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Michael Elsby

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Michael Elsby & Bart Hobijn & Ayseful Sahin, 2013. "The Decline of the U.S. Labor Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(2 (Fall)), pages 1-63.

    Mentioned in:

    1. Labor's Declining Share: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-06-05 17:43:02
  2. Elsby, Michael W.L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2011. "The role of worker flows in the dynamics and distribution of UK unemployment," The Warwick Economics Research Paper Series (TWERPS) 962, University of Warwick, Department of Economics.

    Mentioned in:

    1. "Strivers" vs "scroungers": a false dichotomy
      by chris dillow in Stumbling and Mumbling on 2012-12-11 20:50:45
    2. Recovery for whom?
      by chris dillow in Stumbling and Mumbling on 2013-09-16 18:50:18
  3. Michael W. L. Elsby & Bart Hobijn & Aysegul Sahin, 2010. "The Labor Market in the Great Recession," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(1 (Spring), pages 1-69.

    Mentioned in:

    1. El mercado de trabajo en la Gran Recesión (I): “el pánico a contratar” y el “pánico a moverse”
      by Florentino Felgueroso in Nada Es Gratis on 2011-06-24 11:46:23

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Michael W. L. Elsby & Matthew D. Shapiro, 2012. "Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle," American Economic Review, American Economic Association, vol. 102(4), pages 1378-1413, June.

    Mentioned in:

    1. Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle (AER 2012) in ReplicationWiki ()
  2. Michael W. L. Elsby & Ryan Michaels, 2013. "Marginal Jobs, Heterogeneous Firms, and Unemployment Flows," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(1), pages 1-48, January.

    Mentioned in:

    1. Marginal Jobs, Heterogeneous Firms, and Unemployment Flows (AEJ:MA 2013) in ReplicationWiki ()
  3. Gary Solon & Ryan Michaels & Michael W. L. Elsby, 2009. "The Ins and Outs of Cyclical Unemployment," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 84-110, January.

    Mentioned in:

    1. The Ins and Outs of Cyclical Unemployment (AEJ:MA 2009) in ReplicationWiki ()

Working papers

  1. Michael Elsby & Axel Gottfries & Pawel Krolikowski & Gary Solon, 2023. "Wage Adjustment in Efficient Long-Term Employment Relationships," Working Papers 23-23, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Morten Bennedsen & Antoine Bertheau & Marianna Kudlyak & Birthe Larsen, 2025. "Why Firms Lay Off Workers Instead of Cutting Wages: Evidence from Linked Survey-Administrative Data," Working Paper Series 2025-05, Federal Reserve Bank of San Francisco.

  2. Michael W. L. Elsby & Jennifer C. Smith & Jonathan Wadsworth, 2021. "Population growth, immigration and labour market dynamics," CEP Discussion Papers dp1814, Centre for Economic Performance, LSE.

    Cited by:

    1. Li Qi & Mousumi Akter & Hero Rana Barua Mito & Md Shahriar Kabir Sajib & Ahnaf Aiman Abdi, 2025. "South Asian cross-country impact analysis of macro-economic factors on unemployment: a quantile regression approach," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.

  3. Elsby, Michael & Solon, Gary, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips," IZA Discussion Papers 12125, IZA Network @ LISER.

    Cited by:

    1. Lennard, Jason, 2021. "Sticky wages and the Great Depression: Evidence from the United Kingdom," eabh Papers 21-01, The European Association for Banking and Financial History (EABH).
    2. Lucifora, Claudio & Origo, Federica, 2025. "Rigid Yet Resilient: Firms' Margins of Adjustment to Demand Shocks in Regulated Labour Markets," IZA Discussion Papers 17670, IZA Network @ LISER.
    3. Benjamin Born & Francesco D’Ascanio & Gernot J. Müller & Johannes Pfeifer, 2021. "Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate," ifo Working Paper Series 352, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Michael W. L. Elsby & Gary Solon, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 185-201, Summer.
    5. Daniel Schaefer & Carl Singleton, 2023. "The Extent of Downward Nominal Wage Rigidity: New Evidence from Payroll Data," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 60-76, December.
    6. Lucifora, Claudio & Origo, Federica, 2025. "Rigid yet resilient: Firms’ margins of adjustment to demand shocks in regulated labour markets," Labour Economics, Elsevier, vol. 94(C).
    7. Grundmann, Susanna & Giamattei, Marcus & Graf Lambsdorff, Johann, 2020. "On the downward rigidity of wages: Evidence from an experimental labour market with monetary neutrality," Passauer Diskussionspapiere, Volkswirtschaftliche Reihe V-80-20, University of Passau, Faculty of Business and Economics.
    8. Guyonne Kalb & Jordy Meekes, 2021. "Wage Growth Distribution and Changes over Time: 2001–2018," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(1), pages 76-93, March.
    9. Eric Smith, 2023. "On-the Job Wage Dynamics," CESifo Working Paper Series 10788, CESifo.
    10. Reizer, Balázs, 2022. "Employment and Wage Consequences of Flexible Wage Components," Labour Economics, Elsevier, vol. 78(C).
    11. Marco Fongoni & Daniel Schaefer & Carl Singleton, 2023. "Why wages don't fall in jobs with incomplete contracts," Economics Discussion Papers em-dp2023-12, Department of Economics, University of Reading.
    12. Lachowska, Marta & Mas, Alexandre & Woodbury, Stephen A., 2022. "How reliable are administrative reports of paid work hours?," Labour Economics, Elsevier, vol. 75(C).
    13. Axel Gottfries, 2026. "Bargaining with Renegotiation in Models with On-the-Job Search," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 61, August.
    14. Davis, Steven J. & Krolikowski, Pawel M., 2023. "Sticky Wages on the Layoff Margin," IZA Discussion Papers 16351, IZA Network @ LISER.
    15. Adamopoulou, Effrosyni & Villanueva, Ernesto, 2020. "Wage Determination and the Bite of Collective Contracts in Italy and Spain: Evidence from the Metalworking Industry," IZA Discussion Papers 13542, IZA Network @ LISER.
    16. Daniel Monte & Roberto Pinheiro, 2021. "Labor market competition over the business cycle," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1593-1615, October.
    17. Michael Elsby & Axel Gottfries & Pawel Krolikowski & Gary Solon, 2023. "Wage Adjustment in Efficient Long-Term Employment Relationships," Working Papers 23-23, Federal Reserve Bank of Cleveland.
    18. Abrahams, Scott, 2024. "Downward minimum wage rigidity: Evidence from a temporary four-month increase in St. Louis," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 30-47.
    19. Wolf, Martin, 2020. "Pecuniary externalities in economies with downward wage rigidity," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 219-235.
    20. Osborne Jackson, 2020. "An Approach to Predicting Regional Labor Market Effects of Economic Shocks: The COVID-19 Pandemic in New England," Current Policy Perspectives 88244, Federal Reserve Bank of Boston.
    21. Cortes, Guido Matias & Forsythe, Eliza, 2021. "Impacts of the COVID-19 pandemic and the CARES act on earnings and inequality," CLEF Working Paper Series 41, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    22. Goerke, Laszlo, 2020. "An Efficiency-Wage Model with Habit Concerns about Wages," IZA Discussion Papers 13454, IZA Network @ LISER.
    23. Charles Ka Yui Leung & Edward Chi Ho Tang, 2023. "The dynamics of the house price‐to‐income ratio: Theory and evidence," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 61-78, January.
    24. Anne Kathrin Funk & Daniel Kaufmann, 2022. "Do Sticky Wages Matter? New Evidence from Matched Firm Survey and Register Data," Economica, London School of Economics and Political Science, vol. 89(355), pages 689-712, July.
    25. Jardim, Ekaterina & Solon, Gary & Vigdor, Jacob, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State," IZA Discussion Papers 12124, IZA Network @ LISER.
    26. Park, Seonyoung & Shin, Donggyun, 2019. "Inflation and wage rigidity/flexibility in the short run," Working Paper Series 20917, Victoria University of Wellington, School of Economics and Finance.
    27. Alexander Bick & Adam Blandin, 2020. "The Labor Market Impact of a Pandemic: Validation and Application of a Do-It-Yourself CPS," Working Papers 2031, Federal Reserve Bank of Dallas.
    28. Marco Fongoni & Daniel Schaefer & Carl Singleton, 2023. "When are wages cut? The roles of incomplete contracts and employee involvement," Economics Discussion Papers em-dp2023-03, Department of Economics, University of Reading.
    29. Lechthaler, Wolfgang & Mileva, Mariya, 2024. "Trade liberalization, wage inequality, and monetary policy," Journal of International Money and Finance, Elsevier, vol. 143(C).
    30. Daniel Schäfer & Carl Singleton, 2020. "Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data," Economics working papers 2020-11, Department of Economics, Johannes Kepler University Linz, Austria.
    31. André Kurmann & Erika McEntarfer, 2019. "Downward Nominal Wage Rigidity in the United States: New Evidence from Worker-Firm Linked Data," Working Papers 19-07, Center for Economic Studies, U.S. Census Bureau.
    32. Merkl, Christian & Stüber, Heiko, 2023. "Wage and Employment Cyclicalities at the Establishment Level," GLO Discussion Paper Series 1344, Global Labor Organization (GLO).
    33. Ladislav Suhányi & Alžbeta Suhányiová & Jaroslava Kádárová & Jaroslava Janeková, 2023. "Relationships between Average Wages in the Manufacturing Sector and Economic Indicators of the Manufacturing Sector in the Region of Visegrad Group Countries," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    34. Jo, Yoon Joo, 2025. "Beyond the spike at zero: Understanding nominal wage rigidity through empirical and model-based approaches," Journal of International Economics, Elsevier, vol. 157(C).
    35. Bruce Fallick & Daniel Villar Vallenas & William L. Wascher, 2020. "Downward Nominal Wage Rigidity in the United States during and after the Great Recession," Working Papers 16-02R, Federal Reserve Bank of Cleveland.
    36. Kandoussi, Malak & Langot, François, 2025. "Modeling and evaluating the heterogeneous impacts of the COVID-19 on US unemployment," Economic Modelling, Elsevier, vol. 143(C).
    37. Marco Fongoni, 2025. "Costly Wage Cuts, Relative Wage Comparisons, and Unemployment Hysteresis," AMSE Working Papers 2540, Aix-Marseille School of Economics, France.
    38. Francesco D'Amuri & Salvatore Lattanzio & Benjamin S. Smith, 2023. "The anatomy of labor cost adjustment to demand shocks: Germany and Italy during the Great Recession," Temi di discussione (Economic working papers) 1411, Bank of Italy, Economic Research and International Relations Area.
    39. Laszlo Goerke, 2021. "Habit formation and wage determination," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(1), pages 61-76, January.
    40. Johannes Matschke, 2022. "Effective Downward Nominal Wage Rigidities," Research Working Paper RWP 22-10, Federal Reserve Bank of Kansas City, revised 15 Apr 2026.
    41. Gale, William G., 2020. "Raising Revenue with a Progressive Value-Added Tax," MPRA Paper 99197, University Library of Munich, Germany.
    42. Morten Bennedsen & Antoine Bertheau & Marianna Kudlyak & Birthe Larsen, 2025. "Why Firms Lay Off Workers Instead of Cutting Wages: Evidence from Linked Survey-Administrative Data," Working Paper Series 2025-05, Federal Reserve Bank of San Francisco.
    43. Fallick, Bruce & Villar, Daniel & Wascher, William, 2022. "Downward nominal wage rigidity in the United States in times of economic distress and low inflation," Labour Economics, Elsevier, vol. 78(C).
    44. Malak Kandoussi & François Langot, 2021. "On the heterogeneous impacts of the COVID-19 lockdown on US unemployment," Working Papers hal-03107369, HAL.
    45. Melissa van Rensburg, 2022. "The impact of New Zealand’s macroeconomic frameworks on living standards," Treasury Analytical Notes Series an22/02, New Zealand Treasury.
    46. Olafsdottir, Katrin, 2020. "A deep recession came with deep wage cuts," Economics Letters, Elsevier, vol. 189(C).
    47. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    48. Chan, See-Yu & Hobler, Stephan & Van Rens, Thijs, 2025. "Why did we think wages are rigid for all those years?," The Warwick Economics Research Paper Series (TWERPS) 1577, University of Warwick, Department of Economics.
    49. Adamopoulou, Effrosyni & Villanueva, Ernesto, 2022. "Wage determination and the bite of collective contracts in Italy and Spain," Labour Economics, Elsevier, vol. 76(C).
    50. Daniel Monte & Roberto Pinheiro, 2020. "Oligopsonies over the Business Cycle," Working Papers 20-06, Federal Reserve Bank of Cleveland.
    51. Ravenna, Federico & Cacciatore, Matteo, 2020. "Uncertainty, Wages, and the Business Cycle," CEPR Discussion Papers 14715, Centre for Economic Policy Research.
    52. Arango, Luis E. & Rivera, Sergio A., 2022. "Moderate wage increases and flexible labour contracts to protect employment in Colombian manufacturing," Journal of Policy Modeling, Elsevier, vol. 44(3), pages 578-598.
    53. Benjamin Friedrich & Lisa Laun & Costas Meghir & Luigi Pistaferri, 2024. "Earnings Dynamics and Firm-Level Shocks," Cowles Foundation Discussion Papers 2383, Cowles Foundation for Research in Economics, Yale University.
    54. Benjamin Born & Francesco D'Ascanio & Gernot Müller & Johannes Pfeifer, 2019. "The Worst of Both Worlds: Fiscal Policy and Fixed Exchange Rates," CESifo Working Paper Series 7922, CESifo.
    55. Adam, Klaus & Weber, Henning, 2024. "The optimal inflation target: Bridging the gap between theory and policy," Discussion Papers 44/2024, Deutsche Bundesbank.

  4. Michael Elsby & David Ratner & Ryan Michaels, 2018. "The Wages of Nonemployment," 2018 Meeting Papers 1077, Society for Economic Dynamics.

    Cited by:

    1. Amanda Michaud & David Wiczer, 2018. "The Disability Option: Labor Market Dynamics with Macroeconomic and Health Risks," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20187, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).

  5. Michael Elsby & Ryan Michaels & David Ratner, 2017. "The Aggregate Effects of Labor Market Frictions," Working Papers 17-40, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Fatih Karahan & Benjamin Pugsley & Ayşegül Şahin, 2019. "Demographic Origins of the Startup Deficit," NBER Working Papers 25874, National Bureau of Economic Research, Inc.
    2. Björn Brügemann, 2021. "Invariance of Unemployment and Vacancy Dynamics with Respect to Diminishing Returns to Labor at the Firm Level," Tinbergen Institute Discussion Papers 21-034/VI, Tinbergen Institute.
    3. Beverly, Josh & Stewart, Shamar L. & Neill, Clinton L., 2024. "What drives labor force participation rate variability? The case of West Virginia," Economic Modelling, Elsevier, vol. 140(C).

  6. Michael Elsby & Bart Hobijn & Ayşegül Şahin, 2013. "On the Importance of the Participation Margin for Market Fluctuations," Working Paper Series 2013-05, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Robert E. Hall, 2014. "Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis," NBER Working Papers 20183, National Bureau of Economic Research, Inc.
    2. Stephanie Aaronson & Tomaz Cajner & Bruce Fallick & Felix Galbis-Reig & Christopher Smith & William Wascher, 2014. "Labor Force Participation: Recent Developments and Future Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 45(2 (Fall)), pages 197-275.
    3. Gonul Sengul & Murat Tasci, 2014. "Unemployment Flows, Participation, and the Natural Rate for Turkey," Working Papers (Old Series) 1422, Federal Reserve Bank of Cleveland.
    4. Regis Barnichon & Andrew Figura, 2015. "Declining Desire to Work and Downward Trends in Unemployment and Participation," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 449-494, National Bureau of Economic Research, Inc.
    5. Troy Davig & Jose Mustre-del-Rio, 2013. "The shadow labor supply and its implications for the unemployment rate," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 5-29.
    6. Pawel Krolikowski, 2017. "Job Ladders and Earnings of Displaced Workers," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(2), pages 1-31, April.
    7. Peter A. Diamond, 2013. "Cyclical Unemployment, Structural Unemployment," NBER Working Papers 18761, National Bureau of Economic Research, Inc.
    8. Kory Kroft & Fabian Lange & Matthew J. Notowidigdo & Matthew Tudball, 2018. "Long Time Out: Unemployment and Joblessness in Canada and the United States," NBER Working Papers 25236, National Bureau of Economic Research, Inc.
    9. Hall, R.E., 2016. "Macroeconomics of Persistent Slumps," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2131-2181, Elsevier.
    10. Blumkin, Tomer & Danziger, Leif & Yashiv, Eran, 2016. "Optimal Unemployment Benefit Policy and the Firm Productivity Distribution," IZA Discussion Papers 9967, IZA Network @ LISER.
    11. Kory Kroft & Fabian Lange & Matthew J. Notowidigdo & Lawrence F. Katz, 2014. "Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation," NBER Working Papers 20273, National Bureau of Economic Research, Inc.
    12. Régis Barnichon & Andrew Figura, 2013. "Declining Labor Force Attachment and Downward Trends in Unemployment and Participation," Finance and Economics Discussion Series 2013-88, Board of Governors of the Federal Reserve System (U.S.).
    13. Steven J. Davis & John Haltiwanger, 2014. "Labor Market Fluidity and Economic Performance," NBER Working Papers 20479, National Bureau of Economic Research, Inc.
    14. Christopher L. Foote & Richard W. Ryan, 2014. "Labor-Market Polarization over the Business Cycle," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 371-413, National Bureau of Economic Research, Inc.
    15. Pawel Krolikowski, 2016. "Choosing a Control Group for Displaced Workers," Working Papers (Old Series) 1605, Federal Reserve Bank of Cleveland.
    16. Alessia Campolmi & Stefano Gnocchi, 2014. "Labor Market Participation, Unemployment and Monetary Policy," Staff Working Papers 14-9, Bank of Canada.
    17. Hess T. Chung & Bruce Fallick & Christopher J. Nekarda & David Ratner, 2015. "Assessing the Change in Labor Market Conditions," Working Papers (Old Series) 1438, Federal Reserve Bank of Cleveland.

  7. Michael W. Elsby & Donggyun Shin & Gary Solon, 2013. "Wage Adjustment in the Great Recession," NBER Working Papers 19478, National Bureau of Economic Research, Inc.

    Cited by:

    1. John Grigsby & Erik Hurst, 2019. "Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data," 2019 Meeting Papers 153, Society for Economic Dynamics.
    2. Michael W. L. Elsby & Donggyun Shin & Gary Solon, 2016. "Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 249-291.
    3. Mary Eschelbach Hansen & Michael E. Martell, 2014. "Self-Identified Sexual Orientation and the Lesbian Earnings Differential," Working Papers 2014-13, American University, Department of Economics.
    4. Giovanni Razzu & Carl Singleton, 2014. "Gender and the Business Cycle: A Stocks and Flows Analysis of US and UK Labour Market States," Economics Discussion Papers em-dp2014-10, Department of Economics, University of Reading.
    5. Christodoulopoulou, Styliani & Kouvavas, Omiros, 2022. "Wages, compositional effects and the business cycle," Working Paper Series 2653, European Central Bank.
    6. Park, Seonyoung & Shin, Donggyun, 2019. "Inflation and wage rigidity/flexibility in the short run," Working Paper Series 20917, Victoria University of Wellington, School of Economics and Finance.
    7. Boris Cournède & Paula Garda & Volker Ziemann, 2015. "Effects of Economic Policies on Microeconomic Stability," OECD Economics Department Working Papers 1201, OECD Publishing.
    8. Fabio B. Gaertner & Asad Kausar & Logan B. Steele, 2020. "Negative accounting earnings and gross domestic product," Review of Accounting Studies, Springer, vol. 25(4), pages 1382-1409, December.
    9. Christopher L. Foote & Richard W. Ryan, 2014. "Labor-Market Polarization over the Business Cycle," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 371-413, National Bureau of Economic Research, Inc.
    10. Boris Hirsch & Thomas Zwick, 2015. "How Selective Are Real Wage Cuts? A Micro-analysis Using Linked Employer–Employee Data," LABOUR, CEIS, vol. 29(4), pages 327-347, December.
    11. Marczak, Martyna & Gómez, Víctor, 2015. "Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis," Economic Modelling, Elsevier, vol. 47(C), pages 40-52.
    12. Giovanni Razzu & Carl Singleton, 2015. "Segregation and Gender Gaps through the UK's Great Recession," Economics Discussion Papers em-dp2015-02, Department of Economics, University of Reading.
    13. Michael Siemer, 2014. "Firm Entry and Employment Dynamics in the Great Recession," Finance and Economics Discussion Series 2014-56, Board of Governors of the Federal Reserve System (U.S.).

  8. Michael Elsby & Bart Hobijn & Ayşegül Şahin, 2013. "The Decline of the U.S. Labor Share," Working Paper Series 2013-27, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Lippi, Francesco & Perri, Fabrizio, 2023. "Unequal growth," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 1-18.
    2. Marjan Petreski & Stefan Tanevski, 2023. "Bargain your share: The role of workers bargaining power for labor share, with reference to transition economies," Papers 2310.04904, arXiv.org.
    3. Dani Rodrik, 2018. "Populism and the economics of globalization," Journal of International Business Policy, Palgrave Macmillan, vol. 1(1), pages 12-33, June.
    4. Ariell Reshef & Gianluca Santoni, 2022. "Are Your Labor Shares Set in Beijing? The View through the Lens of Global Value Chains," CESifo Working Paper Series 9835, CESifo.
    5. Velic, Adnan, 2025. "Relative finance wages and inequality: A role for intangibles?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 103(C).
    6. Isabella Maassen & Filip Mellgren & Jonas Overhage, 2025. "Monopsony Power and Creative Destruction: Static Loss, Faster Growth," CESifo Working Paper Series 11820, CESifo.
    7. Andrea Eisfeldt & Antonio Falato & Mindy Z. Xiaolan, 2018. "The Rise of Human Capitalist," 2018 Meeting Papers 1110, Society for Economic Dynamics.
    8. Vallés, Javier & Salas Fumás, Vicente & San Juan, Lucio, 2022. "Corporate economic profits in the euro area: The relevance of cost competitive advantage," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 569-585.
    9. Andrew Glover & Jacob Short, 2020. "Can Capital Deepening Explain the Global Decline in Labor's Share?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 35-53, January.
    10. Basso, Henrique S. & Jimeno, Juan F., 2021. "From secular stagnation to robocalypse? Implications of demographic and technological changes," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 833-847.
    11. Fisher, Jonathan D. & Johnson, David S. & Smeeding, Timothy M. & Thompson, Jeffrey P., 2020. "Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth," Journal of Macroeconomics, Elsevier, vol. 65(C).
    12. Alessandro Bellocchi, 2020. "Labor share is falling down, but which one?," Working Papers 2001, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2020.
    13. Teichgraeber, Andreas Oliver Felix & Van Reenen, John, 2021. "Have productivity and pay decoupled in the UK?," LSE Research Online Documents on Economics 113833, London School of Economics and Political Science, LSE Library.
    14. Eeckhout, Jan & De loecker, Jan, 2017. "The Rise of Market Power and the Macroeconomic Implications," CEPR Discussion Papers 12221, Centre for Economic Policy Research.
    15. Hernando Zuleta, 2015. "Getting Growth Accounting Right," Documentos CEDE 13814, Universidad de los Andes, Facultad de Economía, CEDE.
    16. Bom, Pedro R.D. & Erauskin, Iñaki, 2021. "Productive government investment and the labor share," MPRA Paper 108381, University Library of Munich, Germany.
    17. Dávila, Andrés O. & Fernandez Sierra, Manuel & Zuleta, Hernando, 2021. "The Natural Resource Boom and the Uneven Fall of the Labor Share," IZA Discussion Papers 14592, IZA Network @ LISER.
    18. Daisuke ADACHI & Yukiko SAITO, 2020. "Multinational Production and Labor Share," Discussion papers 20012, Research Institute of Economy, Trade and Industry (RIETI).
    19. Ibarra, Carlos A. & Ros, Jaime, 2019. "The decline of the labor income share in Mexico, 1990–2015," World Development, Elsevier, vol. 122(C), pages 570-584.
    20. Fernández-Villaverde, Jesús & Mandelman, Federico & Yu, Yang & Zanetti, Francesco, 2021. "The “Matthew effect” and market concentration: Search complementarities and monopsony power," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 62-90.
    21. Jacob Short & Andrew Glover, 2017. "The Age-Distribution of Earnings and the Decline in Labor's Share," 2017 Meeting Papers 1369, Society for Economic Dynamics.
    22. Garcia-Lazaro, Aida & Pearce, Nick, 2023. "Intangible capital, the labour share and national ‘growth regimes’," Journal of Comparative Economics, Elsevier, vol. 51(2), pages 674-695.
    23. Peter Josef Stauvermann & Ronald Ravinesh Kumar, 2023. "Production Efficiency and Income Distribution with Competition Induced by Antitrust Measures," JRFM, MDPI, vol. 16(9), pages 1-23, September.
    24. Prettner, Klaus & Schäfer, Andreas, 2016. "Higher education and the fall and rise of inequality," Hohenheim Discussion Papers in Business, Economics and Social Sciences 19-2016, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    25. Yonatan Berman & Branko Milanovic, 2020. "Homoploutia: Top Labor and Capital Incomes in the United States, 1950-2020," Working Papers halshs-03130546, HAL.
    26. Jiang, Wei & León-Ledesma, Miguel, 2018. "Variable markups and capital-labor substitution," Economics Letters, Elsevier, vol. 171(C), pages 34-36.
    27. Clemens, Michael A., 2022. "The Economic and Fiscal Effects on the United States from Reduced Numbers of Refugees and Asylum Seekers," IZA Discussion Papers 15317, IZA Network @ LISER.
    28. Ngai, L. Rachel & Sevinc, Orhun, 2025. "A multisector perspective on wage stagnation," LSE Research Online Documents on Economics 126579, London School of Economics and Political Science, LSE Library.
    29. Petreski, Marjan, 2021. "Has globalization shrunk manufacturing labor share in transition economies?," Journal of Comparative Economics, Elsevier, vol. 49(1), pages 201-211.
    30. Fontanari, Claudia & Levrero, Enrico Sergio & Romaniello, Davide, 2024. "A composite index for workers’ bargaining power and the inflation rate in the United States, 1960–2018," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 682-698.
    31. Feng, Andy & Graetz, Georg, 2015. "Rise of the Machines: The Effects of Labor-Saving Innovations on Jobs and Wages," IZA Discussion Papers 8836, IZA Network @ LISER.
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    176. Sun, Chang, 2020. "Multinational production with non-neutral technologies," Journal of International Economics, Elsevier, vol. 123(C).
    177. Jacob Short & Andrew Glover, 2016. "Accounting for Income Shares: The Changing Demographic Distribution of Earnings and the Decline in Labor Share," 2016 Meeting Papers 1631, Society for Economic Dynamics.
    178. Miyoshi, Koyo, 2024. "The decline in the labor share: Evidence from Japanese manufacturers’ panel data," Journal of Asian Economics, Elsevier, vol. 92(C).
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    180. Dao, Mai Chi & Minoiu, Camelia & Ostry, Jonathan D., 2021. "Corporate investment and the real exchange rate," Journal of International Economics, Elsevier, vol. 131(C).
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    184. Stirati, Antonella & Paternesi Meloni, Walter, 2021. "Unemployment and the wage share: a long-run exploration for major mature economies," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 330-352.
    185. Coveri, Andrea & Pianta, Mario, 2022. "Drivers of inequality: wages vs. profits in European industries," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 230-242.
    186. Mertens, Matthias, 2019. "Micro-mechanisms behind declining labour shares: Market power, production processes, and global competition," IWH-CompNet Discussion Papers 3/2019, Halle Institute for Economic Research (IWH).
    187. Michele Boldrin & David K Levine & Yong Wang & Lijun Zhu, 2022. "A Theory of the Dynamics of Factor Shares," Levine's Working Paper Archive 11694000000000102, David K. Levine.
    188. Walter Paternesi Meloni & Antonella Stirati, 2023. "The decoupling between labour compensation and productivity in high‐income countries: Why is the nexus broken?," British Journal of Industrial Relations, London School of Economics, vol. 61(2), pages 425-463, June.
    189. Agustin Velasquez, 2023. "Production Technology, Market Power, and the Decline of the Labor Share," IMF Working Papers 2023/032, International Monetary Fund.
    190. Cette, Gilbert & Koehl, Lorraine & Philippon, Thomas, 2020. "Labor share," Economics Letters, Elsevier, vol. 188(C).
    191. Chu, Angus C. & Cozzi, Guido & Fan, Haichao & Furukawa, Yuichi & Liao, Chih-Hsing, 2018. "Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms," MPRA Paper 84711, University Library of Munich, Germany.
    192. Codrina Rada & Ansel Schiavone & Rudiger von Arnim, 2022. "Goodwin, Baumol & Lewis: How structural change can lead to inequality and stagnation," Metroeconomica, Wiley Blackwell, vol. 73(4), pages 1070-1093, November.
    193. Liu, Tingyu & Huang, Peng & Wang, Qiaoru, 2025. "The impact of digital innovation on labor share: Evidence from Chinese firms," International Review of Economics & Finance, Elsevier, vol. 99(C).
    194. Jan Behringer, 2019. "Factor shares and the rise in corporate net lending," IMK Working Paper 202-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    195. Li, Jianqiang & Hu, Ailian & Chen, Wanyi & Fang, Shiyao, 2024. "Social security fee reduction, industrial robots, and labor income share," Journal of Asian Economics, Elsevier, vol. 94(C).
    196. Peter J. Stauvermann & Ronald R. Kumar, 2022. "Does more market competition lead to higher income and utility in the long run?," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 761-782, July.
    197. Li, Quan & Zhan, Kaiyan & Jiang, Hexin & Li, Tianshu & Zhang, Yuan, 2024. "Impact of financial regulation on labor income share: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    198. Jo Michell, 2014. "Factors generating and transmitting the financial crisis; Functional distribution of income," Working papers wpaper41, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    199. Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2021. "Endogenous Education and Long-Run Factor Shares," American Economic Review: Insights, American Economic Association, vol. 3(2), pages 215-232, June.
    200. Ryosuke Shimizu & Shohei Momoda, 2021. "Does Automation Technology increase Wage?," Discussion papers ron343, Policy Research Institute, Ministry of Finance Japan.
    201. Eggertsson, Gauti B. & Robbins, Jacob A. & Wold, Ella Getz, 2021. "Kaldor and Piketty’s facts: The rise of monopoly power in the United States," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 19-38.
    202. Amendola, Marco & Ciampa, Valerio & Germani, Lorenzo, 2024. "The distributional effects of labour market deregulation: Wage share and fixed-term contracts," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 328-338.
    203. Fukao, Kyoji & Perugini, Cristiano, 2018. "The Long-Run Dynamics of the Labour Share in Japan," Discussion Paper Series 672, Institute of Economic Research, Hitotsubashi University.
    204. Brad Sturgill & Hernando Zuleta, 2016. "Variable Factor Shares and the Index Number Problem: A Generalization," Documentos CEDE 15038, Universidad de los Andes, Facultad de Economía, CEDE.
    205. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    206. Andic, Selen & Burda, Michael C., 2021. "A reversal in the global decline of the labor share?," Economics Letters, Elsevier, vol. 209(C).
    207. Schiavone, Ansel, 2023. "Labor market concentration and labor share dynamics for US regional industries," Economic Modelling, Elsevier, vol. 125(C).
    208. Kostarakos, Ilias, 2020. "Determinants of the (non-Housing) Labour Income Share in the EU," Papers WP693, Economic and Social Research Institute (ESRI).
    209. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    210. Kim, Jiwoon, 2021. "Wage negotiations in multi-worker firms and stochastic bargaining powers of existing workers," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
    211. J. Michael Orszag & Peter R. Orszag, 2015. "Labor’s Share in Hungary," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 14(2), pages 5-24.
    212. Joonyoung Hur, 2020. "Labor Income Share and Economic Fluctuations: A Sign-restricted VAR Approach," Working Papers 2002, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    213. Oscar Afonso & Rosa Forte, 2023. "How powerful are fiscal and monetary policies in a directed technical change model with humans and robots?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 3008-3032, July.
    214. Schlingemann, Frederik P. & Stulz, René M., 2022. "Have exchange-listed firms become less important for the economy?," Journal of Financial Economics, Elsevier, vol. 143(2), pages 927-958.
    215. Dodo J. Thampapillai & Yvonne Jie Chen & Christopher Ivo Bacani & Omer Baris, 2016. "New Estimates of Factor Income Shares in Central Asian Economies," Economic Papers, The Economic Society of Australia, vol. 35(3), pages 282-291, September.
    216. Bournakis, Ioannis & Vecchi, Michela & Venturini, Francesco, 2015. "Off-shoring, specialization and R&D," MPRA Paper 68382, University Library of Munich, Germany.
    217. Gaelan MacKenzie, 2021. "Trade and Market Power in Product and Labor Markets," Staff Working Papers 21-17, Bank of Canada.
    218. Andrea L. Eisfeldt & Antonio Falato & Mindy Z. Xiaolan, 2022. "Human Capitalists," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 1-61, National Bureau of Economic Research, Inc.
    219. Chad Syverson, 2016. "Challenges to Mismeasurement Explanations for the U.S. Productivity Slowdown," NBER Working Papers 21974, National Bureau of Economic Research, Inc.
    220. Marx, Magali & Mojon, Benoît & Velde, François R., 2021. "Why have interest rates fallen far below the return on capital?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 57-76.
    221. Andy Atkeson, 2020. "Alternative Facts Regarding the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 167-180, August.
    222. Thomas Hasenzagl & Luis Perez, 2023. "The Micro-Aggregated Profit Share," Papers 2309.12945, arXiv.org, revised Nov 2023.
    223. Zhao, Zuoxiang & Zhao, Qiuyun & Li, Siqi & Yan, Jiajia, 2025. "Artificial Intelligence-driven regional energy transition:Evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 48-60.
    224. Anna M. Stansbury & Lawrence H. Summers, 2017. "Productivity and Pay: Is the link broken?," NBER Working Papers 24165, National Bureau of Economic Research, Inc.
    225. Campbell, Douglas L., 2013. "Relative Prices, Hysteresis, and the Decline of American Manufacturing," MPRA Paper 51723, University Library of Munich, Germany.
    226. German Gutierrez & Sophie Piton, 2019. "Revisiting the Global Decline of the (Non-Housing) Labor Share," Discussion Papers 1913, Centre for Macroeconomics (CFM).
    227. John G. Fernald & Bing Wang, 2015. "The recent rise and fall of rapid productivity growth," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    228. Arvai, Kai & Mann, Katja, 2022. "Consumption Inequality in the Digital Age," VfS Annual Conference 2022 (Basel): Big Data in Economics 264001, Verein für Socialpolitik / German Economic Association.
    229. Jaumandreu, Jordi & Doraszelski, Ulrich, 2019. "Using Cost Minimization to Estimate Markups," CEPR Discussion Papers 14114, Centre for Economic Policy Research.
    230. Dibyendu Maiti & Chiranjib Neogi, 2020. "Endogeneity Corrected Stochastic Frontier with Market Imperfections," Working papers 313, Centre for Development Economics, Delhi School of Economics.
    231. Coveri, Andrea & Paglialunga, Elena & Zanfei, Antonello, 2024. "Global value chains and within-country inequality: The role of functional positioning," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 382-397.
    232. Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2016. "Balanced Growth Despite Uzawa," NBER Working Papers 21861, National Bureau of Economic Research, Inc.
    233. Chirinko, Robert S. & Wilson, Daniel J., 2017. "Tax competition among U.S. states: Racing to the bottom or riding on a seesaw?," Journal of Public Economics, Elsevier, vol. 155(C), pages 147-163.
    234. Zhao, Shuai & Chen, Yan, 2024. "ESG rating and labor income share: Firm-level evidence," Finance Research Letters, Elsevier, vol. 63(C).
    235. Li, Yifan & Miao, Zhuang, 2018. "Trade costs, import penetration, and markups," MPRA Paper 85668, University Library of Munich, Germany.
    236. Stiebale, Joel & Suedekum, Jens & Woessner, Nicole, 2024. "Robots and the rise of European superstar firms," International Journal of Industrial Organization, Elsevier, vol. 97(C).
    237. Shigeru Fujita, 2015. "Declining labor turnover and turbulence," Working Papers 15-29, Federal Reserve Bank of Philadelphia.
    238. Ronald Ravinesh Kumar & Peter J. Stauvermann, 2021. "Revisited: Monopoly and Long-Run Capital Accumulation in Two-Sector Overlapping Generation Model," JRFM, MDPI, vol. 14(7), pages 1-19, July.
    239. Fabrizio Leone, 2023. "Multinationals, robots and the labor share," CEP Discussion Papers dp1900, Centre for Economic Performance, LSE.
    240. Walter Paternesi Meloni & Antonella Stirati, 2021. "What has driven the delinking of wages from productivity? A political economy-based investigation for high-income economies," Working Papers PKWP2104, Post Keynesian Economics Society (PKES).
    241. Poschke, Markus, 2014. "The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology," IZA Discussion Papers 7991, IZA Network @ LISER.
    242. Si, Xu & Liu, Yulin & Wang, Jun, 2023. "Dialect diversity and labor income share in China," Economic Systems, Elsevier, vol. 47(4).
    243. Xue, Kunkun & Cui, Ziyi & Sun, Zepeng & Sun, Peipei, 2026. "Does digital technology increase the labor income share of enterprises?," Technological Forecasting and Social Change, Elsevier, vol. 222(C).
    244. Guimarães, Luís & Mazeda Gil, Pedro, 2022. "Explaining the Labor Share: Automation Vs Labor Market Institutions," Labour Economics, Elsevier, vol. 75(C).
    245. Aghion, Philippe & Akcigit, Ufuk & Bergeaud, Antonin & Blundell, Richard & Hemous, David, 2019. "Innovation and top income inequality," LSE Research Online Documents on Economics 100356, London School of Economics and Political Science, LSE Library.
    246. Mello, Marcelo de Albuquerque e, 2017. "Another Look at Panel Estimates of the Elasticity of Substitution between Capital and Labor," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 37(2), November.
    247. Takahashi, Harutaka & Le Riche, Antoine, 2021. "A dynamic theory of the declining aggregated labor income share: Intangible capital vs. tangible capital," Research in Economics, Elsevier, vol. 75(1), pages 104-118.
    248. Adrjan, Pawel, 2018. "The mightier, the stingier: Firms’ market power, capital intensity, and the labor share of income," MPRA Paper 83925, University Library of Munich, Germany.

  9. Ryan Michaels & Michael Elsby, 2012. "Fixed Adjustment Costs and Aggregate Fluctuations," 2012 Meeting Papers 679, Society for Economic Dynamics.

    Cited by:

    1. Andrés Blanco & Isaac Baley, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
    2. DongIk Kang & Andrew Usher, 2023. "Does Product Revenue Matter for Price Setting and Monetary Policy Transmission?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 297-345, January.
    3. Simon Naitram, 2022. "How big are strategic spillovers from corporate tax competition?," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 847-869, April.

  10. Michael Elsby & Bart Hobijn & Ayşegül Şahin & Robert G. Valletta, 2011. "The labor market in the Great Recession: an update," Working Paper Series 2011-29, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Elsby, Michael W.L. & Hobijn, Bart & Şahin, Ayşegül, 2015. "On the importance of the participation margin for labor market fluctuations," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 64-82.
    2. Lange, Fabian & Kudlyak, Marianna, 2014. "Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories," IZA Discussion Papers 8663, IZA Network @ LISER.
    3. Fabian Lange & Theodore Papageorgiou, 2020. "Beyond Cobb-Douglas: Flexibly Estimating Matching Functions with Unobserved Matching Efficiency," NBER Working Papers 26972, National Bureau of Economic Research, Inc.
    4. Nicholas Apergis & Ibrahim Arisoy, 2017. "Unemployment and labor force participation across the US States: new evidence from panel data," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 45-84, October-D.
    5. Ronald Bachmann & Mathias Sinning, 2016. "Decomposing the Ins and Outs of Cyclical Unemployment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(6), pages 853-876, December.
    6. Forsythe, Eliza & Kahn, Lisa B. & Lange, Fabian & Wiczer, David, 2022. "Where have all the workers gone? Recalls, retirements, and reallocation in the COVID recovery," Labour Economics, Elsevier, vol. 78(C).
    7. Sedláček, Petr, 2014. "Match efficiency and firms' hiring standards," Journal of Monetary Economics, Elsevier, vol. 62(C), pages 123-133.
    8. Richard B. Freeman, 2013. "Failing the Test? The Flexible U.S. Job Market in the Great Recession," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 78-97, November.
    9. Bellmann Lutz & Hübler Olaf, 2014. "The Skill Shortage in German Establishments Before, During and After the Great Recession," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(6), pages 800-828, December.
    10. Stéphane Auray & Aurélien Eyquem & Paul Gomme, 2018. "Debt Hangover in the Aftermath of the Great Recession," Working Papers halshs-01942719, HAL.
    11. Robert E. Hall & Sam Schulhofer-Wohl, 2015. "Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers," Working Papers 721, Federal Reserve Bank of Minneapolis.
    12. Fujita, Shigeru, 2018. "Declining labor turnover and turbulence," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 1-19.
    13. Costas KARFAKIS & Constantinos KATRAKILIDIS & Eftychia TSANANA, 2014. "Does output predict unemployment? A look at Okun's law in Greece," International Labour Review, International Labour Organization, vol. 153(3), pages 421-433, September.
    14. Murat Tasci, 2012. "The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate," Koç University-TUSIAD Economic Research Forum Working Papers 1233, Koc University-TUSIAD Economic Research Forum.
    15. Khalifa, Sherif, 2015. "Learning-by-doing and unemployment dynamics," Economic Modelling, Elsevier, vol. 44(C), pages 180-187.
    16. Takhtamanova, Yelena F. & Sierminska, Eva, 2016. "Impact of the Great Recession on Industry Unemployment: A 1976-2011 Comparison," IZA Discussion Papers 10340, IZA Network @ LISER.
    17. Kory Kroft & Fabian Lange & Matthew J. Notowidigdo & Lawrence F. Katz, 2014. "Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation," NBER Working Papers 20273, National Bureau of Economic Research, Inc.
    18. Andreas I. Mueller, 2017. "Separations, Sorting, and Cyclical Unemployment," American Economic Review, American Economic Association, vol. 107(7), pages 2081-2107, July.
    19. Dickens William T. & Triest Robert K., 2012. "Potential Effects of the Great Recession on the U.S. Labor Market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(3), pages 1-41, October.
    20. Kyong Hyun Koo, 2016. "The Evolution of Earnings Volatility During and After the Great Recession," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(4), pages 705-732, October.
    21. Rui M. Pereira, 2013. "Okun's Law across the Business Cycle and during the Great Recession: A Markov Switching Analysis," Working Papers 139, Economics Department, William & Mary.
    22. Andreas Hornstein, 2012. "Accounting for unemployment: the long and short of it," Working Paper 12-07, Federal Reserve Bank of Richmond.
    23. Eliza Forsythe & Lisa B. Kahn & Fabian Lange & David G. Wiczer, 2020. "Searching, Recalls, and Tightness: An Interim Report on the COVID Labor Market," NBER Working Papers 28083, National Bureau of Economic Research, Inc.
    24. Jaison R. Abel & Richard Deitz, 2015. "Underemployment in the early careers of college graduates following the Great Recession," Staff Reports 749, Federal Reserve Bank of New York.
    25. Robert Shimer, 2012. "Reassessing the Ins and Outs of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 127-148, April.
    26. Marianna Kudlyak & Felipe Schwartzman, 2012. "Accounting for unemployment in the Great Recession : nonparticipation matters," Working Paper 12-04, Federal Reserve Bank of Richmond.
    27. Bellmann, Lutz & Hübler, Olaf, 2014. "Skill Shortages in German Establishments," IZA Discussion Papers 8290, IZA Network @ LISER.
    28. Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto, 2018. "Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions," Working Papers gueconwpa~18-18-04, Georgetown University, Department of Economics.
    29. Arpaia, Alfonso & Kiss, Aron & Turrini, Alessandro, 2014. "Is Unemployment Structural or Cyclical? Main Features of Job Matching in the EU after the Crisis," IZA Policy Papers 91, Institute of Labor Economics (IZA).

  11. Régis Barnichon & Bart Hobijn & Ayşegül Şahin, 2010. "Which industries are shifting the Beveridge curve?," Working Paper Series 2010-32, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Mary C. Daly & Bart Hobijn & Aysegül Sahin & Robert G. Valletta, 2012. "A Search and Matching Approach to Labor Markets: Did the Natural Rate of Unemployment Rise?," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 3-26, Summer.
    2. Peter Cappelli, 2014. "Skill Gaps, Skill Shortages and Skill Mismatches: Evidence for the US," NBER Working Papers 20382, National Bureau of Economic Research, Inc.
    3. Bart Hobijn & Ayşegül Şahin, 2012. "Beveridge Curve Shifts across Countries since the Great Recession," Working Paper Series 2012-24, Federal Reserve Bank of San Francisco.
    4. Mr. Jinzhu Chen & Mr. Bharat Trehan & Mr. Prakash Kannan & Mr. Prakash Loungani, 2011. "New Evidenceon Cyclical and Structural Sources of Unemployment," IMF Working Papers 2011/106, International Monetary Fund.
    5. Peter Diamond, 2011. "Unemployment, Vacancies, Wages," American Economic Review, American Economic Association, vol. 101(4), pages 1045-1072, June.
    6. Peter A. Diamond, 2013. "Cyclical unemployment, structural unemployment," Working Papers 13-5, Federal Reserve Bank of Boston.
    7. Christopher L. Foote & Richard W. Ryan, 2012. "Labor-market polarization over the business cycle," Public Policy Discussion Paper 12-8, Federal Reserve Bank of Boston.
    8. Andrew Figura & Régis Barnichon, 2015. "Labor Market Heterogeneity and the Aggregate Matching Function," Working Papers 727, Barcelona School of Economics.
    9. Mary C. Daly & Bart Hobijn & Robert G. Valletta, 2011. "The recent evolution of the natural rate of unemployment," Working Paper Series 2011-05, Federal Reserve Bank of San Francisco.
    10. Michael Elsby & Bart Hobijn & Ayşegül Şahin & Robert G. Valletta, 2011. "The labor market in the Great Recession: an update," Working Paper Series 2011-29, Federal Reserve Bank of San Francisco.
    11. Erin Wolcott, 2018. "Employment Inequality: Why Do the Low-Skilled Work Less Now?," 2018 Meeting Papers 487, Society for Economic Dynamics.
    12. Plamen Nenov, 2013. "Regional Mismatch and Labor Reallocation in an Equilibrium Model of Migration," 2013 Meeting Papers 565, Society for Economic Dynamics.
    13. Bricker, Jesse & Bucks, Brian, 2016. "Negative home equity, economic insecurity, and household mobility over the Great Recession," Journal of Urban Economics, Elsevier, vol. 91(C), pages 1-12.
    14. Edward P. Lazear & James R. Spletzer, 2012. "The United States Labor Market: Status Quo or A New Normal?," Working Papers 12-28, Center for Economic Studies, U.S. Census Bureau.
    15. Mary C. Daly & Bast Hobijn & Ayşeqül Şahin & Robert G. Valletta, 2012. "Rynki pracy w modelu poszukiwań i dopasowań: czy naturalna stopa bezrobocia rzeczywiście wzrosła?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 147-172.
    16. Neil Mehrotra & Dmitriy Sergeyev, 2013. "Sectoral Shocks, the Beveridge Curve and Monetary Policy," 2013 Meeting Papers 919, Society for Economic Dynamics.
    17. David R. Howell & Bert M. Azizoglu, 2011. "Unemployment Benefits and Work Incentives: The U.S. Labor Market in the Great Recession (revised)," Working Papers wp257_revised, Political Economy Research Institute, University of Massachusetts at Amherst.
    18. Bonthuis, Boele & Jarvis, Valerie & Vanhala, Juuso, 2015. "Shifts in euro area Beveridge curves and their determinants," Bank of Finland Research Discussion Papers 2/2015, Bank of Finland.
    19. Leythienne, Jean Fernand, 2024. "Is euro area at full employment ? — A diagnosis from the Beveridge curve," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 322-340.
    20. Bart Hobijn, 2012. "The industry-occupation mix of U.S. job openings and hires," Working Paper Series 2012-09, Federal Reserve Bank of San Francisco.
    21. Gabriel P. Mathy, 2018. "Hysteresis and persistent long-term unemployment: the American Beveridge Curve of the Great Depression and World War II," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(1), pages 127-152, January.
    22. Vanhala, Juuso & Bonthuis, Boele & Jarvis, Valerie, 2013. "What’s going on behind the euro area Beveridge curve(s)?," Working Paper Series 1586, European Central Bank.
    23. Dolan Antenucci & Michael Cafarella & Margaret Levenstein & Christopher Ré & Matthew D. Shapiro, 2014. "Using Social Media to Measure Labor Market Flows," NBER Working Papers 20010, National Bureau of Economic Research, Inc.
    24. Richard Raines & Jungho Baek, 2016. "The Recent Evolution of the U.S. Beveridge Curve: Evidence from the ARDL Approach," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 14-24, August.
    25. Arpaia, Alfonso & Kiss, Aron & Turrini, Alessandro, 2014. "Is Unemployment Structural or Cyclical? Main Features of Job Matching in the EU after the Crisis," IZA Policy Papers 91, Institute of Labor Economics (IZA).
    26. David Howell, Bert M. Azizoglu, 2011. "Unemployment Benefits and Work Incentives: The U.S. Labor Market in the Great Recession," SCEPA working paper series. 2011-7, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.

  12. Michael Elsby & Bart Hobijn & Ayşegül Şahin, 2010. "The labor market in the Great Recession," Working Paper Series 2010-07, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Maria A. Arias & Charles S. Gascon & David E. Rapach, 2014. "Metro Business Cycles," Working Papers 2014-46, Federal Reserve Bank of St. Louis.
    2. Chassamboulli, Andri, 2013. "Labor-market volatility in a matching model with worker heterogeneity and endogenous separations," Labour Economics, Elsevier, vol. 24(C), pages 217-229.
    3. Venke Furre Haaland, 2016. "The lost generation: Effects of youth labor market opportunities on long-term labor market outcomes," Discussion Papers 835, Statistics Norway, Research Department.
    4. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," PSE Working Papers halshs-03243698, HAL.
    5. Rodrigo Mesa-Arango & Badri Narayanan & Satish V. Ukkusuri, 2019. "The Impact of International Crises on Maritime Transportation Based Global Value Chains," Networks and Spatial Economics, Springer, vol. 19(2), pages 381-408, June.
    6. Jaison R. Abel & Richard Deitz, 2016. "Underemployment in the Early Careers of College Graduates Following the Great Recession," NBER Working Papers 22654, National Bureau of Economic Research, Inc.
    7. Rebecca Craigie & David Gillmore & Nicolas Groshenny, 2012. "Matching workers with jobs:how well is the New Zealand labour market doing?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 75, pages 3-12, December.
    8. Burcu Duygan-Bump & Alexey Leykov & Judit Montoriol-Garriga, 2014. "Financing Constraints and Unemployment: Evidence from the Great Recession," Finance and Economics Discussion Series 2014-92, Board of Governors of the Federal Reserve System (U.S.).
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    5. Timothy J. Hatton & Mark Thomas, 2012. "Labour Markets in Recession and Recovery: The UK and the USA in the 1920s and 1930s," CEH Discussion Papers 001, Centre for Economic History, Research School of Economics, Australian National University.
    6. Francisco Lasso-Valderrama, 2020. "LA DINÁMICA DEL MERCADO LABORAL COLOMBIANO: Cuál es el rol de los flujos de trabajadores?," Borradores de Economia 1120, Banco de la Republica de Colombia.
    7. Jones, M.A. & Rice, N. & Zantomio, F., 2016. "Acute health shocks and labour market outcomes," Health, Econometrics and Data Group (HEDG) Working Papers 16/04, HEDG, c/o Department of Economics, University of York.
    8. Fugazza Carolina, 2019. "Anatomy of Non-Employment Risk," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(3), pages 1-19, July.
    9. Rothe, Thomas & Wälde, Klaus, 2017. "Where did all the unemployed go? : Non-standard work in Germany after the Hartz reforms," IAB-Discussion Paper 201718, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
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    11. Tomas Key & Jamie Lenney, 2024. "The Impact of Aggregate Fluctuations Across the UK Income Distribution," Discussion Papers 2430, Centre for Macroeconomics (CFM).
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    14. Daouli, Joan & Demoussis, Michael & Giannakopoulos, Nicholas & Lambropoulou, Nikolitsa, 2015. "The ins and outs of Greek unemployment in the Great Depression," MPRA Paper 66299, University Library of Munich, Germany.
    15. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2014. "Why is Old Workers' Labor Market more Volatile? Unemployment Fluctuations over the Life-Cycle," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00972291, HAL.
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    19. Lasso-Valderrama, Francisco Javier, 2012. "La dinámica del desempleo urbano en Colombia," Chapters, in: Arango-Thomas, Luis Eduardo & Hamann-Salcedo, Franz Alonso (ed.), El mercado de trabajo en Colombia: hechos, tendencias e instituciones, chapter 3, pages 131-166, Banco de la Republica de Colombia.
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    23. Vladislav Flek & Martin Hála & Martina Mysíková, 2020. "Assessing the Job-Finding Probability of Older and Prime-Age Unemployed Workers," Prague Economic Papers, Prague University of Economics and Business, vol. 2020(4), pages 424-444.
    24. Smith, Jennifer, 2010. "The Ins and Outs of UK Unemployment," The Warwick Economics Research Paper Series (TWERPS) 944, University of Warwick, Department of Economics.
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    191. Naval, Joaquín & Silva, José I. & Vázquez-Grenno, Javier, 2020. "Employment effects of on-the-job human capital acquisition," Labour Economics, Elsevier, vol. 67(C).
    192. Ekkehard Ernst & Faten Saliba, 2018. "Are House Prices Responsible for Unemployment Persistence?," Open Economies Review, Springer, vol. 29(4), pages 795-833, September.
    193. Bertheau, Antoine & Bunzel, Henning & Vejlin, Rune Majlund, 2020. "Employment Reallocation over the Business Cycle: Evidence from Danish Data," IZA Discussion Papers 13681, IZA Network @ LISER.
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    198. Andreas Hornstein, 2012. "Accounting for unemployment: the long and short of it," Working Paper 12-07, Federal Reserve Bank of Richmond.
    199. Alberto Naudon & Andrés Pérez, 2017. "Unemployment Dynamics in Chile: 1960-2015," Working Papers Central Bank of Chile 800, Central Bank of Chile.
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    202. Manuela Arcanjo, 2018. "Unemployment protection reforms in Southern European countries between 2004 and 2016 and the trade-off between efficiency and equity," Working Papers Department of Economics 2018/10, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    203. Eliza Forsythe & Lisa B. Kahn & Fabian Lange & David G. Wiczer, 2020. "Searching, Recalls, and Tightness: An Interim Report on the COVID Labor Market," NBER Working Papers 28083, National Bureau of Economic Research, Inc.
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  16. Michael W. L. Elsby, 2008. "Marginal Jobs, Heterogeneous Firms, & Unemployment Flows," NBER Working Papers 13777, National Bureau of Economic Research, Inc.

    Cited by:

    1. Davis, Steven J. & Faberman, R. Jason & Haltiwanger, John, 2012. "Labor market flows in the cross section and over time," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 1-18.
    2. Chun-Hung Kuo & Hiroaki Miyamoto, 2014. "Fiscal Stimulus and Unemployment Dynamics," Working Papers EMS_2014_05, Research Institute, International University of Japan.
    3. Nicolas Roys, 2010. "Estimating Labor Market Rigidities with Heterogeneous Firms," 2010 Meeting Papers 127, Society for Economic Dynamics.
    4. Gabriele Cardullo, 2010. "Matching Models Under Scrutiny: An Appraisal Of The Shimer Puzzle," Journal of Economic Surveys, Wiley Blackwell, vol. 24(4), pages 622-656, September.
    5. Pascal Michaillat, 2010. "Do Matching Frictions Explain Unemployment? Not in Bad Times," CEP Discussion Papers dp1024, Centre for Economic Performance, LSE.
    6. Marcelo Veracierto, 2016. "Establishment Dynamics, Vacancies, And Unemployment: A Neoclassical Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(4), pages 1201-1236, November.
    7. Alan Manning, 2010. "Imperfect Competition in the Labour Market," CEP Discussion Papers dp0981, Centre for Economic Performance, LSE.
    8. Renato Faccini & Salvador Ortigueira, 2008. "Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks," Economics Working Papers ECO2008/39, European University Institute.
    9. Leo Kaas & Philipp Kircher, 2011. "Efficient Firm Dynamics in a Frictional Labor Market," CESifo Working Paper Series 3336, CESifo.
    10. Hiroaki Miyamoto, 2006. "Cyclical Behavior of a Matching Model with Capital Investment," Working Papers EMS_2010_14, Research Institute, International University of Japan, revised Oct 2010.
    11. Mr. Murat Tasci & Mr. Andrea Pescatori, 2011. "Search Frictions and the Labor Wedge," IMF Working Papers 2011/117, International Monetary Fund.
    12. Ryuta Ray Kato & Hiroaki Miyamoto, 2013. "Fiscal Stimulus in an Endogenous Job Separation Model," Working Papers EMS_2013_02, Research Institute, International University of Japan.
    13. Ebell, Monique, 2011. "On the cyclicality of unemployment: Resurrecting the participation margin," Labour Economics, Elsevier, vol. 18(6), pages 822-836.
    14. Christopher L. House & Jing Zhang, 2012. "Layoffs, Lemons and Temps," NBER Working Papers 17962, National Bureau of Economic Research, Inc.
    15. Andrea Pescatori & Murat Tasci, 2011. "Search Frictions and the Labor Wedge," Koç University-TUSIAD Economic Research Forum Working Papers 1113, Koc University-TUSIAD Economic Research Forum.
    16. R. Jason Faberman & John Haltiwanger & Steven J. Davis, 2010. "Labor Market Flows and Vacancies in the Cross Section and Over Time," 2010 Meeting Papers 1045, Society for Economic Dynamics.
    17. Nicolas Petrosky-Nadeau, 2009. "Credit, Vacancies and Unemployment Fluctuations," GSIA Working Papers 2009-E27, Carnegie Mellon University, Tepper School of Business.
    18. Gebauer, Markus, 2019. "Permanent and temporary workers in a matching framework," Research in Economics, Elsevier, vol. 73(2), pages 138-148.
    19. Beate Schirwitz, 2013. "Business Fluctuations, Job Flows and Trade Unions - Dynamics in the Economy," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 47, April.
    20. Régis Barnichon, 2009. "Demand-driven job separation: reconciling search models with the ins and outs of unemployment," Finance and Economics Discussion Series 2009-24, Board of Governors of the Federal Reserve System (U.S.).

  17. Michael W. Elsby & Ryan Michaels & Gary Solon, 2007. "The Ins and Outs of Cyclical Unemployment," NBER Working Papers 12853, National Bureau of Economic Research, Inc.

    Cited by:

    1. Elsby, Michael W.L. & Hobijn, Bart & Şahin, Ayşegül, 2015. "On the importance of the participation margin for labor market fluctuations," Journal of Monetary Economics, Elsevier, vol. 72(C), pages 64-82.
    2. Nir Jaimovich & Henry E. Siu, 2012. "Job Polarization and Jobless Recoveries," NBER Working Papers 18334, National Bureau of Economic Research, Inc.
    3. Idriss Fontaine & Ismael Galvez-Iniesta & Pedro Gomes & Diego Vila-Martin, 2019. "Labour market flows : Accounting for the public sector," Working Papers hal-02334064, HAL.
    4. Chassamboulli, Andri, 2013. "Labor-market volatility in a matching model with worker heterogeneity and endogenous separations," Labour Economics, Elsevier, vol. 24(C), pages 217-229.
    5. Mecikovsky, Ariel & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," EconStor Preprints 100662, ZBW - Leibniz Information Centre for Economics.
    6. Ponomareva, Natalia & Sheen, Jeffrey, 2013. "Australian labor market dynamics across the ages," Economic Modelling, Elsevier, vol. 35(C), pages 453-463.
    7. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," PSE Working Papers halshs-03243698, HAL.
    8. Pawel Borys & Pawel Doligalski & Pawel Kopiec, 2021. "The Quantitative Importance of Technology and Demand Shocks for Unemployment Fluctuations in a Shopping Economy," Bristol Economics Discussion Papers 21/743, School of Economics, University of Bristol, UK.
    9. Euiyoung Jung, 2021. "Rigid Wages, Endogenous Job Destruction, and Destabilizing Spirals," Working Papers halshs-03213006, HAL.
    10. Serdar Birinci & Kurt Gerrard See, 2018. "How Should Unemployment Insurance vary over the Business Cycle?," 2018 Meeting Papers 69, Society for Economic Dynamics.
    11. Bachmann, Ronald & Bechara, Peggy & Kramer, Anica & Rzepka, Sylvi, 2015. "Labour Market Dynamics and Worker Heterogeneity during the Great Recession: Evidence from Europe," IZA Discussion Papers 9233, IZA Network @ LISER.
    12. Martin Gervais & Nir Jaimovich & Henry E. Siu & Yaniv Yedid-Levi, 2013. "Technological Learning and Labor Market Dynamics," NBER Working Papers 19767, National Bureau of Economic Research, Inc.
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    7. Gaur, Meghana & Grigsby, John & Hazell, Jonathon & Ndiaye, Abdoulaye, 2023. "Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Dynamics?," IZA Discussion Papers 16481, IZA Network @ LISER.
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    19. Ahmed, Waqas & Choudhary, M. Ali & Khan, Sajawal & Naeem, Saima & Zoega, Gylfi, 2014. "Determinants of wage stickiness in a developing economy," Economic Modelling, Elsevier, vol. 38(C), pages 296-304.
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    23. Brzoza-Brzezina, Michal & Socha, Jacek, 2006. "Downward nominal wage rigidity in Poland," MPRA Paper 843, University Library of Munich, Germany, revised Nov 2006.
    24. Sigurdsson, Jósef & Sigurdardottir, Rannveig, 2016. "Time-dependent or state-dependent wage-setting? Evidence from periods of macroeconomic instability," Journal of Monetary Economics, Elsevier, vol. 78(C), pages 50-66.
    25. Pierpaolo Benigno & Luca Antonio Ricci, 2011. "The Inflation-Output Trade-Off with Downward Wage Rigidities," American Economic Review, American Economic Association, vol. 101(4), pages 1436-1466, June.
    26. Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
    27. Ana María Iregui B. & Ligia Alba Melo B. & María Teresa Ramírez G., 2009. "Are wages rigid in Colombia?: Empirical evidence based on a sample of wages at the firm level," Borradores de Economia 571i, Banco de la Republica de Colombia.
    28. Davis, Steven J. & Krolikowski, Pawel M., 2023. "Sticky Wages on the Layoff Margin," IZA Discussion Papers 16351, IZA Network @ LISER.
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    30. Aedín Doris & Donal O’Neill & Olive Sweetman, 2015. "Wage flexibility and the great recession: the response of the Irish labour market," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-24, December.
    31. Mathä, Thomas Y. & Millard, Stephen & Rõõm, Tairi & Wintr, Ladislav & Wyszyński, Robert, 2019. "Shocks and labour cost adjustment: evidence from a survey of European firms," Working Paper Series 2269, European Central Bank.
    32. Mineyama, Tomohide, 2022. "Revisiting the optimal inflation rate with downward nominal wage rigidity: The role of heterogeneity," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
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  19. Elsby, Michael W. L. & Smith, Jennifer C., "undated". "The Great Recession In The U.K. Labour Market : A Transatlantic Perspective," Economic Research Papers 270786, University of Warwick - Department of Economics.

    Cited by:

    1. Idriss Fontaine & Ismael Galvez-Iniesta & Pedro Gomes & Diego Vila-Martin, 2019. "Labour market flows : Accounting for the public sector," Working Papers hal-02334064, HAL.
    2. Elsby, Michael W. L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2021. "Population growth, immigration, and labour market dynamics," CAGE Online Working Paper Series 593, Competitive Advantage in the Global Economy (CAGE).
    3. Carlos Carrillo-Tudela & Bart Hobijn & Powen She & Ludo Visschers, 2014. "The Extent and Cyclicality of Career Changes: Evidence for the UK," Edinburgh School of Economics Discussion Paper Series 246, Edinburgh School of Economics, University of Edinburgh.
    4. Robert Dixon, 2024. "Unemployment entry, exit and Okun’s law: An analysis with Australian data," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 27(2), pages 161-181.
    5. Tindara Addabbo & Paula Rodríguez-Modroño & Lina Gálvez-Muñoz, 2013. "Gender and the Great Recession: Changes in labour supply in Spain," Department of Economics (DEMB) 0010, University of Modena and Reggio Emilia, Department of Economics "Marco Biagi".
    6. Ilias Georgakopoulos, 2019. "Income and wealth inequality in Malta: evidence from micro data," CBM Working Papers WP/03/2019, Central Bank of Malta.
    7. Nitika Bagaria & Dawn Holland & John Van Reenen, 2012. "Fiscal Consolidation During a Depression," CEP Reports 27, Centre for Economic Performance, LSE.
    8. Elsby, Michael W. L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2010. "The role of worker flows in the dynamics and distribution of UK unemployment," Economic Research Papers 270762, University of Warwick - Department of Economics.
    9. Brunello, Giorgio & Rocco, Lorenzo, 2015. "The Labour Market Effects of Academic and Vocational Education over the Life Cycle: Evidence from Two British Cohorts," IZA Discussion Papers 9275, IZA Network @ LISER.
    10. Carrillo-Tudela, Carlos & Graber, Michael & Waelde, Klaus, 2018. "Unemployment and vacancy dynamics with imperfect financial markets," Labour Economics, Elsevier, vol. 50(C), pages 128-143.
    11. Robert Dixon & Guay Lim, 2016. "Modelling the dynamics of regional employment–population ratios and their commonality," Urban Studies, Urban Studies Journal Limited, vol. 53(2), pages 338-354, February.
    12. Pedro Gomes, 2015. "The importance of frequency in estimating labour market transition rates," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-10, December.
    13. Reuben Ellul, 2018. "Forecasting unemployment rates in Malta: A labour market flows approach," CBM Working Papers WP/03/2018, Central Bank of Malta.

Articles

  1. Michael W L Elsby & Axel Gottfries, 2022. "Firm Dynamics, On-the-Job Search, and Labor Market Fluctuations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(3), pages 1370-1419.

    Cited by:

    1. Jake Bradley, 2025. "Worker-Firm Screening and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    2. Brenøe, Anne Ardila & Krenk, Ursa & Steinhauer, Andreas & Zweimüller, Josef, 2025. "How Do Firms Respond to Parental Leave Absences?," IZA Discussion Papers 17845, IZA Network @ LISER.
    3. Gottfries, Axel & Teulings, Coen, 2023. "Returns to on-the-job search and wage dispersion," Labour Economics, Elsevier, vol. 80(C).
    4. Ester Faia & Gianmarco I. P. Ottaviano & Saverio Spinella, 2023. "Robot adoption, worker-firm sorting and wage inequality: evidence from administrative panel data," CEP Discussion Papers dp1902, Centre for Economic Performance, LSE.
    5. Axel Gottfries, 2026. "Bargaining with Renegotiation in Models with On-the-Job Search," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 61, August.
    6. Yu, Li & Zhao, Siyuan & Liu, Chen & Chen, Fenglan, 2025. "The acceleration and attenuation: Internet infrastructure and employment adjustment patterns," Structural Change and Economic Dynamics, Elsevier, vol. 75(C), pages 726-743.
    7. Holmberg, Johan & Simmons, Michael & Trapeznikova, Ija, 2024. "Parental Wealth and Early Labor Market Outcomes," Umeå Economic Studies 1029, Umeå University, Department of Economics.
    8. Antoine Bertheau & Rune Vejlin, 2025. "Job Ladders by Firm Wage and Productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 58, October.
    9. Andrea Colciago & Marco Membretti, 2024. "Barriers to Entry and the Labor Market," DEM Working Papers Series 222, University of Pavia, Department of Economics and Management.
    10. Josep Pijoan-Mas & Pau Roldan-Blanco, 2025. "Dual Labor Markets and the Equilibrium Distribution of Firms," Working Papers wp2025_2530, CEMFI.
    11. Andrew Yizhou Liu, 2025. "Strategic Complementarity in Labor Demand: Evidence from US Industry Leading Firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    12. Labanca, Claudio & Molina, Danielken & Muendler, Marc-Andreas, 2024. "Preparing for export opportunities," Journal of International Economics, Elsevier, vol. 152(C).
    13. Anne Brenoe & Ursa Krenk & Andreas Steinhauer & Josef Zweimueller, 2025. "How Do Firms Respond to Parental Leave Absences?," RFBerlin Discussion Paper Series 2514, ROCKWOOL Foundation Berlin (RFBerlin).

  2. Michael Elsby & Bart Hobijn & Fatih Karahan & Gizem Koşar & Ayşegül Şahin, 2019. "Flow Origins of Labor Force Participation Fluctuations," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 461-464, May.

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    1. Francesco D'Amuri & Marta De Philippis & Elisa Guglielminetti & Salvatore Lo Bello, 2021. "Natural unemployment and activity rates: flow-based determinants and implications for price dynamics," Questioni di Economia e Finanza (Occasional Papers) 599, Bank of Italy, Economic Research and International Relations Area.
    2. Alexandre Ounnas, 2020. "Worker Flows, Occupations and the Dynamics of Unemployment and Labor Force Participation," LIDAM Discussion Papers IRES 2020009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    3. Akiko Sakanishi, 2020. "Spatial analysis of female labor force participation rates in Japan," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 351-361, August.
    4. Francisco Perez‐Arce & María J. Prados, 2021. "The Decline In The U.S. Labor Force Participation Rate: A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 615-652, April.
    5. D’Amuri, Francesco & De Philippis, Marta & Guglielminetti, Elisa & Lo Bello, Salvatore, 2022. "Slack and prices during Covid-19: Accounting for labor market participation," Labour Economics, Elsevier, vol. 75(C).
    6. Bart Hobijn & Ayşegül Şahin, 2022. ""Missing" Workers and "Missing" Jobs Since the Pandemic," Working Paper Series WP 2022-54, Federal Reserve Bank of Chicago.
    7. Hassan Molana & Catia Montagna & George E. Onwordi, 2021. "De-Globalization, Welfare State Reforms and Labor Market Outcomes," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(4), pages 624-655, December.
    8. Helu Jiang & Faisal Sohail, 2023. "Skill-Biased Entrepreneurial Decline," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 18-44, April.
    9. Alexandre Ounnas, 2020. "Job Polarization and the Labor Market: A Worker Flow Analysis," LIDAM Discussion Papers IRES 2020010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    10. Bart Hobijn & Ayşegül Şahin, 2021. "Maximum Employment and the Participation Cycle," NBER Working Papers 29222, National Bureau of Economic Research, Inc.
    11. Cui, Jing, 2025. "Older individuals’ labour force participation during COVID-19," The Journal of the Economics of Ageing, Elsevier, vol. 30(C).
    12. Akiko Sakanishi, 0. "Spatial analysis of female labor force participation rates in Japan," International Journal of Economic Policy Studies, Springer, vol. 0, pages 1-11.

  3. Michael W. L. Elsby & Ryan Michaels & David Ratner, 2019. "The aggregate effects of labor market frictions," Quantitative Economics, Econometric Society, vol. 10(3), pages 803-852, July.
    See citations under working paper version above.
  4. Michael W. L. Elsby & Gary Solon, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 185-201, Summer.
    See citations under working paper version above.
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  6. Michael W. L. Elsby & Donggyun Shin & Gary Solon, 2016. "Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 249-291.

    Cited by:

    1. Lennard, Jason, 2021. "Sticky wages and the Great Depression: Evidence from the United Kingdom," eabh Papers 21-01, The European Association for Banking and Financial History (EABH).
    2. Park, Seonyoung & Shin, Donggyun, 2020. "Welfare consequences of rising wage risk in the United States: Self-selection into risky jobs and family labor supply adjustments," Working Paper Series 20888, Victoria University of Wellington, School of Economics and Finance.
    3. Sergio Salas, 2022. "A liquidity crunch in an endogenous growth model with human capital," Southern Economic Journal, John Wiley & Sons, vol. 88(3), pages 1199-1238, January.
    4. Hwang, Jisoo & Park, Seonyoung & Shin, Donggyun, 2018. "Two birds with one stone: Female labor supply, fertility, and market childcare," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 171-193.
    5. Iván Fernández‐Val & Aico van Vuuren & Francis Vella & Franco Peracchi, 2024. "Hours worked and the US distribution of real annual earnings 1976–2019," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(4), pages 659-678, June.
    6. Giovanni Razzu & Carl Singleton & Mark Mitchell, 2020. "On why the gender employment gap in Britain has stalled since the early 1990s," Industrial Relations Journal, Wiley Blackwell, vol. 51(6), pages 476-501, November.
    7. Michael W. L. Elsby & Gary Solon, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 185-201, Summer.
    8. Schwandt, Hannes & von Wachter, Till, 2018. "Unlucky Cohorts: Estimating the Long-term Effects of Entering the Labor Market in a Recession in Large Cross-sectional Data Set," CEPR Discussion Papers 13222, Centre for Economic Policy Research.
    9. Brian Bell & Nicholas Bloom & Jack Blundell, 2021. "This time is not so different: income dynamics during the Covid-19 recession," CEP Discussion Papers dp1792, Centre for Economic Performance, LSE.
    10. Daniel Schaefer & Carl Singleton, 2023. "The Extent of Downward Nominal Wage Rigidity: New Evidence from Payroll Data," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 60-76, December.
    11. Lessem, Rebecca & Nakajima, Kayuna, 2019. "Immigrant wages and recessions: Evidence from undocumented Mexicans," European Economic Review, Elsevier, vol. 114(C), pages 92-115.
    12. Grace Weishi Gu & Eswar Prasad & Thomas Moehrle, 2020. "New Evidence on Cyclical Variation in Average Labor Costs in the United States," The Review of Economics and Statistics, MIT Press, vol. 102(5), pages 966-979, December.
    13. Park, Seonyoung & Shin, Donggyun, 2017. "The extent and nature of downward nominal wage flexibility: An analysis of longitudinal worker/establishment data from Korea," Labour Economics, Elsevier, vol. 48(C), pages 67-86.
    14. Daniel Schaefer & Carl Singleton, 2017. "Real Wages and Hours in the Great Recession: Evidence from Firms and their Entry-Level Jobs," CESifo Working Paper Series 6766, CESifo.
    15. Jörn‐Steffen Pischke, 2018. "Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector," Economica, London School of Economics and Political Science, vol. 85(339), pages 407-427, July.
    16. Basu, S. & House, C.L., 2016. "Allocative and Remitted Wages," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 297-354, Elsevier.
    17. Guyonne Kalb & Jordy Meekes, 2021. "Wage Growth Distribution and Changes over Time: 2001–2018," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(1), pages 76-93, March.
    18. Jones, M.A. & Rice, N. & Zantomio, F., 2016. "Acute health shocks and labour market outcomes," Health, Econometrics and Data Group (HEDG) Working Papers 16/04, HEDG, c/o Department of Economics, University of York.
    19. Effrosnyi Adamopoulou & Luis Diez-Catalan & Ernesto Villanueva, 2024. "Staggered Contracts and Unemployment During Recessions," CRC TR 224 Discussion Paper Series crctr224_2022_379v2, University of Bonn and University of Mannheim, Germany.
    20. Marco Fongoni & Daniel Schaefer & Carl Singleton, 2023. "Why wages don't fall in jobs with incomplete contracts," Economics Discussion Papers em-dp2023-12, Department of Economics, University of Reading.
    21. Danilo Stojanovic, 2022. "The 2003 Tax Reform and Corporate Payout Policy in the US," CERGE-EI Working Papers wp727, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    22. Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
    23. Davis, Steven J. & Krolikowski, Pawel M., 2023. "Sticky Wages on the Layoff Margin," IZA Discussion Papers 16351, IZA Network @ LISER.
    24. Gu, Grace Weishi & Prasad, Eswar, 2018. "New Evidence on Cyclical Variation in Labor Costs in the U.S," IZA Discussion Papers 11311, IZA Network @ LISER.
    25. Dany Brouillette & Olena Kostyshyna & Natalia Kyui, 2018. "Downward nominal wage rigidity in Canada: Evidence from micro‐level data," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(3), pages 968-1002, August.
    26. Razzu, Giovanni & Singleton, Carl & Mitchell, Mark, 2018. "On why gender employment equality in Britain has stalled since the early 1990s," MPRA Paper 87190, University Library of Munich, Germany.
    27. Bruce Fallick & Daniel Villar Vallenas & William L. Wascher, 2016. "Downward Nominal Wage Rigidity in the United States During and After the Great Recession," Finance and Economics Discussion Series 2016-001r1, Board of Governors of the Federal Reserve System (U.S.), revised 15 May 2020.
    28. Daniel Borowczyk-Martins & Etienne Lalé, 2019. "Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 389-435, January.
    29. Richard Preetz & Julius Greifenberg & Julika Hülsemann & Andreas Filser, 2022. "Moving Back to the Parental Home in Times of COVID-19: Consequences for Students’ Life Satisfaction," IJERPH, MDPI, vol. 19(17), pages 1-13, August.
    30. Fei Peng & Sajid Anwar & Lili Kang, 2020. "Job Movement and Real Wage Flexibility in Eastern and Western Parts of Germany," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(4), pages 764-789, October.
    31. Forth, John & Bryson, Alex & Phan, Van & Ritchie, Felix & Singleton, Carl & Stokes, Lucy & Whittard, Damian, 2024. "Revisiting Sample Bias in the UK's Annual Survey of Hours and Earnings, with Implications for Estimates of Low Pay and the Bite of the National Living Wage," IZA Discussion Papers 17291, IZA Network @ LISER.
    32. Fahad Gill & Abdihafit Shaeye, 2022. "Relative Wages of Immigrant Men and the Great Recession," Journal of Economics, Race, and Policy, Springer, vol. 5(1), pages 1-12, March.
    33. Petru Crudu, 2023. "Long-term effects of early adverse labour market conditions: A Causal Machine Learning approach," Working Papers 2023:21, Department of Economics, University of Venice "Ca' Foscari".
    34. Susanto Basu & Christopher L. House, 2016. "Allocative and Remitted Wages: New Facts and Challenges for Keynesian Models," NBER Working Papers 22279, National Bureau of Economic Research, Inc.
    35. Adamopoulou, Effrosyni & Villanueva, Ernesto, 2020. "Wage Determination and the Bite of Collective Contracts in Italy and Spain: Evidence from the Metalworking Industry," IZA Discussion Papers 13542, IZA Network @ LISER.
    36. M. Alper Çenesiz & Luís Guimarães, 2019. "Sticky Price Models, Durable Goods, and Real Wage Rigidities," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 721-737, March.
    37. Jones, Andrew M. & Rice, Nigel & Zantomio, Francesca, 2020. "Acute health shocks and labour market outcomes: Evidence from the post crash era," Economics & Human Biology, Elsevier, vol. 36(C).
    38. Michael Elsby & Axel Gottfries & Ryan Michaels & David Ratner, 2022. "Vacancy Chains," Working Papers 22-23, Federal Reserve Bank of Philadelphia.
    39. Dickson, Alex & Fongoni, Marco, 2019. "Asymmetric reference-dependent reciprocity, downward wage rigidity, and the employment contract," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 409-429.
    40. Sergei Guriev & Biagio Speciale & Michele Tuccio, 2019. "How Do Regulated and Unregulated Labor Markets Respond to Shocks? Evidence from Immigrants During the Great Recession," PSE-Ecole d'économie de Paris (Postprint) halshs-02087840, HAL.
    41. Schaefer, Daniel & Singleton, Carl, 2019. "Cyclical labor costs within jobs," European Economic Review, Elsevier, vol. 120(C).
    42. Silvia Sarpietro & Yuya Sasaki & Yulong Wang, 2026. "Nonexistent Moments of Earnings Growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 41(1), pages 39-55, January.
    43. John T. Addison & Liwen Chen & Orgul D. Ozturk, 2020. "Recessions and Occupational Match Quality: The Role of Age, Gender, and Education," CESifo Working Paper Series 8390, CESifo.
    44. Chen Huang, 2018. "Why Are U.S. Women Decreasing Their Labor Force Participation If Their Wages Are Rising?," Economic Inquiry, Western Economic Association International, vol. 56(4), pages 2010-2026, October.
    45. Christian Koch, 2021. "Can reference points explain wage rigidity? Experimental evidence," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 55(1), pages 1-17, December.
    46. Guyonne Kalb & Jordy Meekes, 2019. "Wage Growth Distribution and Decline among Individuals: 2001-2017," RBA Annual Conference Papers acp2019-03, Reserve Bank of Australia, revised Jul 2019.
    47. Todd A. Sorensen, 2017. "Do firms’ wage-setting powers increase during recessions?," World of Labour, LISER, pages 355-355, April.
    48. Smith, Trenton G. & Stillman, Steven & Craig, Stuart, 2017. "'Rational Overeating' in a Feast-or-Famine World: Economic Insecurity and the Obesity Epidemic," IZA Discussion Papers 10954, IZA Network @ LISER.
    49. Christodoulopoulou, Styliani & Kouvavas, Omiros, 2022. "Wages, compositional effects and the business cycle," Working Paper Series 2653, European Central Bank.
    50. Jardim, Ekaterina & Solon, Gary & Vigdor, Jacob, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State," IZA Discussion Papers 12124, IZA Network @ LISER.
    51. Park, Seonyoung & Shin, Donggyun, 2019. "Inflation and wage rigidity/flexibility in the short run," Working Paper Series 20917, Victoria University of Wellington, School of Economics and Finance.
    52. Alexander Bick & Adam Blandin, 2020. "The Labor Market Impact of a Pandemic: Validation and Application of a Do-It-Yourself CPS," Working Papers 2031, Federal Reserve Bank of Dallas.
    53. Marco Fongoni & Daniel Schaefer & Carl Singleton, 2023. "When are wages cut? The roles of incomplete contracts and employee involvement," Economics Discussion Papers em-dp2023-03, Department of Economics, University of Reading.
    54. Daniel Schäfer & Carl Singleton, 2020. "Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data," Economics working papers 2020-11, Department of Economics, Johannes Kepler University Linz, Austria.
    55. André Kurmann & Erika McEntarfer, 2019. "Downward Nominal Wage Rigidity in the United States: New Evidence from Worker-Firm Linked Data," Working Papers 19-07, Center for Economic Studies, U.S. Census Bureau.
    56. Stephen Drinkwater, 2021. "Brexit and the ‘left behind’: Job polarization and the rise in support for leaving the European Union," Industrial Relations Journal, Wiley Blackwell, vol. 52(6), pages 569-588, November.
    57. Ladislav Suhányi & Alžbeta Suhányiová & Jaroslava Kádárová & Jaroslava Janeková, 2023. "Relationships between Average Wages in the Manufacturing Sector and Economic Indicators of the Manufacturing Sector in the Region of Visegrad Group Countries," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    58. Haomin Wang, 2018. "Intra-Household Risk Sharing and Job Search over the Business Cycle," Discussion Papers of DIW Berlin 1760, DIW Berlin, German Institute for Economic Research.
    59. Daniel Schaefer & Carl Singleton, 2017. "Recent changes in British wage inequality: Evidence from firms and occupations," Edinburgh School of Economics Discussion Paper Series 277, Edinburgh School of Economics, University of Edinburgh.
    60. Anwar S Adem, 2024. "Distributional effect of import shocks on British local labour markets," Oxford Economic Papers, Oxford University Press, vol. 76(2), pages 412-432.
    61. Jo, Yoon Joo, 2025. "Beyond the spike at zero: Understanding nominal wage rigidity through empirical and model-based approaches," Journal of International Economics, Elsevier, vol. 157(C).
    62. Snell, Andy & Stüber, Heiko & Thomas, Jonathan P., 2024. "Job security, asymmetric information, and wage rigidity," European Economic Review, Elsevier, vol. 161(C).
    63. Haomin Wang, 2018. "Online Appendix to "Intra-Household Risk Sharing and Job Search over the Business Cycle"," Online Appendices 18-240, Review of Economic Dynamics.
    64. Francesco D'Amuri & Salvatore Lattanzio & Benjamin S. Smith, 2023. "The anatomy of labor cost adjustment to demand shocks: Germany and Italy during the Great Recession," Temi di discussione (Economic working papers) 1411, Bank of Italy, Economic Research and International Relations Area.
    65. Morten Bennedsen & Antoine Bertheau & Marianna Kudlyak & Birthe Larsen, 2025. "Why Firms Lay Off Workers Instead of Cutting Wages: Evidence from Linked Survey-Administrative Data," Working Paper Series 2025-05, Federal Reserve Bank of San Francisco.
    66. Tessa Hall & Alan Manning & Rebecca Rose, 2024. "Ethnic minority and migrant pay gaps over the life-cycle," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 40(3), pages 556-578.
    67. Fallick, Bruce & Villar, Daniel & Wascher, William, 2022. "Downward nominal wage rigidity in the United States in times of economic distress and low inflation," Labour Economics, Elsevier, vol. 78(C).
    68. Mark J. Holmes & Jesús Otero, 2022. "The wage curve within and across regions: new insights from a pairwise view of US states," Empirical Economics, Springer, vol. 62(5), pages 2069-2089, May.
    69. Jari Vainiomäki, 2020. "The development of wage dispersion and wage rigidity in Finland," Finnish Economic Papers, Finnish Economic Association, vol. 29(1), pages 1-32, Spring.
    70. Effrosyni Adamopoulou & Emmanuele Bobbio & Marta De Philippis & Federico Giorgi, 2016. "Wage rigidities and business cycle fluctuations: a linked employer-employee analysis," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-32, December.
    71. Olafsdottir, Katrin, 2020. "A deep recession came with deep wage cuts," Economics Letters, Elsevier, vol. 189(C).
    72. Hampson, Daniel P. & Gong, Shiyang & Xie, Yi, 2021. "How consumer confidence affects price conscious behavior: The roles of financial vulnerability and locus of control," Journal of Business Research, Elsevier, vol. 132(C), pages 693-704.
    73. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    74. Chan, See-Yu & Hobler, Stephan & Van Rens, Thijs, 2025. "Why did we think wages are rigid for all those years?," The Warwick Economics Research Paper Series (TWERPS) 1577, University of Warwick, Department of Economics.
    75. Adamopoulou, Effrosyni & Villanueva, Ernesto, 2022. "Wage determination and the bite of collective contracts in Italy and Spain," Labour Economics, Elsevier, vol. 76(C).
    76. Wen-Tai Hsu & Hsuan-Chih (Luke) Lin & Han Yang, 2024. "Long-run belief-scarring effects of COVID-19 in a global economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 78(3), pages 709-752, November.
    77. Brian Bell & Nicholas Bloom & Jack Blundell, 2022. "Income dynamics in the United Kingdom and the impact of the Covid‐19 recession," Quantitative Economics, Econometric Society, vol. 13(4), pages 1849-1878, November.
    78. Ravenna, Federico & Cacciatore, Matteo, 2020. "Uncertainty, Wages, and the Business Cycle," CEPR Discussion Papers 14715, Centre for Economic Policy Research.
    79. Arango, Luis E. & Rivera, Sergio A., 2022. "Moderate wage increases and flexible labour contracts to protect employment in Colombian manufacturing," Journal of Policy Modeling, Elsevier, vol. 44(3), pages 578-598.
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    81. Álmos Telegdy, 2016. "Employment adjustment in the global crisis," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 24(4), pages 683-703, October.
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    Cited by:

    1. Idriss Fontaine & Ismael Galvez-Iniesta & Pedro Gomes & Diego Vila-Martin, 2019. "Labour market flows : Accounting for the public sector," Working Papers hal-02334064, HAL.
    2. R. Jason Faberman & Andreas I. Mueller & Ayşegül Şahin & Giorgio Topa, 2022. "Job Search Behavior Among the Employed and Non‐Employed," Econometrica, Econometric Society, vol. 90(4), pages 1743-1779, July.
    3. Isabel Cairó & Shigeru Fujita & Camilo Morales-Jimenez, 2020. "The Cyclicality of Labor Force Participation Flows: The Role of Labor Supply Elasticities and Wage Rigidity," Working Papers 20-23, Federal Reserve Bank of Philadelphia.
    4. Ahn, Hie Joo & Rudd, Jeremy B., 2025. "(Re-)Connecting inflation and the labor market: A tale of two curves," Journal of Monetary Economics, Elsevier, vol. 153(C).
    5. Francesco D'Amuri & Marta De Philippis & Elisa Guglielminetti & Salvatore Lo Bello, 2021. "Natural unemployment and activity rates: flow-based determinants and implications for price dynamics," Questioni di Economia e Finanza (Occasional Papers) 599, Bank of Italy, Economic Research and International Relations Area.
    6. Idriss Fontaine, 2021. "Uncertainty and Labour Force Participation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(2), pages 437-471, April.
    7. Bilenkisi, Fikret, 2024. "Uncertainty, labour force participation and job search," Economic Modelling, Elsevier, vol. 139(C).
    8. Chassamboulli, Andri & Fontaine, Idriss & Gomes, Pedro, 2020. "How important are worker gross flows between public and private sector?," Economics Letters, Elsevier, vol. 192(C).
    9. Etienne Lalé & Linas Tarasonis, 2020. "The Life-cycle Profile of Worker Flows in Lithuania," Bank of Lithuania Occasional Paper Series 32, Bank of Lithuania.
    10. Daniel Borowczyk-Martins & Etienne Lalé, 2016. "The Rise of Part-time Employment," Sciences Po Economics Publications (main) hal-01311976, HAL.
    11. Alexandre Ounnas, 2020. "Worker Flows, Occupations and the Dynamics of Unemployment and Labor Force Participation," LIDAM Discussion Papers IRES 2020009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    12. Gottfries, A. & Teulings, T., 2017. "Wage Posting, Nominal Rigidity, and Cyclical Inefficiencies," Cambridge Working Papers in Economics 1736, Faculty of Economics, University of Cambridge.
    13. Elsby, Michael W. L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2021. "Population growth, immigration, and labour market dynamics," CAGE Online Working Paper Series 593, Competitive Advantage in the Global Economy (CAGE).
    14. Ronald Bachmann & Mathias Sinning, 2016. "Decomposing the Ins and Outs of Cyclical Unemployment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(6), pages 853-876, December.
    15. Shibata, Ippei, 2022. "Reassessing classification errors in the analysis of labor market dynamics," Labour Economics, Elsevier, vol. 78(C).
    16. Hie Joo Ahn & Bart Hobijn & Ayşegül Şahin, 2023. "The Dual U.S. Labor Market Uncovered," Working Paper Series WP 2023-18, Federal Reserve Bank of Chicago.
    17. Daniel Borowczyk-Martins & Étienne Lalé, 2018. "The Ins and Outs of Involuntary Part-time Employment," CIRANO Working Papers 2018s-39, CIRANO.
    18. Carlo Pizzinelli & Bradley Speigner, 2017. "Matching efficiency and labour market heterogeneity in the United Kingdom," Bank of England working papers 667, Bank of England.
    19. Juan C. Córdoba & Anni T. Isojärvi & Haoran Li, 2023. "Endogenous Bargaining Power and Declining Labor Compensation Share," Finance and Economics Discussion Series 2023-030, Board of Governors of the Federal Reserve System (U.S.).
    20. Kónya, István, 2016. "Munkapiaci áramlások Magyarországon és Európában [Labour-market flows in Hungary and Europe]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 357-379.
    21. Samuel Bentolila & J. Ignacio García-Pérez & Marcel Jansen, 2017. "Are the Spanish long-term unemployed unemployable?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 8(1), pages 1-41, March.
    22. Davide Fiaschi & Cristina Tealdi, 2021. "A general methodology to measure labour market dynamics," Papers 2104.01097, arXiv.org.
    23. Marianna Kudlyak & Fabian Lange, 2018. "Measuring Heterogeneity in Job Finding Rates among the Non-Employed Using Labor Force Status Histories," Working Paper Series 2017-20, Federal Reserve Bank of San Francisco.
    24. Nikolaos Kokonas & Paulo Santos Monteiro, 2023. "Self-fulfilling labor wedge fluctuations and unemployment insurance," Discussion Papers 2313, Centre for Macroeconomics (CFM).
    25. Mueller, Andreas I. & Spinnewijn, Johannes & Topa, Giorgio, 2021. "Job seekers’ perceptions and employment prospects: heterogeneity, duration dependence, and bias," LSE Research Online Documents on Economics 108447, London School of Economics and Political Science, LSE Library.
    26. Panchanan Das, 2023. "Creation and Destruction of Jobs in Urban Labour Market: Role of Gender, Caste and Religion in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 66(1), pages 225-237, March.
    27. Iwasaki, Yuto & Kubota, Hiroyuki & Muto, Ichiro & Shintani, Mototsugu, 2025. "Monetary policy, labor force participation, and wage rigidity," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    28. Bruce Fallick & Pawel Krolikowski, 2019. "Excess Persistence in Employment of Disadvantaged Workers," Working Papers 18-01R, Federal Reserve Bank of Cleveland.
    29. Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Aysegul Sahin, 2020. "Gross Worker Flows and Fluctuations in the Aggregate Labor Market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 205-226, August.
    30. D’Amuri, Francesco & De Philippis, Marta & Guglielminetti, Elisa & Lo Bello, Salvatore, 2022. "Slack and prices during Covid-19: Accounting for labor market participation," Labour Economics, Elsevier, vol. 75(C).
    31. Christopher Ball & Nicolas Groshenny & zer Karagedikli & Murat zbilgin & Finn Robinson, 2022. "How wages respond to the job-finding and job-to-job transition rates? Evidence from New Zealand administrative data," TEPP Working Paper 2022-05, TEPP.
    32. Sengul, Gonul & Tasci, Murat, 2020. "Unemployment flows, participation, and the natural rate of unemployment: Evidence from turkey," Journal of Macroeconomics, Elsevier, vol. 64(C).
    33. Michael Callaghan & Jamie Culling & Finn Robinson, 2018. "Ageing is a drag: Projecting labour force participation in New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2018/10, Reserve Bank of New Zealand.
    34. Baert, Stijn, 2020. "The Iceberg Decomposition: A Parsimonious Way to Map the Health of Labour Markets," IZA Discussion Papers 13512, IZA Network @ LISER.
    35. Mitra, Aruni, 2021. "The Productivity Puzzle and the Decline of Unions," MPRA Paper 110102, University Library of Munich, Germany.
    36. Jones, Stephen R. G. & Riddell, William Craig, 2017. "Unemployment, marginal attachment and labor force participation in Canada and the United States," CLEF Working Paper Series 13, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    37. Mary C. Daly & Bart Hobijn, 2022. "The Importance of the Part‐Time and Participation Margins for Real Wage Adjustment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(S1), pages 89-111, February.
    38. Campolmi, Alessia & Gnocchi, Stefano, 2016. "Labor market participation, unemployment and monetary policy," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 17-29.
    39. Moon, Weh-Sol, 2025. "Heterogeneity and gross worker flows," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 47(4), pages 1-34.
    40. Stefania Albanesi & Ayşegül Şahin, 2017. "The Gender Unemployment Gap," NBER Working Papers 23743, National Bureau of Economic Research, Inc.
    41. Hirokazu Mizobata, 2024. "Japan’s dual labor market and its macroeconomic characteristics," Empirical Economics, Springer, vol. 67(1), pages 165-196, July.
    42. Jiwoon Kim, 2022. "The Recent Rise in Youth Unemployment Rate in Korea: A Flow Decomposition Analysis," Korean Economic Review, Korean Economic Association, vol. 38, pages 445-477.
    43. Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Aysegul, 2015. "Gross worker flows over the business cycle," LSE Research Online Documents on Economics 86279, London School of Economics and Political Science, LSE Library.
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    7. Anton Cheremukhin & Paulina Restrepo-Echavarria, 2022. "The Dual Beveridge Curve," Working Papers 2022-021, Federal Reserve Bank of St. Louis, revised 04 May 2026.
    8. Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
    9. Fortin, Pierre, 2024. "Does immigration help alleviate economy-wide labour shortages?," CLEF Working Paper Series 70, Canadian Labour Economics Forum (CLEF), University of Waterloo.
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    20. Fedorets, Alexandra & Lottmann, Franziska & Stops, Michael, 2019. "Job matching in connected regional and occupational labour markets," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 53(8), pages 1085-1098.
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    23. Dag Kolsrud, 2018. "Mismatch in the Norwegian Labour Market 2003–2013: Did Immigrants Make a Difference?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(3), pages 979-997, June.
    24. Peter Rodenburg, 2016. "How Full is Full Employment?How Tools and Not Theory Explained Full Employment," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 5-25.
    25. Gökten, Meryem & Heimberger, Philipp & Lichtenberger, Andreas, 2024. "How far from full employment? The European unemployment problem revisited," European Economic Review, Elsevier, vol. 164(C).
    26. Figura, Andrew & Waller, Chris, 2024. "What does the beveridge curve tell us about the likelihood of soft landings?," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    27. Crawley, Andrew & Welch, Sarah & Yung, Julieta, 2021. "Improving estimates of job matching efficiency with different measures of unemployment," Journal of Macroeconomics, Elsevier, vol. 67(C).
    28. Brancaccio, Giulia & Kalouptsidi, Myrto & Papageorgiou, Theodore, 2020. "A guide to estimating matching functions in spatial models," International Journal of Industrial Organization, Elsevier, vol. 70(C).
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    34. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," Working Papers halshs-03243698, HAL.
    35. Forsythe, Eliza & Wu, Jhih-Chian, 2021. "Explaining Demographic Heterogeneity in Cyclical Unemployment," Labour Economics, Elsevier, vol. 69(C).
    36. Barlevy, Gadi & Hobijn, Bart & Faberman, Jason & Sahin, Aysegül, 2023. "The Shifting Reasons for Beveridge-Curve Shifts," IZA Discussion Papers 16517, IZA Network @ LISER.
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    38. Christopher J. Waller, 2022. "Responding to High Inflation, with Some Thoughts on a Soft Landing: a speech at the Institute for Monetary and Financial Stability (IMFS) Distinguished Lecture, Goethe University Frankfurt, Germany, May 30, 2022," Speech 94280, Board of Governors of the Federal Reserve System (U.S.).
    39. Leonardo Fabio Morales & Carlos Ospino & Nicole Amaral, 2021. "Online Vacancies and its Role in Labor Market Performance," Borradores de Economia 1174, Banco de la Republica de Colombia.
    40. Fabrice Collard & Patrick Feve & Alain Guay, 2024. "Risk Scenarios and Macroeconomic Forecasts," Working Papers 24-03, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised May 2024.
    41. Luis Alberiko A. Gil-Alana & María Jesús González-Blanch & Carlos Poza, 2025. "Labour market mismatches in G7 countries: a fractional integration approach," Applied Economics, Taylor & Francis Journals, vol. 57(7), pages 736-752, February.
    42. Hie Joo Ahn & Leland D. Crane, 2020. "Dynamic Beveridge Curve Accounting," Finance and Economics Discussion Series 2020-027, Board of Governors of the Federal Reserve System (U.S.).
    43. Nuttapol Lertmethaphat & Nuarpear Lekfuangfu & Pucktada Treeratpituk, 2025. "Exploring the Thai Job Market Through the Lens of Natural Language Processing and Machine Learning," PIER Discussion Papers 228, Puey Ungphakorn Institute for Economic Research.
    44. Mark J. Holmes & Jesús Otero, 2020. "The Beveridge Curve Across US States: New Insights From a Pairwise Approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(2), pages 405-424, April.
    45. Hie Joo Ahn & Jeremy B. Rudd, 2024. "(Re-)Connecting Inflation and the Labor Market: A Tale of Two Curves," Finance and Economics Discussion Series 2024-050r1, Board of Governors of the Federal Reserve System (U.S.), revised 28 May 2025.
    46. Marco Fongoni, 2025. "Costly Wage Cuts, Relative Wage Comparisons, and Unemployment Hysteresis," AMSE Working Papers 2540, Aix-Marseille School of Economics, France.
    47. Tsasa, Jean-Paul K., 2022. "Labor market volatility in a fully specified RBC search model: An analytical investigation," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    48. Leonardo Fabio Morales & Eleonora Dávalos & Raquel Zapata, 2023. "Estimating Vacancy Stocks from Aggregated Data on Hires: A Methodology to Study Frictions in the Labor Market," Borradores de Economia 1228, Banco de la Republica de Colombia.
    49. Ryan Chahrour & Sanjay K. Chugh & Tristan Potter, 2023. "Anticipated productivity and the labor market," Quantitative Economics, Econometric Society, vol. 14(3), pages 897-934, July.
    50. Huixin Bi & Chaitri Gulati & Jose Mustre-del-Rio, 2022. "A Slowdown in Job Vacancies Is Likely to Coincide with Higher Unemployment and Slower Wage Growth," Economic Bulletin, Federal Reserve Bank of Kansas City, issue August 10, pages 1-4, August.
    51. Suguru Otani, 2024. "Nonparametric Estimation of Matching Efficiency and Mismatch in Labor Markets via Public Employment Security Offices in Japan, 1972-2024," Papers 2407.20931, arXiv.org, revised Dec 2024.
    52. Andrea Otero-Cortés & Alexander Villegas Mendoza & Oriana Álvarez Vos & Karina Acosta, 2023. "Caracterización de la oferta y demanda de trabajo en la Región Caribe," Documentos de trabajo sobre Economía Regional y Urbana 318, Banco de la Republica de Colombia.
    53. Pietro Giorgio Lovaglio, 2022. "Do job vacancies variations anticipate employment variations by sector? Some preliminary evidence from Italy," LABOUR, CEIS, vol. 36(1), pages 71-93, March.
    54. Rich Ryan, 2024. "Unemployment volatility: When workers pay costs upon accepting jobs," International Journal of Economic Theory, The International Society for Economic Theory, vol. 20(3), pages 303-333, September.
    55. Hiroaki Miyamoto, 2025. "Macroeconomic facts in the Japanese labor market: survey," The Japanese Economic Review, Springer, vol. 76(3), pages 621-666, July.
    56. Robert Calvert Jump & Engelbert Stockhammer, 2019. "Reconsidering the natural rate hypothesis," FMM Working Paper 45-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    57. Yusuf Mercan & Benjamin Schoefer & Petr Sedláček, 2020. "A Congestion Theory of Unemployment Fluctuations," CESifo Working Paper Series 8731, CESifo.
    58. Anastasopoulos, Jason & Borjas, George J. & Cook, Gavin G. & Lachanski, Michael, 2019. "Job Vacancies, the Beveridge Curve, and Supply Shocks: The Frequency and Content of Help-Wanted Ads in Pre- and Post-Mariel Miami," IZA Discussion Papers 12581, IZA Network @ LISER.
    59. Bocquet, L., 2024. "The Network Origin of Slow Labour Reallocation," Cambridge Working Papers in Economics 2465, Faculty of Economics, University of Cambridge.
    60. Gomme, Paul & Lkhagvasuren, Damba, 2015. "Worker search effort as an amplification mechanism," Journal of Monetary Economics, Elsevier, vol. 75(C), pages 106-122.
    61. Andrew Weaver, 2022. "Who Has Trouble Hiring? Evidence from a National IT Survey," ILR Review, Cornell University, ILR School, vol. 75(3), pages 608-637, May.
    62. Zheng Liu & Sylvain Leduc, 2016. "The Slow Job Recovery in a Macro Model of Search and Recruiting Intensity," 2016 Meeting Papers 1397, Society for Economic Dynamics.
    63. Herbert Walther, 2016. "Die Rekordarbeitslosigkeit als zentrale Herausforderung der Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 42(1), pages 19-59.
    64. Leythienne, Jean Fernand, 2024. "Is euro area at full employment ? — A diagnosis from the Beveridge curve," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 322-340.
    65. Tobias Broer & Jeppe Druedahl & Karl Harmenberg & Erik Öberg, 2025. "The Unemployment‐Risk Channel in Business‐Cycle Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(4), pages 1425-1458, October.
    66. Nuarpear Lekfuangfu & Nuttapol Lertmethaphat, 2025. "Building Thailand’s Beveridge Curve: New Insights of Thailand’s Labour Markets with Internet Job Platforms," PIER Discussion Papers 232, Puey Ungphakorn Institute for Economic Research.
    67. Forsythe, Eliza & Weinstein, Russell, 2021. "Recruiting Intensity, Hires, and Vacancies: Evidence from Firm-Level Data," IZA Discussion Papers 14138, IZA Network @ LISER.
    68. Basu, Parantap & Chivers, David & Park, Changhyun, 2024. "Labour immobility between industries: Consequences for the macroeconomy," Economic Systems, Elsevier, vol. 48(2).
    69. Harbo hansen, Niels-Jakob, 2019. "Measuring job openings: evidence from Swedish plant level data," Working Paper Series 2019:27, IFAU - Institute for Evaluation of Labour Market and Education Policy.
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    71. Cardullo, Gabriele & Guerci, Eric, 2019. "Interpreting the Beveridge curve. An agent-based approach," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 84-100.
    72. Andrew Figura & Christopher J. Waller, 2024. "What Does the Beveridge Curve Tell Us about the Likelihood of Soft Landings?," Finance and Economics Discussion Series 2024-073, Board of Governors of the Federal Reserve System (U.S.).
    73. Alex Dickson & Marco Fongoni, 2019. "Asymmetric reference-dependent reciprocity, downward wage rigidity, and the employment contract," Post-Print hal-05547603, HAL.
    74. David Evans & Claire Mason & Haohui Chen & Andrew Reeson, 2023. "An algorithm for predicting job vacancies using online job postings in Australia," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-9, December.
    75. Duffy, John & Jenkins, Brian C., 2024. "Search, unemployment, and the Beveridge curve: Experimental evidence," Labour Economics, Elsevier, vol. 87(C).

  9. Michael Elsby & Bart Hobijn & Ayseful Sahin, 2013. "The Decline of the U.S. Labor Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(2 (Fall)), pages 1-63.
    See citations under working paper version above.
  10. Michael W. L. Elsby & Bart Hobijn & Ayşegül Şahin, 2013. "Unemployment Dynamics in the OECD," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 530-548, May.
    See citations under working paper version above.
  11. Michael W. L. Elsby & Ryan Michaels, 2013. "Marginal Jobs, Heterogeneous Firms, and Unemployment Flows," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(1), pages 1-48, January.

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    1. Russell Cooper & Moritz Meyer & Immo Schott, 2017. "The Employment and Output Effects of Short-Time Work in Germany," NBER Working Papers 23688, National Bureau of Economic Research, Inc.
    2. Kudoh, Noritaka & Miyamoto, Hiroaki & Sasaki, Masaru, 2015. "Employment and Hours over the Business Cycle in a Model with Search Frictions," IZA Discussion Papers 8946, IZA Network @ LISER.
    3. Sebastian Graves, 2020. "The State Dependent Effectiveness of Hiring Subsidies," International Finance Discussion Papers 1290, Board of Governors of the Federal Reserve System (U.S.).
    4. Leland D. Crane, 2014. "Firm Dynamics and Assortative Matching," Working Papers 14-25, Center for Economic Studies, U.S. Census Bureau.
    5. Cahuc, Pierre, 2014. "Search, flows, job creations and destructions," Labour Economics, Elsevier, vol. 30(C), pages 22-29.
    6. Camila Cisneros-Acevedo & Alessandro Ruggieri, 2022. "Firms, policies, informality, and the labour market," Discussion Papers 2022-11, University of Nottingham, GEP.
    7. Étienne Lalé, 2022. "Search and Multiple Jobholding," CIRANO Working Papers 2022s-28, CIRANO.
    8. Lochner, Benjamin & Merkl, Christian & Stüber, Heiko & Gürtzgen, Nicole, 2020. "Recruiting Intensity and Hiring Practices: Cross-Sectional and Time-Series Evidence," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224559, Verein für Socialpolitik / German Economic Association.
    9. Hassan Molana & Catia Montagna, 2016. "Selection, Trade, and Employment: The Strategic Use of Subsidies," Dundee Discussion Papers in Economics 296, Economic Studies, University of Dundee.
    10. Yating Dai & Jian Cheng & Daolin Zhu, 2022. "Understanding the Impact of Land Supply Structure on Low Consumption: Empirical Evidence from China," Land, MDPI, vol. 11(4), pages 1-18, April.
    11. Gálvez-Iniesta, Ismael, 2024. "The role of immigration in a deep recession," European Economic Review, Elsevier, vol. 168(C).
    12. Graff Zivin, Joshua & Lepinteur, Anthony & Neidell, Matthew & Nieto Castro, Adrian, 2025. "A Cold Stop: Temperature, Unemployment and Joblessness Dynamics," IZA Discussion Papers 18260, IZA Network @ LISER.
    13. Alessandro Gavazza & Simon Mongey & Giovanni L. Violante, 2016. "Aggregate Recruiting Intensity," NBER Working Papers 22677, National Bureau of Economic Research, Inc.
    14. Angyridis, Constantine & Zhou, Haiwen, 2022. "Search, Technology Choice, and Unemployment," MPRA Paper 112064, University Library of Munich, Germany.
    15. Julien Albertini & Xavier Fairise & Anthony Terriau, 2024. "Corporate taxation and firm heterogeneity," TEPP Working Paper 2024-08, TEPP.
    16. Adrien Bilal & Niklas Engbom & Simon Mongey & Giovanni L. Violante, 2022. "Firm and Worker Dynamics in a Frictional Labor Market," Econometrica, Econometric Society, vol. 90(4), pages 1425-1462, July.
    17. Alessandro Ruggieri, 2019. "Trade and labour market institutions: A tale of two liberalizations," Discussion Papers 2019-15, University of Nottingham, GEP.
    18. Jake Bradley & Axel Gottfries, 2022. "Labour market dynamics and growth," Discussion Papers 2022/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    19. Povilas Lastauskas, 2022. "Lockdown, employment adjustment, and financial frictions," Small Business Economics, Springer, vol. 58(2), pages 919-942, February.
    20. Simon Mongey & Gianluca Violante & Alessandro Gavazza, 2015. "What Shifts the Beveridge Curve? Recruiting Intensity and Financial Shocks," 2015 Meeting Papers 1079, Society for Economic Dynamics.
    21. Vincent Sterk & Petr Sedlacek, 2014. "The growth potential of startups over the business cycle," 2014 Meeting Papers 84, Society for Economic Dynamics.
    22. Toshihiko Mukoyama, 2019. "Heterogeneous Jobs and the Aggregate Labour Market," The Japanese Economic Review, Springer, vol. 70(1), pages 30-50, March.
    23. Leo Kaas, 2020. "Block-Recursive Equilibria in Heterogenous-Agent Models," CESifo Working Paper Series 8737, CESifo.
    24. Juan J. Dolado & Etienne Lale & Helene Turon, 2022. "Zero-hours Contracts in a Frictional Labor Market," Working Papers 22-02, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    25. Nyarko, Yaw & Pellegrina, Heitor S., 2022. "From bilateral trade to centralized markets: A search model for commodity exchanges in Africa," Journal of Development Economics, Elsevier, vol. 157(C).
    26. Görg, Holger & Henze, Philipp & Jienwatcharamongkhol, Viroj & Kopasker, Daniel & Molana, Hassan & Montagna, Catia & Sjöholm, Fredrik, 2017. "Firm size distribution and employment fluctuations: Theory and evidence," Research in Economics, Elsevier, vol. 71(4), pages 690-703.
    27. Simon Mongey & Gianluca Violante & Alessandro Gavazza, 2014. "What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks," 2014 Meeting Papers 1014, Society for Economic Dynamics.
    28. Björn Brügemann & Pieter Gautier & Guido Menzio, 2018. "Intra Firm Bargaining and Shapley Values," PIER Working Paper Archive 18-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 31 Jan 2018.
    29. Nicolas Roys, 2016. "Persistence of Shocks and the Reallocation of Labor," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 109-130, October.
    30. Lucia S. Foster & Cheryl A. Grim & John Haltiwanger & Zoltan Wolf, 2017. "Macro and Micro Dynamics of Productivity: From Devilish Details to Insights," NBER Working Papers 23666, National Bureau of Economic Research, Inc.
    31. Alessandro Ruggieri & Nezih Guner, 2022. "Misallocation and Inequality," Working Papers 1334, Barcelona School of Economics.
    32. William J. Carrington & Bruce Fallick, 2017. "Why Do Earnings Fall with Job Displacement?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(4), pages 688-722, October.
    33. Denant-Boemont, Laurent & Gaigné, Carl & Gaté, Romain, 2018. "Urban spatial structure, transport-related emissions and welfare," Journal of Environmental Economics and Management, Elsevier, vol. 89(C), pages 29-45.
    34. Leena Rudanko, 2018. "Firm Wages in a Frictional Labor Market," 2018 Meeting Papers 1154, Society for Economic Dynamics.
    35. Michael W. L. Elsby & Ryan Michaels & David Ratner, 2015. "The Beveridge Curve: A Survey," Journal of Economic Literature, American Economic Association, vol. 53(3), pages 571-630, September.
    36. Julien Albertini & Arthur Poirier & Anthony Terriau, 2025. "Payroll Tax Reductions on Low Wages and Minimum Wage in France," Working Papers 2501, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    37. Bauducco, Sofía & Janiak, Alexandre, 2018. "The macroeconomic consequences of raising the minimum wage: Capital accumulation, employment and the wage distribution," European Economic Review, Elsevier, vol. 101(C), pages 57-76.
    38. Sedláček, Petr, 2020. "Lost generations of firms and aggregate labor market dynamics," Journal of Monetary Economics, Elsevier, vol. 111(C), pages 16-31.
    39. Guido Ascari & Andrea Colciago & Marco Membretti, 2026. "The Employment Concentration Channel of Monetary Policy," Working Papers 859, DNB.
    40. Firooz, Hamid, 2025. "The pro-competitive consequences of trade in frictional labor markets," Journal of International Economics, Elsevier, vol. 153(C).
    41. Elizabeth Weber Handwerker & Lowell Mason, 2018. "What Happens to the Employers Involved in Mass Layoffs?," Southern Economic Journal, John Wiley & Sons, vol. 85(2), pages 485-507, October.
    42. Ryan Michaels & T Beau Page & Toni M Whited, 2019. "Labor and Capital Dynamics under Financing Frictions," Review of Finance, European Finance Association, vol. 23(2), pages 279-323.
    43. Émilien Gouin‐Bonenfant, 2022. "Productivity Dispersion, Between‐Firm Competition, and the Labor Share," Econometrica, Econometric Society, vol. 90(6), pages 2755-2793, November.
    44. GORYUNOV, Maxim, 2017. "Sorting when firms have size," Economics Working Papers MWP 2017/09, European University Institute.
    45. Elhanan Helpman & Oleg Itskhoki, "undated". "Trade Liberalization and Labor Market Dynamics with Heterogeneous Firms," Working Paper 199161, Harvard University OpenScholar.
    46. Ryan Michaels & David Ratner & Michael Elsby, 2016. "Labor Market Frictions and Aggregate Employment," 2016 Meeting Papers 770, Society for Economic Dynamics.
    47. Björn Brügemann, 2021. "Invariance of Unemployment and Vacancy Dynamics with Respect to Diminishing Returns to Labor at the Firm Level," Tinbergen Institute Discussion Papers 21-034/VI, Tinbergen Institute.
    48. Andrea Colciago & Marco Membretti, 2024. "Barriers to Entry and the Labor Market," DEM Working Papers Series 222, University of Pavia, Department of Economics and Management.
    49. Arata, Yoshiyuki, 2019. "Firm growth and Laplace distribution: The importance of large jumps," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 63-82.
    50. Kosho Tanaka, 2018. "Technological progress, firm selection, and unemployment," Economics Bulletin, AccessEcon, vol. 38(1), pages 431-442.
    51. Mangin, Sephorah & Sedláček, Petr, 2018. "Unemployment and the labor share," Journal of Monetary Economics, Elsevier, vol. 94(C), pages 41-59.
    52. Shigeru Fujita & Makoto Nakajima, 2016. "Worker Flows and Job Flows: A Quantitative Investigation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 1-20, October.
    53. Bernstein, Joshua & Richter, Alexander W. & Throckmorton, Nathaniel A., 2021. "Cyclical net entry and exit," European Economic Review, Elsevier, vol. 136(C).
    54. Leo Kaas & Bihemo Kimasa, 2021. "Firm Dynamics With Frictional Product And Labor Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(3), pages 1281-1317, August.
    55. Hassan Afrouzi & Andres Drenik & Ryan Kim, 2020. "Growing by the Masses - Revisiting the Link between Firm Size and Market Power," CESifo Working Paper Series 8633, CESifo.
    56. In Hwan Jo, 2025. "Firm Size And Business Cycles With Credit Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 629-659, May.
    57. Tsasa, Jean-Paul K., 2022. "Labor market volatility in a fully specified RBC search model: An analytical investigation," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    58. Kohlbrecher, Britta, 2019. "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics 07/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    59. Josep Pijoan-Mas & Pau Roldan-Blanco, 2025. "Dual Labor Markets and the Equilibrium Distribution of Firms," Working Papers wp2025_2530, CEMFI.
    60. John Haltiwanger & Henry Hyatt & Erika McEntarfer, 2017. "Who Moves Up the Job Ladder?," Working Papers 17-63, Center for Economic Studies, U.S. Census Bureau.
    61. Niklas Engbom, 2018. "Firm and Worker Dynamics in an Aging Labor Market," 2018 Meeting Papers 1009, Society for Economic Dynamics.
    62. Gebauer Markus, 2023. "Job Protection — It is Good to be an Insider," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 13(1), pages 1-50, January.
    63. Pau Roldan & Sophia Gilbukh, 2017. "Firm Dynamics and Pricing under Customer Capital Accumulation," 2017 Meeting Papers 1235, Society for Economic Dynamics.
    64. Ismail Baydur & Fatih Yilmaz, 2021. "VAT Treatment of the Financial Services: Implications for the Real Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(8), pages 2167-2200, December.
    65. Alireza Sepahsalari, 2016. "Financial Market Imperfections and Labour Market Outcomes," Discussion Papers 1624, Centre for Macroeconomics (CFM).
    66. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    67. Mecikovsky, Ariel Matias & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100541, Verein für Socialpolitik / German Economic Association.
    68. Kurmann, André & Rabinovich, Stanislav, 2018. "Dynamic inefficiency in decentralized capital markets," Journal of Economic Theory, Elsevier, vol. 173(C), pages 231-256.
    69. David M. Arseneau & Sanjay K. Chugh, 2023. "Tax Smoothing in Frictional Labor Markets: A Reply," Journal of Political Economy, University of Chicago Press, vol. 131(5), pages 1372-1382.
    70. Kim, Jiwoon, 2021. "Wage negotiations in multi-worker firms and stochastic bargaining powers of existing workers," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
    71. Bin Ni & Hayato Kato & Yang Liu, 2023. "Does it matter where you invest? The impact of foreign direct investments on domestic job creation and destruction," The World Economy, Wiley Blackwell, vol. 46(1), pages 135-152, January.
    72. Sepahsalari, Alireza, 2016. "Financial market imperfections and labour market outcomes," LSE Research Online Documents on Economics 86224, London School of Economics and Political Science, LSE Library.
    73. Hassan Molana & Catia Montagna, 2018. "Competitive selection, trade, and employment: The strategic use of subsidies," Review of International Economics, Wiley Blackwell, vol. 26(5), pages 1154-1177, November.
    74. Kohlbrecher, Britta, 2016. "Optimal Monetary Policy under Rigid Wages and Decreasing Returns," VfS Annual Conference 2016 (Augsburg): Demographic Change 145867, Verein für Socialpolitik / German Economic Association.
    75. Sofia Bauducco & Alexandre Janiak, 2015. "The Impact of the Minimum Wage on Capital Accumulation and Employment in a Large-Firm Framework," Working Papers Central Bank of Chile 755, Central Bank of Chile.
    76. Mikhail Simutin & JessieJiaxu Wang & Lars Kuehn, 2014. "A Labor Capital Asset Pricing Model," 2014 Meeting Papers 695, Society for Economic Dynamics.
    77. Jake Bradley & Axel Gottfries, 2021. "A job ladder model with stochastic employment opportunities," Quantitative Economics, Econometric Society, vol. 12(4), pages 1399-1430, November.
    78. Hassan Molana, 2015. "Selection, Trade, and Employment: the Strategic Use of Subsidies. WWWforEurope Policy Paper No. 21," WIFO Studies, WIFO, number 57894.
    79. Ryan A. Decker & John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2018. "Changing Business Dynamism and Productivity : Shocks vs. Responsiveness," Finance and Economics Discussion Series 2018-007, Board of Governors of the Federal Reserve System (U.S.).

  12. Michael W. L. Elsby & Matthew D. Shapiro, 2012. "Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle," American Economic Review, American Economic Association, vol. 102(4), pages 1378-1413, June.

    Cited by:

    1. David Lagakos & Benjamin Moll & Tommaso Porzio & Nancy Qian, 2012. "Experience Matters: Human Capital and Development Accounting," Working Papers 2012-021, Human Capital and Economic Opportunity Working Group.
    2. Boppart, Timo & Ngai, L. Rachel, 2021. "Rising inequality and trends in leisure," LSE Research Online Documents on Economics 108919, London School of Economics and Political Science, LSE Library.
    3. Callum Jones, 2018. "Aging, Secular Stagnation and the Business Cycle," IMF Working Papers 2018/067, International Monetary Fund.
    4. Mark Aguiar & Mark Bils & Kerwin Kofi Charles & Erik Hurst, 2017. "Leisure Luxuries and the Labor Supply of Young Men," NBER Working Papers 23552, National Bureau of Economic Research, Inc.
    5. Regis Barnichon & Andrew Figura, 2015. "Declining Desire to Work and Downward Trends in Unemployment and Participation," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 449-494, National Bureau of Economic Research, Inc.
    6. Nekoei, Arash, 2022. "The measurement of labor supply using March CPS: A cautionary tale," Economics Letters, Elsevier, vol. 216(C).
    7. Ricardo Manuel Santos, 2014. "Dynamic Effects of Labor Supply: a mechanism explaining cross-sectional differences in hours," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 630-653, October.
    8. Epstein, Brendan & Mukherjee, Rahul & Finkelstein Shapiro, Alan & Ramnath, Shanthi, 2020. "Trends in aggregate employment, hours worked per worker, and the long-run labor wedge," MPRA Paper 99289, University Library of Munich, Germany.
    9. Patrick Kehoe & Elena Pastorino & Virgiliu Midrigan, 2016. "Debt Constraints and Employment," NBER Working Papers 22614, National Bureau of Economic Research, Inc.
    10. Ting Zhu & Xiaqing Chen & Wenwen Zhang & Basil Sharp, 2023. "Analysis of the Spatial–Temporal Evolution of the Digital Economy and Its Impact on the Employment Structure in China from 2001 to 2020," Sustainability, MDPI, vol. 15(12), pages 1-18, June.
    11. Dungey, Mardi & Jacobs, Jan & Tian, Jing & Norden, Simon van, 2012. "On trend-cycle decomposition and data revision," Research Report 12009-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    12. Ross Doppelt, 2019. "Skill Flows: A Theory of Human Capital and Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 84-122, January.
    13. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2017. "On the Importance of Easing Consumer Credit Frictions," Economic Policy Paper 17-5, Federal Reserve Bank of Minneapolis.
    14. Virginia Sánchez-Marcos & Francesc Obiols-Homs, 2022. "Labor Force Participation, Wages and Turbulence," Working Papers 1347, Barcelona School of Economics.
    15. Régis Barnichon & Andrew Figura, 2013. "Declining Labor Force Attachment and Downward Trends in Unemployment and Participation," Finance and Economics Discussion Series 2013-88, Board of Governors of the Federal Reserve System (U.S.).
    16. Guimarães, Luis & Lourenço, Diogo, 2024. "The Imperfections of Conditional Programs and the Case for Universal Basic Income," MPRA Paper 119964, University Library of Munich, Germany.
    17. Hyeok Jeong & Yong Kim & Iourii Manovskii, 2014. "The Price of Experience," NBER Working Papers 20457, National Bureau of Economic Research, Inc.
    18. Erin Wolcott, 2018. "Employment Inequality: Why Do the Low-Skilled Work Less Now?," 2018 Meeting Papers 487, Society for Economic Dynamics.
    19. Christian vom Lehn & Eric Fisher & Aspen Gorry, 2018. "Male Labor Supply and Generational Fiscal Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 28, pages 121-149, April.
    20. Jay H. Hong & Byoung Hoon Seok & Hye Mi You, 2019. "Wage Volatility And Changing Patterns Of Labor Supply," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(2), pages 595-630, May.
    21. Jiaoning Zhang & Xiaoyu Ma & Jiamin Liu, 2022. "How Can the Digital Economy and Human Capital Improve City Sustainability," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    22. Cynthia L. Doniger, 2019. "Do Greasy Wheels Curb Inequality?," Finance and Economics Discussion Series 2019-021, Board of Governors of the Federal Reserve System (U.S.).
    23. Michael Elsby & David Ratner & Ryan Michaels, 2018. "The Wages of Nonemployment," 2018 Meeting Papers 1077, Society for Economic Dynamics.
    24. Pawel Krolikowski, 2016. "Choosing a Control Group for Displaced Workers," Working Papers (Old Series) 1605, Federal Reserve Bank of Cleveland.
    25. Michelacci, Claudio & Pijoan-Mas, Josep, 2013. "Labor Supply with Job Assignment under Balanced Growth," CEPR Discussion Papers 9296, Centre for Economic Policy Research.
    26. Yunus Aksoy & Henrique S. Basso & Carolyn St Aubyn, 2021. "Time variation in lifecycle consumption and income," Working Papers 2111, Banco de España.
    27. Cynthia L. Doniger, 2021. "The Ways the Cookie Crumbles: Education and the Margins of Cyclical Adjustment in the Labor Market," Finance and Economics Discussion Series 2021-019, Board of Governors of the Federal Reserve System (U.S.).
    28. Cynthia L. Doniger & J. David López-Salido, 2017. "Hysteresis via Endogenous Rigidity in Wages and Participation," Finance and Economics Discussion Series 2017-044, Board of Governors of the Federal Reserve System (U.S.).
    29. Benoit Dostie & Genevieve Dufour & Raquel Fonseca & Étienne Lalé, 2020. "Évolution séculaire du profil des salaires en fonction de l’âge : Québec, Canada et États-Unis," CIRANO Project Reports 2020rp-21, CIRANO.
    30. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," Staff Report 566, Federal Reserve Bank of Minneapolis.
    31. Rauh, C. & Santos, M. R., 2022. "How do transfers and universal basic income impact the labor market and inequality?," Cambridge Working Papers in Economics 2208, Faculty of Economics, University of Cambridge.

  13. Michael W. L. Elsby & Jennifer C. Smith & Jonathan Wadsworth, 2011. "The role of worker flows in the dynamics and distribution of UK unemployment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 338-363.
    See citations under working paper version above.
  14. Michael W. L. Elsby & Bart Hobijn & Aysegul Sahin & Robert G. Valletta, 2011. "The Labor Market in the Great Recession — An Update to September 2011," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(2 (Fall)), pages 353-384.

    Cited by:

    1. Fabian Lange & Theodore Papageorgiou, 2020. "Beyond Cobb-Douglas: Flexibly Estimating Matching Functions with Unobserved Matching Efficiency," NBER Working Papers 26972, National Bureau of Economic Research, Inc.
    2. Nicholas Apergis & Ibrahim Arisoy, 2017. "Unemployment and labor force participation across the US States: new evidence from panel data," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 45-84, October-D.
    3. Ronald Bachmann & Mathias Sinning, 2016. "Decomposing the Ins and Outs of Cyclical Unemployment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(6), pages 853-876, December.
    4. Forsythe, Eliza & Kahn, Lisa B. & Lange, Fabian & Wiczer, David, 2022. "Where have all the workers gone? Recalls, retirements, and reallocation in the COVID recovery," Labour Economics, Elsevier, vol. 78(C).
    5. Bellmann Lutz & Hübler Olaf, 2014. "The Skill Shortage in German Establishments Before, During and After the Great Recession," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(6), pages 800-828, December.
    6. Fujita, Shigeru, 2018. "Declining labor turnover and turbulence," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 1-19.
    7. Costas KARFAKIS & Constantinos KATRAKILIDIS & Eftychia TSANANA, 2014. "Does output predict unemployment? A look at Okun's law in Greece," International Labour Review, International Labour Organization, vol. 153(3), pages 421-433, September.
    8. Riccardo Zago, 2020. "Job Polarization, Skill Mismatch and the Great Recession," Working papers 755, Banque de France.
    9. Khalifa, Sherif, 2015. "Learning-by-doing and unemployment dynamics," Economic Modelling, Elsevier, vol. 44(C), pages 180-187.
    10. Hall, R.E., 2016. "Macroeconomics of Persistent Slumps," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2131-2181, Elsevier.
    11. Takhtamanova, Yelena F. & Sierminska, Eva, 2016. "Impact of the Great Recession on Industry Unemployment: A 1976-2011 Comparison," IZA Discussion Papers 10340, IZA Network @ LISER.
    12. Andreas I. Mueller, 2017. "Separations, Sorting, and Cyclical Unemployment," American Economic Review, American Economic Association, vol. 107(7), pages 2081-2107, July.
    13. Kyong Hyun Koo, 2016. "The Evolution of Earnings Volatility During and After the Great Recession," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(4), pages 705-732, October.
    14. Burda, Michael C. & Seele, Stefanie, 2017. "Das deutsche Arbeitsmarktwunder: Eine Bilanz," SFB 649 Discussion Papers 2017-022, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    15. Beverly, Josh & Stewart, Shamar L. & Neill, Clinton L., 2024. "What drives labor force participation rate variability? The case of West Virginia," Economic Modelling, Elsevier, vol. 140(C).
    16. Carl Singleton, 2018. "Long‐Term Unemployment and the Great Recession: Evidence from UK Stocks and Flows," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(2), pages 105-126, May.
    17. Tavares, Tiago, 2015. "Labor Market Distortions under Sovereign Default Crises," MPRA Paper 66964, University Library of Munich, Germany.
    18. Jaison R. Abel & Richard Deitz, 2015. "Underemployment in the early careers of college graduates following the Great Recession," Staff Reports 749, Federal Reserve Bank of New York.
    19. Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto, 2018. "Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions," Working Papers gueconwpa~18-18-04, Georgetown University, Department of Economics.
    20. Nikolaos Kokonas & Paulo Santos Monteiro, 2020. "The Ins and Outs of Unemployment in General Equilibrium," Discussion Papers 2014, Centre for Macroeconomics (CFM).
    21. Hie Joo Ahn & James Hamilton, 2022. "Measuring Labor-Force Participation and the Incidence and Duration of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 1-32, April.
    22. Auray, Stéphane & Eyquem, Aurélien & Gomme, Paul, 2019. "Debt hangover in the aftermath of the Great Recession," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 107-133.

  15. Elsby, Michael W.L. & Smith, Jennifer C., 2010. "The Great Recession in the UK Labour Market: A Transatlantic Perspective," National Institute Economic Review, National Institute of Economic and Social Research, vol. 214, pages 26-37, October.
    See citations under working paper version above.
  16. Michael W. L. Elsby & Bart Hobijn & Aysegul Sahin, 2010. "The Labor Market in the Great Recession," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(1 (Spring), pages 1-69.
    See citations under working paper version above.
  17. Elsby, Michael W.L., 2009. "Evaluating the economic significance of downward nominal wage rigidity," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 154-169, March.
    See citations under working paper version above.
  18. Gary Solon & Ryan Michaels & Michael W. L. Elsby, 2009. "The Ins and Outs of Cyclical Unemployment," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 84-110, January.
    See citations under working paper version above.
  19. Tom Clark & Mike Elsby & Sarah Love, 2002. "Trends in British public investment," Fiscal Studies, Institute for Fiscal Studies, vol. 23(3), pages 305-352, September.

    Cited by:

    1. Chris Chan & Danny Forwood & Heather Roper & Chris Sayers, 2009. "Public Infrastructure Financing: An International Perspective," Staff Working Papers 0902, Productivity Commission, Government of Australia.

Chapters

  1. Michael W. L. Elsby & Donggyun Shin & Gary Solon, 2013. "Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain," NBER Chapters, in: Labor Markets in the Aftermath of the Great Recession, pages 246-291, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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