Search Results
Discussion Paper
How Does Credit Access Affect Job-Search Outcomes and Sorting?
Phillips, Gordon; Herkenhoff, Kyle F.
(2020-03-04)
How does access to consumer credit affect the job finding behavior of displaced workers? Are these workers looking for jobs at larger and more productive firms? What is the impact of consumer credit on the amount of time it takes to find a job? In recent work with Ethan Cohen-Cole we explore these questions by building a new data set of individual credit reports (from TransUnion) merged with administrative earnings data. We describe our approach and our results in this post.
Liberty Street Economics
, Paper 20200304d
Discussion Paper
How Do People Find Jobs?
Faberman, R. Jason; Schuh, Rachel; Mueller, Andreas I.; Topa, Giorgio; Sahin, Aysegul
(2017-04-05)
Most people find themselves looking for work at some point in their adult lives. But what brings employers and job seekers together? And does searching for a new job while unemployed lead to different outcomes than searching while employed? Little is known about the job search process for unemployed workers. Even less is known about the search process and outcomes for currently employed workers?so?called ?on?the?job? search. This Liberty Street Economics post aims to shed light on these questions and to draw some conclusions for our understanding of labor market dynamics more generally.
Liberty Street Economics
, Paper 20170405
Discussion Paper
What Have Workers Done with the Time Freed up by Commuting Less?
Dam, David; Melcangi, Davide; Pilossoph, Laura; Toner-Rodgers, Aidan
(2022-10-18)
The COVID-19 pandemic has dramatically changed the way Americans spend their time. One of the most enduring shifts has occurred in the workplace, with millions of employees making the switch to work from home. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements (Barrero, Bloom, and Davis). These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day. In this post, we investigate how people spend ...
Liberty Street Economics
, Paper 20221018
Discussion Paper
Which Workers Bear the Burden of Social Distancing Policies?
http://fedora:8080/fcrepo/rest/objects/authors/; Pilossoph, Laura; Mongey, Simon
(2020-05-29)
In the wake of the coronavirus outbreak, nearly all U.S. states imposed social distancing policies to combat the spread of illness. To the extent that work can be done from home, some workers moved their offices to their abodes. Others, however, are unable to continue working as their usual tasks require a specific location or environment, or involve close proximity to others. Which types of jobs cannot be done from home and which types of jobs require close personal proximity to others? What share of overall U.S. employment falls in these categories? And, given that these jobs will be the ...
Liberty Street Economics
, Paper 20200529b
Journal Article
Crowdedness, Centralized Employment, and Multifamily Home Construction
Rappaport, Jordan
(2017-01)
Economic Review
, Issue Q I
, Pages 41-83
Discussion Paper
How Have Racial and Ethnic Earnings Gaps Changed after COVID-19?
Chatterji-Len, Kasey; García, Daniel I.; Pinkovskiy, Maxim L.; Chakrabarti, Rajashri
(2022-10-20)
Racial and ethnic earnings disparities have been salient features of the U.S. economy for decades. Between the pandemic-driven recession in 2020 and the rising inflation since 2021, workers’ real and nominal earnings have seen rapid change. To get a sense of how recent economic conditions have affected earnings disparities, we examine real and nominal weekly earnings trends for Asian, Black, Hispanic, and white workers. We find that average real weekly earnings have been declining in the past year, but less so for Black and Hispanic workers than for white and Asian workers. Black and ...
Liberty Street Economics
, Paper 20221020a
Report
Wage Insurance for Displaced Workers
Hyman, Benjamin; Kovak, Brian K.; Leive, Adam
(2024-05-01)
Wage insurance provides income support to displaced workers who find reemployment at a lower wage. We analyze wage insurance in the context of the U.S. Trade Adjustment Assistance (TAA) program by merging linked employer-employee Census data to TAA petitions and leveraging a discontinuity in eligibility based on worker age. Wage insurance eligibility increases short-run employment probabilities and leads to higher long-run cumulative earnings. We find shorter non-employment durations largely drive increased long-term earnings among workers eligible for wage insurance. Our results are ...
Staff Reports
, Paper 1105
Report
Measuring the US Employment Situation Using Online Panels: The Yale Labor Survey
Foote, Christopher L.; Hounshell, Tyler; Nordhaus, William D.; Rivers, Douglas; Torola, Pamela
(2021-12-01)
This report presents the results of a rapid, low-cost survey that collects labor market data for individuals in the United States. The Yale Labor Survey (YLS) used an online panel from YouGov to replicate statistics from the Current Population Survey (CPS), the government’s source of household labor market statistics. The YLS’s advantages include its timeliness, low cost, and ability to develop new questions quickly to study labor market patterns during the coronavirus (COVID-19) pandemic. Although YLS estimates of unemployment and participation rates mirrored the broad trends in CPS ...
Current Policy Perspectives
Working Paper
Eviction and Poverty in American Cities
Collinson, Robert; Humphries, John Erik; Mader, Nicholas; Reed, Davin; Tannenbaum, Daniel; van Dijk, Winnie
(2022-12-22)
More than two million U.S. households have an eviction case filed against them each year. Policymakers at the federal, state, and local levels are increasingly pursuing policies to reduce the number of evictions, citing harm to tenants and high public expenditures related to home lessness. We study the consequences of eviction for tenants, using newly linked administrative data from Cook County (which includes Chicago) and New York City. We document that prior to housing court, tenants experience declines in earnings and employment and increases in financial distress and hospital visits. ...
Working Papers
, Paper 21-40
Working Paper
Why is the Hong Kong Housing Market Unaffordable? Some Stylized Facts and Estimations
Leung, Charles Ka Yui; Ng, Joe Cho Yiu; Tang, Edward
(2020-04-14)
The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the relationships between economic fundamentals and the housing market of Hong Kong. While the aggregate GDP, population and longevity continue to grow, the real wage and household income fall behind. The trend component of the real GDP growth suffers a permanent downward shift after the first quarter of ...
Globalization Institute Working Papers
, Paper 380
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