Papers

Work in progress

• • Vacancy Chains (with Axel Gottfries, Ryan Michaels and David Ratner).

  • Wage Adjustment in Efficient Long-Term Employment Relationships  (with Axel Gottfries, Pawel Krolikowski and Gary Solon).

  • Population Growth, Immigration and Labour Market Dynamics (with Jennifer C. Smith and Jonathan Wadsworth). 

  • Spatial Hysteresis (with Michael Amior and  Axel Gottfries).

Publications

• • Firm Dynamics, On-the-Job Search and Labor Market Fluctuations (with Axel Gottfries). Online appendix. Review of Economic Studies, May 2022.

  • The Aggregate Effects of Labor Market Frictions (with Ryan Michaels and David Ratner). Online appendix. Quantitative Economics, July 2019.

  • How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips (with Gary Solon). Journal of Economic Perspectives, Summer 2019.

  • Flow Origins of Labor Force Participation Fluctuations (with Bart Hobijn, Fatih Karahan, Gizem Koşar and Ayşegül Şahin). American Economic Association Papers and Proceedings, May 2019.

  • Fixed Adjustment Costs and Aggregate Fluctuations (with Ryan Michaels). Journal of Monetary Economics, January 2019.

  • Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain (with Donggyun Shin and Gary Solon). Journal of Labor Economics, January 2016.

  • The Beveridge Curve: A Survey (with Ryan Michaels and David Ratner). Journal of Economic Literature, September 2015.

  • On the Importance of the Participation Margin for Labor Market Fluctuations (with Bart Hobijn and Ayşegül Şahin). Journal of Monetary Economics, May 2015.

  • The Decline of the U.S. Labor Share (with Bart Hobijn and Ayşegül Şahin). Brookings Papers on Economic Activity, Fall 2013.

  • Marginal Jobs, Heterogeneous Firms and Unemployment Flows (with Ryan Michaels). American Economic Journal: Macroeconomics, January 2013. Awarded AEJ: Macro Best Paper Prize, 2014.

  • Unemployment Dynamics in the OECD (with Bart Hobijn and Ayşegül Şahin). Review of Economics and Statistics, May 2013.

  • Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle (with Matthew Shapiro). American Economic Review, June 2012.

  • Which Industries are Shifting the Beveridge Curve? (with Regis Barnichon, Bart Hobijn and Ayşegül Şahin). Prepared for the JOLTS Symposium, December 2010, Washington D.C. Monthly Labor Review, June 2012.

  • The Labor Market in the Great Recession: An Update (with Bart Hobijn, Ayşegül Şahin, and Robert G. Valletta). Brookings Papers on Economic Activity, Fall 2011.

  • The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment (with Jennifer C. Smith and Jonathan Wadsworth). Oxford Review of Economic Policy, Summer 2011.

  • The Great Recession in the UK Labour Market: A Transatlantic Perspective (with Jennifer C. Smith). National Institute Economic Review, October 2010.

  • The Labor Market in the Great Recession (with Bart Hobijn and Ayşegül Şahin). Brookings Papers on Economic Activity, Spring 2010. Click here for data and updates.

  • Evaluating the Economic Significance of Downward Nominal Wage Rigidity. Journal of Monetary Economics, March 2009. Supplementary appendix.

  • The Ins and Outs of Cyclical Unemployment (with Ryan Michaels and Gary Solon). American Economic Journal: Macroeconomics, January 2009.

Chapters, comments and discussions

• • How long has this been going on? Long-term unemployment in the UK (with Jennifer C. Smith and Jonathan Wadsworth). In Samuel Bentolila and Marcel Jansen (eds.) Long-Term Unemployment After the Great Recession: Causes and Remedies, VoxEU.org eBook, November 2016.

• • Comment on "What Explains the German Labor Market Miracle in the Great Recession?" by Michael Burda and Jennifer Hunt. Brookings Papers on Economic Activity, Spring 2011. (Link includes original article; comment appears toward the end.)

  • Discussion of "Housing and the Labor Market: Time to Move and Aggregate Unemployment" by Peter Rupert and Etienne Wasmer. Journal of Monetary Economics (Carnegie-Rochester Conference Series), April 2011.