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The cyclical behavior of equilibrium unemployment and vacancies revisited

[PDF] from uzh.ch
M Hagedorn… - 2008 - papers.ssrn.com
Abstract: Recently, a number of authors have argued that the standard search model cannot
generate the observed business-cycle-frequency fluctuations in unemployment and job
vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy ...
Cited by 454 - Related articles - All 48 versions

Occupational specificity of human capital*

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Full text - MIT Libraries
G Kambourov… - International Economic Review, 2009 - Wiley Online Library
We find that returns to occupational tenure are substantial. Everything else being constant, 5
years of occupational tenure are associated with an increase in wages of 12%–20%.
Moreover, when occupational experience is taken into account, tenure with an industry or ...
Cited by 205 - Related articles - All 17 versions

RISING OCCUPATIONAL AND INDUSTRY MOBILITY IN THE UNITED STATES: 1968–97*

[PDF] from 134.245.92.14
Full text - MIT Libraries
G Kambourov… - International Economic Review, 2008 - Wiley Online Library
We document and analyze the high level and the substantial increase in worker mobility in the
United States over the 1968–97 period at various levels of occupational and industry
aggregation. This is important in light of the recent findings that human capital of workers ...
Cited by 132 - Related articles - Library Search - BL Direct - All 29 versions

Occupational mobility and wage inequality

[PDF] from iza.org
Full text - MIT Libraries
G Kambourov… - Review of Economic Studies, 2009 - Wiley Online Library
In this article we argue that wage inequality and occupational mobility are intimately related.
We are motivated by our empirical findings that human capital is occupation specific and that
the fraction of workers switching occupations in the US was as high as 16% a year in the ...
Cited by 122 - Related articles - Library Search - All 52 versions

[PDF] Accounting for the Changing Life-Cycle Profile of Earnings

[PDF] from yale.edu
G Kambourov… - University of Pennsylvania. Mimeo, 2005 - aida.wss.yale.edu
Abstract We document a significant flattening of life-cycle earnings profiles for the
successive cohorts of male workers entering the labor market since the late 1960s. Further,
we provide evidence on the steepening in the profiles of earnings inequality and an ...
Cited by 24 - Related articles - View as HTML - All 26 versions

[PDF] A Cautionary Note on Using (March) CPS Data to Study Worker Mobility

[PDF] from upenn.edu
G Kambourov… - manuscript, University of …, 2004 - economics.sas.upenn.edu
Abstract We contrast (March) CPS with the newly released, by the Panel Study of Income
Dynamics, Retrospective Occupation-Industry Supplemental Data Files as sources of data
for measuring the dynamics of worker mobility in the United States at various levels of ...
Cited by 13 - Related articles - View as HTML - All 3 versions

[PDF] Rising Occupational and Industry Mobility in the US: Evidence from the 1968-1993 PSID

[PDF] from upenn.edu
G Kambourov… - University of Western Ontario, 2002 - econ.upenn.edu
Abstract In this paper we document the basic facts characterizing the dynamics of
occupational and industry mobility in the US over the 1968-1993 period at various levels of
occupational and industry aggregation. We find a substantial overall increase in ...
Cited by 12 - Related articles - View as HTML - All 2 versions

[PDF] Spot Wages over the Business Cycle?

[PDF] from nber.org
M Hagedorn… - Unpublished manuscript, 2009 - nber.org
Abstract We consider a model with on-the-job search where current wages depend only on
current aggregate labor market conditions and match-specific idiosyncratic productivities.
We nevertheless show that the model replicates findings which have been interpreted as ...
Cited by 10 - Related articles - View as HTML - All 12 versions

PRODUCTIVITY AND THE LABOR MARKET: COMOVEMENT OVER THE BUSINESS CYCLE*

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Full text - MIT Libraries
M Hagedorn… - International Economic Review, 2011 - Wiley Online Library
The productivity-driven Mortensen–Pissarides model predicts that labor productivity is
strongly correlated with labor market variables whereas these correlations were argued to
be much weaker in the data, especially since the 1980s. We first document that the size of ...
Cited by 9 - Related articles - All 14 versions

[PDF] The U-Shapes of occupational mobility

[PDF] from nber.org
F Groes, P Kircher… - University of Pennsylvania mimeo, 2009 - nber.org
Abstract Using administrative panel data on 100% of Danish population we document a new
set of facts characterizing the patterns of occupational mobility. We find that a worker's
probability of switching occupation is U-shaped in his position in the wage distribution in ...
Cited by 9 - Related articles - View as HTML - All 20 versions

[PDF] The Price of Experience

[PDF] from psu.edu
H Jeong, Y Kim… - 2008 - Citeseer
Abstract We propose and estimate a model in which changes in the demographic
composition of the labor force may affect the returns to labor market experience. We
consider workers as providing two distinct productive services–physical effort, or “labor,” ...
Cited by 8 - Related articles - View as HTML - All 22 versions

[CITATION] Worker mobility in the United States and Germany: a primer

M Hagedorn, G Kambourov… - 2004 - mimeo, University of Pennsylvania
Cited by 7 - Related articles

[CITATION] Occupation-Specific Human Capital: Evidence from the Panel Study of Income Dynamics

G Kambourov… - University of Western Ontario, mimeo, 2002
Cited by 6 - Related articles

[CITATION] oThe Cyclical Behavior of Equilibrium Un% employment and Vacancies Revisited, pmimeo

M Hagedorn… - IZA and University of Pennsylvania, 2007
Cited by 5 - Related articles

[PDF] Job selection and wages over the business cycle

[PDF] from psu.edu
M Hagedorn… - 2010 - Citeseer
Abstract We consider a model with on-the-job search where current wages depend only on
current aggregate labor market conditions and idiosyncratic match-specific productivities.
We show theoretically that the model replicates findings typically interpreted as evidence ...
Cited by 5 - Related articles - View as HTML - All 8 versions

Occupational specificity of human capital

I Manovskii… - 2004 Meeting Papers, 2004 - ideas.repec.org
In this paper we document substantial returns to occupational tenure. Everything else being
constant, ten years of occupational tenure are likely to increase wages by at least $19\% $.
Moreover, we show that when occupational experience is taken into account, tenure with ...
Cited by 4 - Related articles - Cached - All 4 versions

[PDF] Returns to Government Sponsored Training

[PDF] from iza.org
G Kambourov, I Manovskii… - preliminary draft abstract, version …, 2005 - iza.org
Abstract The rapidly growing literature studying the returns to firm-and
governmentsponsored training has made a striking observation. Returns to firm-sponsored
training are positive and large while returns to government-sponsored training are low or ...
Cited by 4 - Related articles - View as HTML - All 11 versions

[PDF] The Cyclical Behavior of Equi% librium Unemployment and Vacancies with Worker Heterogeneity

[PDF] from psu.edu
M Hagedorn, I Manovskii… - Unpublished Paper, University of …, 2008 - Citeseer
Abstract In this paper, we extend the basic Mortensen-Pissarides search and matching
model along two dimensions. First, we allow for ex-ante heterogeneity between workers.
Second, two technology shocks, neutral and investment-specific, are the driving forces of ...
Cited by 4 - Related articles - View as HTML - All 13 versions

[PDF] Productivity Gains from Progressive Taxation of Labor Income

[PDF] from upenn.edu
I Manovskii - 2003 - econ.upenn.edu
Abstract I show that, in the absence of complete insurance markets, progressive taxation of
labor income may provide productivity and welfare gains as compared to a
revenueequivalent proportional tax. In order to increase income in the future, individuals ...
Cited by 4 - Related articles - View as HTML - All 4 versions

[CITATION] The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited

I Manovskii… - 2005 - mimeo, University of Pennsylvania
Cited by 4 - Related articles

[PDF] A Cautionary Note on Using (March) CPS and PSID Data to Study Worker Mobility

[PDF] from upenn.edu
G Kambourov… - Macroeconomic Dynamics, 2009 - econ.upenn.edu
Abstract The monthly Current Population Survey (CPS), with its Annual Demographic March
supplement, and the Panel Study of Income Dynamics (PSID) are the leading sources of
data on worker reallocation across occupations, industries, and firms. Much of the active ...
Cited by 4 - Related articles - View as HTML - Get it from MIT Libraries - All 4 versions

Demographic change and the return to experience

[PDF] from usc.edu
H Jeong, Y Kim… - 2008 - papers.ssrn.com
Abstract: We propose and estimate a model in which changes in the demographic
composition of the labor force may affect the returns to labor market experience. We
consider workers as providing two distinct productive services-physical effort, or" labor," ...
Cited by 3 - Related articles - All 15 versions

[CITATION] Accounting for the Changing Life-Cycle Profile of Earnings

I Manovskii… - 2005 Meeting Papers, 2005 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
Cited by 3 - Related articles - Cached - All 4 versions

[PDF] The cyclical behavior of unemployment, vacancies, and wages

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M Hagedorn… - Unpublished Manuscript, University …, 2007 - acrobatplanet.com
Abstract We incorporate time to build and a stochastic value of home production into the
Mortensen Pissarides search and matching model. We show that a reasonable calibration of
the extended model delivers not only the fluctuations in unemployment and vacancies that ...
Cited by 3 - Related articles - View as HTML - All 5 versions

[CITATION] nA Cautionary Note on Using (March) CPS Data to Study Worker Mobility. o Draft

G Kambourov… - University of Pennsylvania, 2004
Cited by 3 - Related articles

[PDF] Occupational Mobility and the Returns to Training

[PDF] from utoronto.ca
G Kambourov, I Manovskii… - 2010 - economics.utoronto.ca
Abstract The literature on the returns to training has pointed out that, immediately following a
training episode, wages of participants in employer-sponsored training increase
substantially while wages of participants in government-sponsored training hardly change ...
Cited by 2 - Related articles - View as HTML - All 11 versions

[CITATION] Rising Occupational and Industrial Mobility in the US: Evidence from the 1968-1993 PSID

G Kambourov… - 2003 - mimeo
Cited by 2 - Related articles

[PDF] Search frictions and wage dispersion

[PDF] from ucsb.edu
M Hagedorn… - 2010 - laef.ucsb.edu
Abstract Using the on-the-job search model we show theoretically how match-specific
productivities can be identified. Second, we propose a way to empirically measure the
contribution of match-specific productivities to wages. Having an independent ...
Cited by 2 - Related articles - View as HTML - All 9 versions

[CITATION] Demographic change and relative wages

H Jeong, Y Kim… - 2007 - mimeo
Cited by 2 - Related articles

[CITATION] forthcoming.“Occupational Specificity of Human Capital.”

G Kambourov… - International Economic Review
Cited by 2 - Related articles - Get it from MIT Libraries

Families and careers

[PDF] from utoronto.ca
G Kambourov, I Manovskii… - Frontiers of Family …, 2009 - emeraldinsight.com
Abstract We study trends in occupational and geographic mobility of single and married men
and women in the United States over the last 40 years. We find that while occupational
mobility has increased for almost all subgroups of males, most of the increase was ...
Cited by 2 - Related articles - All 6 versions

[CITATION] Fragility: A Quantitative Analysis of the US Health Insurance System, manuscript

B Brugemann… - Yale University, 2010
Cited by 2 - Related articles

[PDF] Fragility: A Quantitative Analysis of the US Health Insurance System

[PDF] from nber.org
B Brügemann… - 2010 - nber.org
Abstract In this paper we attempt to understand the workings of the US health care system.
This system is largely employer based. The dominance of employer provided insurance is
typically attributed to its tax deductibility, which is not available to workers purchasing ...
Cited by 3 - Related articles - View as HTML - All 16 versions

[CITATION] Labor productivity during recession of 2008: Basic data, facts

B Brügemann, M Hagedorn… - … 2010. URL http://www. econ. upenn. …
Cited by 2 - Related articles

[CITATION] Forthcoming.“The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited.”

M Hagedorn… - American Economic Review
Cited by 2 - Related articles - Get it from MIT Libraries

[PDF] Wages over the business cycle: Spot markets?

[PDF] from uva.nl
M Hagedorn… - 2009 - feb.uva.nl
Abstract We consider a model with on-the-job search where current wages depend only on
current aggregate labor market conditions and match-specific idiosyncratic productivities.
We nevertheless show that the model replicates findings which have been interpreted as ...
Cited by 1 - Related articles - View as HTML - All 16 versions

[PDF] Taxation and Unemployment in Models with Heterogeneous Workers

[PDF] from upenn.edu
M Hagedorn, I Manovskii… - 2009 - econ.upenn.edu
Abstract We introduce ex-ante heterogeneity between workers and two technology shocks,
neutral and investment-specific, as the driving forces into the basic Mortensen-Pissarides
search and matching model. The calibrated model is simultaneously consistent with a ...
Cited by 1 - Related articles - View as HTML - All 6 versions

[PDF] Labor Productivity during Postwar Recessions: Basic Data, Facts, and Figures

[PDF] from psu.edu
B Brügemann, M Hagedorn… - 2010 - Citeseer
Abstract The behavior of labor productivity in the US during the 2007-09 recession, and how
it compares to previous postwar recessions, has received a lot of attention. Beyond the
recent recession, the cyclical behavior of labor productivity has long been central to ...
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Occupational Mobility and Wage Inequality, Second Version

G Kambourov… - PIER Working Paper No. 04-026, 2004 - papers.ssrn.com
Abstract: In this study we argue that wage inequality and occupational mobility are intimately
related. We are motivated by our empirical findings that human capital is occupation-specific
and that the fraction of workers switching occupations in the United States was as high as ...
Related articles - All 5 versions

Returns to Government Sponsored Training

M Plesca, G Kambourov… - 2005 Meeting …, 2005 - en.scientificcommons.org
Abstract Returns Government Sponsored Training Gueorgui Kambourov University Toronto
kambourov utoronto Iourii Manovskii University Pennsylvania manovski econ upenn edu
Miana Plesca University Guelph miplesca uoguelph VERY PRELIMINARY AND ...
Cached - All 4 versions

[CITATION] Two essays on frequency domain testing for long-run relationship between finance and growth and international stock market efficiency

IS Manovskii - 1997 - Vanderbilt University
Library Search

[PDF] Labor Productivity during Recession of 2008: Basic Data, Facts, and Figures

[PDF] from umn.edu
B Brügemann, M Hagedorn… - 2010 - econ.umn.edu
Abstract There is controversy in the literature regarding the behavior of labor productivity in
the US during the recession of 2008 and its comparison with productivity dynamics during
other post-WWII recessions. The objective of this project is to construct and make ...
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[PDF] Identifying Technology Shocks in Models with Heterogeneous Inputs

[PDF] from philadelphiafed.org
L Bocola, M Hagedorn… - 2011 - philadelphiafed.org
Abstract We show that the key identifying assumptions underlying the existing approaches to
estimating neutral aggregate technology shocks are violated in models with heterogeneous
capital and labor. We propose a new method to identifying technology shocks in the data ...
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[CITATION] Documenting Occupational Specificity of Human Capital and Exploring Its Equlibrium Implications

IS Manovskii - 2006

[PDF] Labour Market Search and Policy Applications

[PDF] from cesifo-group.de
M Hagedorn… - cesifo-group.de
Abstract We consider a model with on-the-job search where current wages depend only on
current aggregate labor market conditions and match-specific idiosyncratic productivities.
We nevertheless show that the model replicates findings which have been interpreted as ...
Related articles - View as HTML

Occupational Mobility and Wage Inequality PDF Logo

[PDF] from econstor.eu
G Kambourov… - 2004 - econstor.eu
Zusammenfassung: In this study we argue that wage inequality and occupational mobility
are intimately related. We are motivated by our empirical findings that human capital is
occupation-specific and that the fraction of workers switching occupations in the United ...
Related articles

[PDF] The Experience Premium (Preliminary)!

[PDF] from sogang.ac.kr
H Jeong… - 2011 - sogang.ac.kr
Abstract We assess the role of supply, through the demographic changes of the workforce, in
accounting for the large changes in the return to labor market experience over time. Using
the PSID (1968'2007), we find that the movement of the return to experience is almost ...
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[PDF] Labour Market Search and Policy Applications

[PDF] from cesifo-group.de
B Brügemann… - 2010 - cesifo-group.de
Abstract We develop an equilibrium model of the US employer-based health insurance
system and study quantitatively the effects of proposed reforms of the system. We assess the
role of tax-advantaged treatment of employer purchased coverage and legal non- ...
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Labor Market Complementarity: A Perspective on Inequality and Productivity Dynamics

H Jeong, Y Kim… - 2006 Meeting Papers, 2006 - ideas.repec.org
Two salient changes in the US wage structure have occurred over the past three decades:
first, a sharp increase in the wage premium to schooling despite a continual increase in the
supply of schooling, and second, a rise and then fall of the wage premium to work ...
Cached - All 4 versions

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