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Macroeconomics of Labor Markets- [electronic resource]
![Macroeconomics of Labor Markets - [electronic resource]](/Users/Baul/Images/book.png)
Macroeconomics of Labor Markets- [electronic resource]
상세정보
- 자료유형
- 학위논문파일 국외
- 최종처리일시
- 20240214100121
- ISBN
- 9798379751357
- DDC
- 320
- 저자명
- Qiu, Xincheng.
- 서명/저자
- Macroeconomics of Labor Markets - [electronic resource]
- 발행사항
- [S.l.]: : University of Pennsylvania., 2023
- 발행사항
- Ann Arbor : : ProQuest Dissertations & Theses,, 2023
- 형태사항
- 1 online resource(334 p.)
- 주기사항
- Source: Dissertations Abstracts International, Volume: 84-12, Section: A.
- 주기사항
- Advisor: Fang, Hanming;Manovskii, Iourii.
- 학위논문주기
- Thesis (Ph.D.)--University of Pennsylvania, 2023.
- 사용제한주기
- This item must not be sold to any third party vendors.
- 초록/해제
- 요약This dissertation examines various aspects of the macroeconomics of labor markets. Chapter 1 develops a frictional labor market model that incorporates worker vacating, i.e., workers exiting the labor market hence vacating their positions. It provides novel insights into the business cycle theory of unemployment: Procyclical employment-to-nonparticipation quits contribute to vacancy fluctuations, accounting for about one-third of unemployment fluctuations. It also sheds new light on the possibility of a "soft landing" during the "Great Resignation": While creating a new job as investment activity is responsive to the interest rate, reposting a vacated position is not. Chapter 2, joint with Moritz Kuhn and Iourii Manovskii, studies the spatial differences across local labor markets. Guided by the novel facts on the geography of vacancies and job filling, we develop a spatial version of a Diamond-Mortensen-Pissarides model with endogenous separations and on-the-job search that quantitatively accounts for all the documented empirical regularities. The model also quantitatively rationalizes why the job-separation rate is more important in accounting for spatial differences in unemployment while the job-finding rate is more important in accounting for business cycle fluctuations in unemployment.Chapter 3, joint with Jincheng (Eric) Huang, investigates how wealth affects the allocation of workers and jobs. Using NLSY79 and O*NET, we document that wealth-poor workers are more mismatched with their jobs. We develop a model featuring worker and firm heterogeneity, search frictions, and incomplete markets, where a lack of wealth induces workers to trade off wages for finding a job faster due to precautionary motives. This phenomenon, referred to as "precautionary mismatch," leads to substantial within-type earnings and productivity gaps between the wealth-rich and the wealth-poor, especially among high-skilled workers. Chapter 4, joint with Hanming Fang, proposes and empirically implements a framework to infer from the repeated cross-sectional earnings data the experience effect, the cohort effect, and the time effect, under an identifying assumption that the growth of the experience effect stops at the end of one's working career. Applying this framework to data from China and the United States, we find that China has experienced a much larger inter-cohort productivity growth and higher increase in the rental price to human capital but lower returns to experience, compared to the U.S. We use the inferred components to revisit several applications in macroeconomics and labor economics.
- 일반주제명
- Public policy.
- 키워드
- Business cycle
- 키워드
- Economic growth
- 키워드
- Human capital
- 키워드
- Inequality
- 키워드
- Unemployment
- 키워드
- Labor market
- 키워드
- Macroeconomics
- 기타저자
- University of Pennsylvania Economics
- 기본자료저록
- Dissertations Abstracts International. 84-12A.
- 기본자료저록
- Dissertation Abstract International
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
008240612s2023 us |||||||||||||||c||eng d■001000016931812
■00520240214100121
■006m o d
■007cr#unu||||||||
■020 ▼a9798379751357
■035 ▼a(MiAaPQ)AAI30424495
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a320
■1001 ▼aQiu, Xincheng.
■24510▼aMacroeconomics of Labor Markets▼h[electronic resource]
■260 ▼a[S.l.]:▼bUniversity of Pennsylvania. ▼c2023
■260 1▼aAnn Arbor :▼bProQuest Dissertations & Theses, ▼c2023
■300 ▼a1 online resource(334 p.)
■500 ▼aSource: Dissertations Abstracts International, Volume: 84-12, Section: A.
■500 ▼aAdvisor: Fang, Hanming;Manovskii, Iourii.
■5021 ▼aThesis (Ph.D.)--University of Pennsylvania, 2023.
■506 ▼aThis item must not be sold to any third party vendors.
■520 ▼aThis dissertation examines various aspects of the macroeconomics of labor markets. Chapter 1 develops a frictional labor market model that incorporates worker vacating, i.e., workers exiting the labor market hence vacating their positions. It provides novel insights into the business cycle theory of unemployment: Procyclical employment-to-nonparticipation quits contribute to vacancy fluctuations, accounting for about one-third of unemployment fluctuations. It also sheds new light on the possibility of a "soft landing" during the "Great Resignation": While creating a new job as investment activity is responsive to the interest rate, reposting a vacated position is not. Chapter 2, joint with Moritz Kuhn and Iourii Manovskii, studies the spatial differences across local labor markets. Guided by the novel facts on the geography of vacancies and job filling, we develop a spatial version of a Diamond-Mortensen-Pissarides model with endogenous separations and on-the-job search that quantitatively accounts for all the documented empirical regularities. The model also quantitatively rationalizes why the job-separation rate is more important in accounting for spatial differences in unemployment while the job-finding rate is more important in accounting for business cycle fluctuations in unemployment.Chapter 3, joint with Jincheng (Eric) Huang, investigates how wealth affects the allocation of workers and jobs. Using NLSY79 and O*NET, we document that wealth-poor workers are more mismatched with their jobs. We develop a model featuring worker and firm heterogeneity, search frictions, and incomplete markets, where a lack of wealth induces workers to trade off wages for finding a job faster due to precautionary motives. This phenomenon, referred to as "precautionary mismatch," leads to substantial within-type earnings and productivity gaps between the wealth-rich and the wealth-poor, especially among high-skilled workers. Chapter 4, joint with Hanming Fang, proposes and empirically implements a framework to infer from the repeated cross-sectional earnings data the experience effect, the cohort effect, and the time effect, under an identifying assumption that the growth of the experience effect stops at the end of one's working career. Applying this framework to data from China and the United States, we find that China has experienced a much larger inter-cohort productivity growth and higher increase in the rental price to human capital but lower returns to experience, compared to the U.S. We use the inferred components to revisit several applications in macroeconomics and labor economics.
■590 ▼aSchool code: 0175.
■650 4▼aPublic policy.
■653 ▼aBusiness cycle
■653 ▼aEconomic growth
■653 ▼aHuman capital
■653 ▼aInequality
■653 ▼aSearch and matching
■653 ▼aUnemployment
■653 ▼aLabor market
■653 ▼aMacroeconomics
■690 ▼a0501
■690 ▼a0510
■690 ▼a0630
■71020▼aUniversity of Pennsylvania▼bEconomics.
■7730 ▼tDissertations Abstracts International▼g84-12A.
■773 ▼tDissertation Abstract International
■790 ▼a0175
■791 ▼aPh.D.
■792 ▼a2023
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T16931812▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
■980 ▼a202402▼f2024
