August 2014, No. 14-08

The Prevalence of Apprenticeships in Germany and the United States

Nika Lazaryan, Urvi Neelakantan and David A. Price

November 2012, No. 12-11

Are Depression-Era Employment Swings Overstated?

Jonathon Lecznar, Jessie Romero and Pierre-Daniel G. Sarte

April 2010, No. 10-04

Comparing Labor Markets across Recessions

Marianna Kudlyak, Devin Reilly and Stephen Slivinski

November 2008, No. 08-02

What Income Inequality Measures Can (and Cannot) Tell Us

Leonardo Martinez and Stephen Slivinski

Contact Us

Research Department
(804) 697-8000