To finance unemployment insurance, states raise payroll tax rates on employers who engage in layoffs. Tax are, therefore, highest for firms after downturns, potentially hampering labor-market recovery. Using full-population, administrative records from Florida, I estimate the effect of these increases firm behavior leveraging a regression kink design schedule. hikes reduce hiring and employment...

this paper reviews the relationship between inflation rate and minimum wage in iran’s economy over the 1969-2005. according to the economic literature, there is a narrow relationship between inflation rate and minimum wage. some economists believe in increased inflation due to minimum wage. the other group of economists considers the increased inflation as a cause for increasing minimum wage. t...

This paper examines the impact of unemployment insurance (UI) on aggregate employment by exploiting cross-state variation in maximum benefit duration during Great Recession. Comparing adjacent counties located neighboring states, there is no statistically significant increasing UI generosity employment. Point estimates are uniformly small magnitude, and most precise rule out employment-to-popul...

This paper presents a novel and unique measure of cross-sectional uncertainty constructed from stock options on individual firms. Cross-sectional varied little between 1980 1995 subsequently had three distinct peaks—during the tech boom, financial crisis, coronavirus epidemic. has mixed relationship with overall economic activity, aggregate is much more powerful for forecasting growth. The data...

ABSTRACT We examine how exposure to international tax competition affects domestic firms’ employment. Consistent with prior work, we find evidence that reductions in foreign rates affect the competitive environment via increases import and investment foreign-owned subsidiaries. posit these changes can cause managers reduce their employment levels. our expectation, relative decreases negatively ...

This article reviews the global health and economic consequences of 1918 influenza pandemic, with a particular focus on topics that have seen renewed interest because COVID-19. We begin by providing an overview key contextual epidemiological details as well data are available to researchers. then examine effects mortality, fertility, economy in short medium run. The role non-pharmaceutical inte...

We provide a new channel through which monetary policy has distributional consequences at business cycle frequencies. show that an unexpected easing increases labor income inequality between high-skilled and less-skilled workers. To rationalize these findings, we build New Keynesian DSGE model with asymmetric search-and-matching (SAM) frictions capital-skill complementarity (CSC) in production....

This paper measures excess labor supply in equilibrium. We induce hiring shocks—which employ 24 percent of the force external month-long jobs—in Indian local markets. In peak months, wages increase instantaneously and aggregate employment declines. lean consistent with severe rationing, are unchanged, positive spillovers on remaining workers, indicating that over a quarter is rationed. At least...

in this study, we assess the impact of oil price changes on the macroeconomic variables of some oil importers in oecd countries, including usa, italian, france and japan during the period 1960-2002. the results for different countries imply asymmetric impact of oil price changes on gdp growth rates; moreover, the results show that monetary shocks are an important and noticeable factor explainin...