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Institution

Institute for the Study of Labor

NonprofitBonn, Germany
About: Institute for the Study of Labor is a nonprofit organization based out in Bonn, Germany. It is known for research contribution in the topics: Wage & Unemployment. The organization has 2039 authors who have published 13475 publications receiving 439376 citations.
Topics: Wage, Unemployment, Earnings, Population, Productivity


Papers
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Posted Content
TL;DR: A U-shaped relationship between age and levels of life satisfaction for individuals aged between 16 and 65 is observed, and life satisfaction declines rapidly and the lowest absolute levels oflife satisfaction are recorded for the oldest old.
Abstract: This analysis uses data from the German Socio-Economic Panel (GSOEP) and the Survey on Health, Ageing and Retirement in Europe (SHARE) to assess the effect of ageing and health on the life satisfaction of the oldest old (defined as 75 and older). We observe a U-shaped relationship between age and levels of life satisfaction for individuals aged between 16 and approximately 65. Thereafter, life satisfaction declines rapidly and the lowest absolute levels of life satisfaction are recorded for the oldest old. This decline is primarily attributable to low levels of perceived health. Once cohort effects are also controlled for, life satisfaction remains relatively constant across the lifespan.

208 citations

BookDOI
TL;DR: In this article, the authors assess the importance of technological factors that characterize different industries in explaining cross-country differences in job flows and show that industry effects play an important role in shaping job flows at the aggregate level.
Abstract: This paper reviews the process of job creation and destruction across a sample of 16 industrial and emerging economies over the past decade. It exploits a harmonized firm-level data set drawn from business registers and enterprise census data. The paper assesses the importance of technological factors that characterize different industries in explaining cross-country differences in job flows. It shows that industry effects play an important role in shaping job flows at the aggregate level. Even more importantly, differences in the size composition of firms-within each industry-explain a large fraction of the overall variability in job creation and destruction. However, even after controlling for industry/technology and size factors there remain significant differences in job flows across countries that could reflect differences in business environment conditions. The authors look at one factor shaping the business environment, namely, regulations on hiring and firing of workers. To minimize possible endogeneity and omitted variable problems associated with cross-country regressions, we use a difference-in-difference approach. The empirical results suggest that stringent hiring and firing costs reduce job turnover, especially in those industries that require more frequent labor adjustment. Regulations also distort the patterns of industry/size flows. Within each industry, medium and large firms are more severely affected by stringent labor regulations, while small firms are less affected, probably because they are partially exempted from such regulations or can more easily circumvent them.

208 citations

Posted Content
TL;DR: This article explored the possibility that immigration policy may affect the labor market assimilation of immigrants and hence natives' sentiments towards immigrants and found that immigrants in countries that receive predominantly refugee migrants are relatively more concerned with immigrations impact on social issues such as crime than on the employment effects.
Abstract: As in the U.S. and Canada, migration is a controversial issue in Europe. This paper explores the possibility that immigration policy may affect the labor market assimilation of immigrants and hence natives’ sentiments towards immigrants. It first reviews the assimilation literature in economics and the policy approaches taken in Europe and among the traditional immigration countries. Second, a new analysis of individual data from the OECD countries studies sentiments concerning immigration and the determinants of these sentiments is presented. Natives in countries that receive predominantly refugee migrants are relatively more concerned with immigrations impact on social issues such as crime than on the employment effects. Natives in countries with mostly economic migrants are relatively more concerned about loosing jobs to immigrants. However, the results also suggest that natives may view immigration more favorably if immigrants are selected according to the needs of the labor markets. Possible benefits of such a policy are that it may moderate social tensions in regards to migration and contribute to a better economic performance of the respective countries.

208 citations

Journal ArticleDOI
TL;DR: The authors argued that fluctuations can affect welfare by affecting the growth rate of consumption, which could imply substantial welfare effects as Lucas (1987) already observed in his calculation, and empirically evidence and calibration exercises suggest that the welfare effects are likely to be substantial.
Abstract: In his famous monograph, Lucas (1987) put forth an argument that the welfare gains from reducing the volatility of aggregate consumption are negligible. Subsequent work that revisited Lucas' calculation continued to find only small benefits from reducing the volatility of consumption, further reinforcing the perception that business cycles don't matter. This paper argues instead that fluctuations can affect welfare by affecting the growth rate of consumption. I present an argument for why fluctuations can reduce growth starting from a given initial consumption, which could imply substantial welfare effects as Lucas (1987) already observed in his calculation. Empirical evidence and calibration exercises suggest that the welfare effects are likely to be substantial, about two orders of magnitude greater than Lucas' original estimates.

207 citations

Posted Content
TL;DR: In this paper, the authors studied the impact of the size and quality of social networks on the probability of finding a job and found that, conditional on being employed, the probability increases and is concave with the size of the network.
Abstract: The aim of this Paper is to study the impact of the size and the quality of social networks on the probability of finding a job. We first develop a theoretical model in which individuals are embedded within a network of social relationships. Workers can obtain information about jobs either directly, or indirectly, via an employed friend belonging to their social network. We show that, conditional on being employed, the probability of finding a job through social networks - relative to other search methods - increases and is concave with the size of the network. There is, however, a critical size of the network above which this probability decreases. We also show that the probability of finding a job through friends and relatives decreases with the local unemployment rate. We test empirically these theoretical findings for Egypt using the 1998 Labor Market Survey. The empirical evidence supports the predictions of our theoretical model.

207 citations


Authors

Showing all 2136 results

NameH-indexPapersCitations
Michael Marmot1931147170338
James J. Heckman175766156816
Anders Björklund16576984268
Jean Tirole134439103279
Ernst Fehr131486108454
Matthew Jones125116196909
Alan B. Krueger11740275442
Eric A. Hanushek10944959705
David Card10743355797
M. Hashem Pesaran10236188826
Richard B. Freeman10086046932
Richard Blundell9348761730
John Haltiwanger9139338803
John A. List9158336962
Joshua D. Angrist8930459505
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
202332
202283
2021146
2020259
2019191
2018229