Related papers: Beveridgean Unemployment Gap
We investigate the statistical entropy of black holes within the framework of the generalized uncertainty principle (GUP) by employing effective metrics that incorporate leading-order and all-orders quantum gravitational corrections. We…
Loss functions are widely used to compare several competing forecasts. However, forecast comparisons are often based on mismeasured proxy variables for the true target. We introduce the concept of exact robustness to measurement error for…
We propose two specifications of a real-time mixed-frequency semi-structural time series model for evaluating the output potential, output gap, Phillips curve, and Okun's law for the US. The baseline model uses minimal theory-based…
We study the effects of introducing information inefficiency in a model for a random linear economy with a representative consumer. This is done by considering statistical, instead of classical, economic general equilibria. Employing two…
Structural change consists of industrial diversification towards more productive, knowledge intensive activities. However, changes in the productive structure bear inherent links with job creation and income distribution. In this paper, we…
This paper investigates the relationship between job mobility and earnings growth in the UK labour market, with a focus on gender differences in the returns to switching jobs. Using data from the Annual Survey of Hours and Earnings (ASHE)…
This article is a supplement to my main contribution to the Routledge Handbook of Complexity Economics (2023). On the basis of three recent papers, it presents an unconventional perspective on economic inequality from a statistical physics…
Eradicating extreme poverty and inequality are the key leverage points to achieve the seventeen Sustainable Development goals. Yet, the reduction in extreme poverty and inequality are vulnerable to shocks such as the pandemic and climate…
This study analyzes the validity of jobless growth in Turkiye on sectoral basis. It analyzes the impacts of agriculture, industry, construction and services sectors on unemployment using annual data for the period 2000-2022. ARDL method is…
The implementation of a supervision and incentive process for identical workers may lead to wage variance that stems from employer and employee optimization. The harder it is to assess the nature of the labor output, the more important such…
The size distributions of power outages are shown to depend on the stress, or the proximity of the load of an electrical grid to complete breakdown. Using the data for the U.S. between 2002-2017, we show that the outage statistics are…
We calculate measures of economic complexity for US metropolitan areas for the years 2007-2015 based on industry employment data. We show that the concept of economic complexity translates well from the cross-country to the regional…
This paper analyzes whether a minimum wage should be used for redistribution on top of taxes and transfers. I characterize optimal redistribution for a government with three policy instruments -- labor income taxes and transfers, corporate…
Growth rate of real GDP per capita, GDPpc, is represented as a sum of two components, a monotonically decreasing economic trend and fluctuations related to population change. The economic trend is modelled by an inverse function of GDPpc…
We develop a labor demand model that encompasses pre-match hiring cost arising from tight labor markets. Through the lens of the model, we study the effect of labor market tightness on firms' labor demand by applying novel shift-share…
The United States, much like other countries around the world, faces significant obstacles to achieving a rapid decarbonization of its economy. Crucially, decarbonization disproportionately affects the communities that have been…
While active learning offers potential cost savings, the actual data efficiency---the reduction in amount of labeled data needed to obtain the same error rate---observed in practice is mixed. This paper poses a basic question: when is…
This paper considers how the effect of job displacement varies across different individuals. In particular, our interest centers on features of the distribution of the individual-level effect of job displacement. Identifying features of…
In 2016, a Wisconsin court struck down the state assembly map due to unconstitutional gerrymandering. If this ruling is upheld by the Supreme Court's pending 2018 decision, it will be the fist successful political gerrymandering case in the…
Do labor market policies initiated in periods of loose monetary policy yield different outcomes from those introduced when monetary tightening prevails? Using data from 11 euro-area members up to 2010 -- and extending to 17 countries up to…