Structural change accounting with labor market distortions

Accounting for Labor Demand Effects in Structural Labor Supply Models

Accounting for Labor Demand Effects in Structural Labor Supply Models When assessing the effects of policy reforms on the labor market, most studies only focus on labor supply. The interaction of supply and demand side is not explicitly modeled, which might lead to biased estimates of potential labor market outcomes. This paper proposes a straightforward method to remedy this shortcoming. We us...

The Labor Market: Structural Processes

Technical Change , Inequality , and The Labor Market ∗

This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an acceleration in skill bias. In contrast to twentiethcentury developments, much of thr technical change during ...

Structural Labor Market Changes in France

Structural Labor Market Changes in France France posted remarkable gains in employment in the second half of the 1990s, suggesting that, beyond cyclical factors, structural unemployment may have changed in the period. We provide a novel methodology to separate structural from cyclical labor market changes and apply it to French household level data from 1990 to 2000. We show that the equilibriu...

Technological Change, the Labor market and the Stock Market

This paper presents a model in which a partially anticipated technology shock results, in the short run, in lower investment and higher unemployment. Because of the expectation of future lower proÞts, the market value of existing Þrms –and the wages they pay– decreases before the new (better) technology becomes available. When the new technology arrives, the market value of new Þrms rises, aver...