Labor Economics Commons^™

Shocks To Aggregate Demand And Aggregate Supply In The Midst Of Covid-19, Anna M. Gellerman

Publications and Research

COVID-19 sent shockwaves throughout the economy, changing the amounts of goods and services distributed and altering the demand. This article discusses the negative demand shock and adverse supply shock that the U.S. economy faced in 2020, and the policies that the government implemented to reverse these effects.

Oil Price Changes And Unemployment Rate In The U.S. And Chile, Agamani Maity

Master's Theses

Abstract

There is a recurring question in theoretical, empirical and policy work is what the effects of higher oil prices are on the country’s macroeconomic aggregates. Empirical evidence in support of the view that fluctuation in the economy due to the interaction of macroeconomic variables is caused by oil price was based on inappropriate econometric models. These studies do not capture the composition of the price of oil that is affected by the exogenous oil shocks and has an indirect or direct impact on the macroeconomic aggregates. In this study, we decompose the change in oil prices into three structural …

What Can We Learn From The 1918 Pandemic? Careful Economics And Policy Lessons From Influenza, Brian J. Asquith

Upjohn Institute Policy Papers

Economists and policymakers have turned to the 1918 Spanish flu for guidance on the COVID-19 crisis, and some have been cheered by the example of its sharp post-pandemic economic recovery. Policymakers have also been encouraged to use lockdowns and school closures (called non-pharmaceutical interventions, or NPIs) in part by research showing that 1918’s NPIs saved lives while aiding the subsequent economic recovery. I review a wide range of research to caution that our own recovery will likely be harder and slower because of how the economy has evolved. I conclude by discussing pro-recovery policy that account for post-1918 economic changes.

Do Stronger Employment Discrimination Protections Decrease Reliance On Social Security Disability Insurance? Evidence From The U.S. Social Security Reforms, Patrick Button, Mashfiqur R. Khan

Upjohn Institute Working Papers

The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making SSDI relatively more generous. We explore if stronger disability and age discrimination laws moderated these spillovers, using variation whereby many state laws are broader or stronger than federal law. We estimate the effects of these laws on SSDI applications and receipt using a difference-in-differences approach, comparing cohorts affected by SSA1983 to similarly aged unaffected cohorts, across states. We …

Place-Based Policy: An Essay In Two Parts, Timothy J. Bartik

Upjohn Institute Policy Papers

Place-based policies that increase jobs in local labor markets can have large benefits, but current policies need reforms. Local job growth can have large benefits by increasing local employment-to-population ratios (employment rates). These employment rate benefits are larger if jobs are created in local labor markets that are distressed, or if new jobs are matched to the local nonemployed. Current place-based policies are mostly business tax incentives, provided by state and local governments. These incentives are costly per job actually created by the incentive. More cost-effective job creation are public services to businesses, such as customized job training or business …

The Enduring Local Harm From Recessions, Brad J. Hershbein, Bryan A. Stuart

Upjohn Institute Policy and Research Briefs

No abstract provided.

The Evolution Of Local Labor Markets After Recessions, Brad J. Hershbein, Bryan A. Stuart

Upjohn Institute Working Papers

This paper studies how U.S. local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find that areas that lose more jobs during the recession experience persistent relative declines in employment and population. Most importantly, these local labor markets also experience persistent decreases in the employment-population ratio, earnings per capita, and earnings per worker. Our results imply that limited population responses result in longer-lasting consequences for local labor markets than previously thought, and that recessions are followed by persistent reallocation of employment across space.

The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2019, Jim Robey, Kathleen Bolter, Randall W. Eberts, Natalie Patten, Nick Perttunen

Reports

No abstract provided.

The Nebraska Economy Responds To The Covid-19 Pandemic, Eric Thompson

Business in Nebraska

The Nebraska economy will contract in 2020 but the rate of decline will not be as rapid as nationwide. The economic structure of Nebraska is more focused on production and transportation than the national economy and less focused on hard-hit industries such as hospitality, entertainment, automobile parts and assembly, and oil production. Nebraska also may benefit from a higher quality workforce, which is better able to adapt to changing economic conditions.

Employment will drop by 2.4% in Nebraska in 2020, much less than the national rate of decline. Employment will rebound by 2.0% in 2021 and 1.4% in 2022. With …

Firm Characteristics, Capabilities And Productivities: A Study Of Malaysian Food Manufacturing Sector, Tien Hong Lim

Student Works (2020-2029)

This research establishes and examines a set of firm productivity measures for the Malaysian food manufacturing industry. The research further examines the differences in productivity based on the firm’s characteristics and consequently examines the empirical relationship between firm capabilities namely marketing, ICT, R&D and human capital on labour productivity. The research uses cross sectional data comprising 1020 firms. Various methods were used in the research. Non-parametric analysis was undertaken to compare the productivity levels across firm characteristics while in examining the impact of capabilities on labour productivity the research uses quantile regression analysis. The finding shows that productivity differs based …

Options For Unemployment Insurance Structural And Administrative Reform: Proposals And Analysis, Stephen A. Wandner

Upjohn Institute Policy Papers

The unemployment insurance (UI) program is broken. UI benefits and taxes are out of balance, with benefit payments tending to exceed tax revenues, while the program is unable to provide adequate reemployment services to permanently separated UI recipients. The current crisis in the UI program has been building over the past four decades. Although UI and Social Security were both enacted as part of the Social Security Act, reforms to the programs have diverged sharply. Congress has frequently amended the Social Security program to increase benefits and taxes, and then in 1972 it enacted a permanent annual cost-of-living adjustment (COLA) …

Covid-19: Projected Job Loss In Mountain West States, Marie A. Falcone, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Mountain West data from the Economic Policy Institute (EPI) report titled, “States are projected to lose more jobs due to the coronavirus: 14 million jobs could be lost by summer.” The original data source provides figures on the estimated job loss from private sector employment in retail, leisure, and hospitality. This Fact Sheet examines the data for large metropolitan Mountain West states (including Arizona, Colorado, Nevada, New Mexico, and Utah) with projected job loss in the coming months due to the coronavirus.

Year Three Report: Evaluating The Kansas City Scholars College Scholarship Program, Kevin Hollenbeck, Bridget Timmeney, Brad J. Hershbein, Shane M. Reed

Reports

No abstract provided.

Most Self-Employed Workers Are Independent Contractors, Katharine G. Abraham, Brad J. Hershbein, Susan N. Houseman

Upjohn Institute Policy and Research Briefs

No abstract provided.

Using Nonexperimental Methods To Address Noncompliance, Daniel Litwok

Upjohn Institute Working Papers

The analysis compares estimates of the incremental impact for those who receive HPOG with a program enhancement to the standard HPOG program. The experimental benchmark for the incremental impact comes from two-stage least squares with random assignment as an instrumental variable for enhancement take-up. Then, ignoring the randomly assigned conditions, the analysis estimates the counterfactual for those who “take up” the enhancement using ordinary least squares and inverse propensity weighting. The analysis also tests whether adding information that is only available due to the experiment—who complied with their randomization status and who did not—improves the nonexperimental estimates. The analysis compares …

Coronavirus And The Economy: Repurposing Production, Helping The Needy, Saving Businesses, And Encouraging Job Preservation, Timothy J. Bartik, Brad J. Hershbein

Employment Research Newsletter

No abstract provided.

An Unemployment Insurance Covid-19 Crisis Response, Stephen A. Wandner, Christopher J. O'Leary

Employment Research Newsletter

No abstract provided.

Disaster Unemployment Assistance Would Help Gig, Contract, Self-Employed Workers Affected By Covid-19, Stephen A. Woodbury

Employment Research Newsletter

No abstract provided.

Understanding The Impact Of Psychological Empowerment, Workplace Motivation, And Social Capital On The Job Performance Of Farmers In Honduras: A Mixed Methods Study, Susan Lale Karimiha

LSU Doctoral Dissertations

A farmer’s job performance is critical to the production of raw materials such as food, fiber, and fuel and is therefore an important concern for individuals, businesses, and economies across the world. The literature on improving farmers’ job performance has focused more on introducing new technologies, and less on the psychosocial factors that improve job performance. The primary purpose of this study was to examine the impact of psychological empowerment, workplace motivation, and social capital on farmers’ job performance in Honduras.

A mixed methods approach was used to collect and analyze both quantitative and qualitative data. For quantitative data, a …

How Will The Covid-19 Recession Impact People With Disabilities In Rural America?, University Of Montana Rural Institute

Employment

This fact sheet discusses how people with disabilities, particularly those in rural areas, are especially vulnerable to the COVID-19 recession because they are less likely to have an emergency savings fund, have access to paid leave, or be able to work from home. It analyzes data from the 2015 and 2016 Survey of Household Economics and Decision-making (SHED) and the American Time Use Survey (ATUS) 2017-18 Leave and Job Flexibilities Module.