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Title: Essays on Labor Market Dynamics and the Existence of Political Equilibrium
Resulting in 1 citation.
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Bowlus, Audra Jann |
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Essays on Labor Market Dynamics and the Existence of Political Equilibrium Ph.D. Dissertation, University of Iowa, 1993 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Business Cycles; Job Patterns; Job Tenure; Job Turnover; Mobility, Labor Market; Modeling; Unemployment Rate; Wage Dynamics; Wage Levels The first essay contains an empirical analysis of how job match quality varies over the business cycle. Using NLSY data I examine two match quality indicators: job tenure and starting wages. There are two main findings. First, match quality is adversely affected during recessions. Both tenure and starting wages are negatively related to the national unemployment rate at the start of the job. Thus during recessions individuals take lower paying jobs which dissolve quicker. Second, the labor market internalizes the mismatching though wages. The increased mismatching during recessions is captured by the labor market through lower wages with individuals moving out of jobs as soon as better times and matches arrive. The remaining two essays focus on cyclical and secular trends in aggregate labor market data using a general equilibrium search model and on factors influencing the existence of political equilibrium in growth models with heterogeneous agents. |
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Bibliography Citation
Bowlus, Audra Jann. Essays on Labor Market Dynamics and the Existence of Political Equilibrium. Ph.D. Dissertation, University of Iowa, 1993. |