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Essays in Macroeconomics and Labor Markets
Essays in Macroeconomics and Labor Markets
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20260202103555
- ISBN
- 9798280713741
- DDC
- Labor markets
- 저자명
- Maghzian, Omeed.
- 서명/저자
- Essays in Macroeconomics and Labor Markets
- 발행사항
- [Sl] : Harvard University, 2025
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2025
- 형태사항
- 358 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 86-12, Section: A.
- 주기사항
- Advisor: Chodorow-Reich, Gabriel.
- 학위논문주기
- Thesis (Ph.D.)--Harvard University, 2025.
- 초록/해제
- 요약Labor markets are a central channel through which households are exposed to macroeconomic shocks. This dissertation comprises three essays that examine and quantify the impact of macroeconomic fluctuations on labor markets in the United States. Chapter 1 studies how individual job destruction decisions spill over to other workers in the labor market. Using variation in the nationwide layoff decisions of large firms across local labor markets, we find that labor market congestion, caused by many firms simultaneously destroying jobs, significantly amplifies the earnings losses of laid-off workers during economic downturns. We further interpret these findings through the lens of a heterogeneous-agent quantitative model with labor market frictions. Chapter 2 investigates how a decline in the compensation investors demand for bearing firm default risk affects the allocation of labor. We show that loose credit market conditions lead more workers to take jobs at financially risky firms. Using variation from both labor market and credit market segmentation, we find that taking jobs at these firms increases workers' labor income in the short run, but results in large and persistent earnings losses once credit conditions tighten. Chapter 3 studies how the provision of mortgage forbearance helped stabilize labor markets following the 2020 COVID-19 recession. Using variation in financial intermediation frictions across mortgage servicers, we find that mortgage payment deferrals under the federal forbearance program accelerated the recovery of local employment once economic lockdowns were lifted. Our estimates underscore the importance of household liquidity in boosting labor demand during economic downturns.
- 키워드
- Labor markets
- 기타저자
- Harvard University Economics
- 기본자료저록
- Dissertations Abstracts International. 86-12A.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
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■006m o d
■007cr#unu||||||||
■020 ▼a9798280713741
■035 ▼a(MiAaPQ)AAI32042017
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼aLabor markets
■1001 ▼aMaghzian, Omeed.▼0(orcid)0009-0006-1897-9511
■24510▼aEssays in Macroeconomics and Labor Markets
■260 ▼a[Sl]▼bHarvard University▼c2025
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2025
■300 ▼a358 p
■500 ▼aSource: Dissertations Abstracts International, Volume: 86-12, Section: A.
■500 ▼aAdvisor: Chodorow-Reich, Gabriel.
■5021 ▼aThesis (Ph.D.)--Harvard University, 2025.
■520 ▼aLabor markets are a central channel through which households are exposed to macroeconomic shocks. This dissertation comprises three essays that examine and quantify the impact of macroeconomic fluctuations on labor markets in the United States. Chapter 1 studies how individual job destruction decisions spill over to other workers in the labor market. Using variation in the nationwide layoff decisions of large firms across local labor markets, we find that labor market congestion, caused by many firms simultaneously destroying jobs, significantly amplifies the earnings losses of laid-off workers during economic downturns. We further interpret these findings through the lens of a heterogeneous-agent quantitative model with labor market frictions. Chapter 2 investigates how a decline in the compensation investors demand for bearing firm default risk affects the allocation of labor. We show that loose credit market conditions lead more workers to take jobs at financially risky firms. Using variation from both labor market and credit market segmentation, we find that taking jobs at these firms increases workers' labor income in the short run, but results in large and persistent earnings losses once credit conditions tighten. Chapter 3 studies how the provision of mortgage forbearance helped stabilize labor markets following the 2020 COVID-19 recession. Using variation in financial intermediation frictions across mortgage servicers, we find that mortgage payment deferrals under the federal forbearance program accelerated the recovery of local employment once economic lockdowns were lifted. Our estimates underscore the importance of household liquidity in boosting labor demand during economic downturns.
■590 ▼aSchool code: 0084.
■653 ▼aLabor markets
■653 ▼aMacroeconomic shocks
■653 ▼aLocal labor markets
■653 ▼aEconomic lockdowns
■653 ▼aHousehold liquidity
■690 ▼a0501
■690 ▼a0510
■690 ▼a0310
■690 ▼a1001
■71020▼aHarvard University▼bEconomics.
■7730 ▼tDissertations Abstracts International▼g86-12A.
■790 ▼a0084
■791 ▼aPh.D.
■792 ▼a2025
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17357749▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
