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Testimony Of John M. Abowd Before The House Committee On Energy And Commerce, Subcommitte On Commerce, Manufacturing And Trade, United States House Of Representatives, John Abowd, Lars Vilhuber
Testimony Of John M. Abowd Before The House Committee On Energy And Commerce, Subcommitte On Commerce, Manufacturing And Trade, United States House Of Representatives, John Abowd, Lars Vilhuber
Lars Vilhuber
We focus attention on gross flows in the labor market and their role in economic reallocation. Economists distinguish between movements of individuals (gross worker flows) and those associated with businesses (gross job flows). The gross worker flows are accessions (hiring and recalls) and separations (quits, layoffs, retirements, and firings). The gross job flows are creations (increases in the employment of a given business establishment) and destructions (decreases in employment of a given business establishments). In our testimony, we discuss the different flows and the regional variation therein over the last recession.
Presentation: Did The Housing Price Bubble Clobber Local Labor Market Job And Worker Flows When It Burst?, John Abowd, Lars Vilhuber
Presentation: Did The Housing Price Bubble Clobber Local Labor Market Job And Worker Flows When It Burst?, John Abowd, Lars Vilhuber
Lars Vilhuber
We integrate local labor market data on worker flows, job flows, employment levels, and earnings with MSA-level data on housing prices and local area unemployment, to study the local labor market dynamics associated with the U.S. housing price bubble of the late 2000s. We proceed to study the magnitude and timing of the relation between the changes in local housing prices and local worker and job flows, and local labor market earnings.In addition to the unique contribution of using both local labor and housing market data, the paper also considers the contributions of the aggregate movements in the worker and …
The Quality Of Jobs Created By Entrepreneurs, Adam Seth Litwin, Philip Phan
The Quality Of Jobs Created By Entrepreneurs, Adam Seth Litwin, Philip Phan
Adam Seth Litwin
Few dare to challenge the conventional wisdom that small business is the engine of job creation. Indeed, in the United States, the image of the small business owner left largely unfettered to create novel products and services sits on the same cultural plane as baseball and apple pie, and one would be hard-pressed to find a policymaker who would openly question the wisdom that most new jobs arise either directly or indirectly from these small businesses. This near religious belief in the small business owner as job creator yields a steady stream of policies offering tax relief to small businesses, …