Download or read book The Recent Decline in Employment Dynamics written by Henry R. Hyatt and published by . This book was released on 2013 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the rate at which workers and businesses exchange jobs has declined in the United States. Between 1998 and 2010, rates of job creation, job destruction, hiring, and separation declined dramatically, and the rate of job-to-job flows fell by about half. Little is known about the nature and extent of these changes, and even less about their causes and implications. In this paper, we document and attempt to explain the recent decline in employment dynamics. Our empirical work relies on the four leading datasets of quarterly employment dynamics in the United States - the Longitudinal Employer-Household Dynamics (LEHD), the Business Employment Dynamics (BED), the Job Openings and Labor Turnover Survey (JOLTS), and the Current Population Survey (CPS).We find that changes in the composition of the labor force and of employers explain relatively little of the decline. Exploiting some identities that relate the different measures to each other, we find that job creation and destruction could explain as much of a third of the decline in hires and separations, while job-to-job flows may explain more of the decline. We end our paper with a discussion of different possible explanations and their relative merits.
Download or read book Recent U S Labor Force Dynamics written by Mr.Ravi Balakrishnan and published by International Monetary Fund. This book was released on 2015-04-02 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around 1⁄4–? of the post-2007 decline is reversible, the LFPR will continue to decline given population aging. This paper’s measure of the “employment gap” also suggests that labor market slack remains and will only decline gradually, pointing to a still important role for stimulative macro-economic policies to help reach full employment. In addition, given the continued downward pressure on the LFPR, labor supply measures will be an essential component of the strategy to boost potential growth. Finally, stimulative macroeconomic and labor supply policies should also help reduce the scope for further hysteresis effects to develop (e.g., loss of skills, discouragement).
Download or read book Business Dynamics Statistics Briefing written by John Haltiwanger and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Census Bureau's Business Dynamics Statistics (BDS) provides data on business dynamics for U.S. firms and establishments with paid employees. This briefing highlights some key features of the most recent BDS update, which now has data through 2009 - the trough of the recent recession. The BDS shows a very large decline in gross job creation from existing firms as well as startups in the recession. Economy-wide job-creation rates and the job-creation rate from business startups (new firms) are lower in 2009 than in any year since at least 1980. The historically low rates in 2009 reflect many factors, the first of which is the very large decline in overall economic activity. However, the recession exhibited not only a very large decline in overall activity, but also an especially large reduction in overall job creation, and in job creation from startups and new establishments. The historically low job creation rates from business startups combined with a secular downward trend in job creation and destruction rates over the past few decades contribute to 2009's lower job creation rates. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation, and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than six million establishments with paid employees. The population of these businesses is constantly churning - some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.
Download or read book Three Aspects of Labor Dynamics written by Wladimir S. Woytinsky and published by . This book was released on 1942 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Reemergence of Self Employment written by Richard Arum and published by Princeton University Press. This book was released on 2009-01-10 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents results of a cross-national research project on self-employment in eleven advanced economies and demonstrates how and why the practice is reemerging in modern societies. While traditional forms of self-employment, such as skilled crafts work and shop keeping, are in decline, they are being replaced by self-employment in both professional and unskilled occupations. Differences in self-employment across societies depend on the extent to which labor markets are regulated and the degree to which intergenerational family relationships are a primary factor structuring social organization. For each of the eleven countries analyzed, the book highlights the extent to which social background, educational attainment, work history, family status, and gender affect the likelihood that an individual will enter--and continue--a particular type of self-employment. While involvement with self-employment is becoming more common, it is occurring for individuals in activities that are more diverse, unstable and transitory than in years past.
Download or read book The New Geography of Jobs written by Enrico Moretti and published by Houghton Mifflin Harcourt. This book was released on 2012 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Makes correlations between success and geography, explaining how such rising centers of innovation as San Francisco and Austin are likely to offer influential opportunities and shape the national and global economies in positive or detrimental ways.
Download or read book Firm Entry and Employment Dynamics in the Great Recession written by Michael Siemer and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding the Growth Slowdown written by Brink Lindsey and published by Cato Institute. This book was released on 2015-12-10 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies and industries rise and fall...fortunes are made and lost...jobs are created and destroyed by the millions. These are the headline-grabbing dramas of modern economic life. But, residing beneath the booms and busts is a more deeply consequential drama: the long-term growth of real gross domestic product (GDP). Often only apparent years after happening, shifts in long term growth rates are as momentous as they are subtle. This new ebook examines the gathering evidence, in the wake of the great recession of 2008, that we are in the midst of one of these profound shifts. The disappointing performance of the U.S. economy in recent years—the slowest post recession expansion since World War II—may not be just a temporary setback after a severe downturn. It could be the “new normal.”
Download or read book U S Total Factor Productivity Slowdown written by Mr.Roberto Cardarelli and published by International Monetary Fund. This book was released on 2015-05-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”
Download or read book What s Up with U S Wage Growth and Job Mobility written by Mr.Stephan Danninger and published by International Monetary Fund. This book was released on 2016-06-28 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the global financial crisis, US wage growth has been sluggish. Drawing on individual earnings data from the 2000–15 Current Population Survey, I find that the drawn-out cyclical labor market repair—likely owing to low entry wages of new workers—slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages: for full-time, full-employed workers, the Wage-Phillips curve—the empirical relationship between wage growth and the unemployment rate—has become horizontal after 2008. Similarly, job-turnover rates have continued to decline. Job-to-job transitions—associated with higher wage growth—have slowed across all skill and age groups and beyond what local labor market conditions would imply. This raises concerns about the allocative ability of the labor market to adjust to changing economic conditions.
Download or read book Business Location Decisions and Employment Dynamics in California written by Jed David Kolko and published by Public Policy Instit. of CA. This book was released on 2007 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Much recent debate about the state's economy has focused on the narrow issue of whether California businesses are moving to other state--taking jobs with them. In this report, PPIC researchers Jed Kolko and David Neumark examine the broader patterns of employment dynamics--the ways in which jobs and businesses move into, around, and out of the state--to provide a more accurate and comprehensive understanding of the California economy."--PPIC Web site
Download or read book Good Jobs Bad Jobs written by Arne L. Kalleberg and published by Russell Sage Foundation. This book was released on 2011-06-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic boom of the 1990s veiled a grim reality: in addition to the growing gap between rich and poor, the gap between good and bad quality jobs was also expanding. The postwar prosperity of the mid-twentieth century had enabled millions of American workers to join the middle class, but as author Arne L. Kalleberg shows, by the 1970s this upward movement had slowed, in part due to the steady disappearance of secure, well-paying industrial jobs. Ever since, precarious employment has been on the rise—paying low wages, offering few benefits, and with virtually no long-term security. Today, the polarization between workers with higher skill levels and those with low skills and low wages is more entrenched than ever. Good Jobs, Bad Jobs traces this trend to large-scale transformations in the American labor market and the changing demographics of low-wage workers. Kalleberg draws on nearly four decades of survey data, as well as his own research, to evaluate trends in U.S. job quality and suggest ways to improve American labor market practices and social policies. Good Jobs, Bad Jobs provides an insightful analysis of how and why precarious employment is gaining ground in the labor market and the role these developments have played in the decline of the middle class. Kalleberg shows that by the 1970s, government deregulation, global competition, and the rise of the service sector gained traction, while institutional protections for workers—such as unions and minimum-wage legislation—weakened. Together, these forces marked the end of postwar security for American workers. The composition of the labor force also changed significantly; the number of dual-earner families increased, as did the share of the workforce comprised of women, non-white, and immigrant workers. Of these groups, blacks, Latinos, and immigrants remain concentrated in the most precarious and low-quality jobs, with educational attainment being the leading indicator of who will earn the highest wages and experience the most job security and highest levels of autonomy and control over their jobs and schedules. Kalleberg demonstrates, however, that building a better safety net—increasing government responsibility for worker health care and retirement, as well as strengthening unions—can go a long way toward redressing the effects of today’s volatile labor market. There is every reason to expect that the growth of precarious jobs—which already make up a significant share of the American job market—will continue. Good Jobs, Bad Jobs deftly shows that the decline in U.S. job quality is not the result of fluctuations in the business cycle, but rather the result of economic restructuring and the disappearance of institutional protections for workers. Only government, employers and labor working together on long-term strategies—including an expanded safety net, strengthened legal protections, and better training opportunities—can help reverse this trend. A Volume in the American Sociological Association’s Rose Series in Sociology.
Download or read book Reinventing the New Jersey Economy written by James W. Hughes and published by . This book was released on 2012 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Producer Dynamics written by Timothy Dunne and published by University of Chicago Press. This book was released on 2009-05-15 with total page 623 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.
Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United States written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-07-23 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on the United States of America examines the recent US labor force penetration rate (LFPR) dynamics. LFPR dynamics can be driven by structural factors and cyclical ones related to job prospects. With participation rates for older workers lower than for prime age workers, demographic models suggest that aging of the baby boom generation explains about 50 percent of the near 3p.p. LFPR decline during 2007–2013. State-level panel regression analysis is used to tie down the cyclical effect, which is estimated to account for about 30–40 percent of the decline. Significant remaining slack in the labor market points to an important role for macroeconomic and labor supply policies. This suggests a still important role for stimulative macroeconomic policies to help reach full employment. Macroeconomic policy should remain accommodative for a while given sizeable labor market slack. This slack goes beyond that signaled by the unemployment rate and takes account of the LFPR being below trend and many employees working part time ‘involuntarily’.
Download or read book The End of Work written by Jeremy Rifkin and published by Tarcher. This book was released on 2004 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most significant domestic issue of the 2004 elections is unemployment. The United States has lost nearly three million jobs in the last ten years, and real employment hovers around 9.1 percent. Only one political analyst foresaw the dark side of the technological revolution and understood its implications for global employment: Jeremy Rifkin. The End of Workis Jeremy Rifkin's most influential and important book. Now nearly ten years old, it has been updated for a new, post-New Economy era. Statistics and figures have been revised to take new trends into account. Rifkin offers a tough, compelling critique of the flaws in the techniques the government uses to compile employment statistics. The End of Workis the book our candidates and our country need to understand the employment challenges-and the hopes-facing us in the century ahead.
