Household Search and the Aggregate Labor Market

Mankart, Jochen; Oikonomou, Rigas

doi:10.2139/ssrn.2656998

Cited by 12 publications

(12 citation statements)

References 95 publications

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“…Using a structural model of life cycle decisions, Blundell, Pistaferri, and Saporta-Eksten (2016) similarly find strong evidence in favor of insurance within the family. Using CPS data, Mankart and Oikonomou (2015) document a substantial response of female labor force participation to spousal unemployment, where the response is more drawn out over time compared to early tests of the added worker effect. Moreover, Shore (2010) provides evidence that intra-household risk sharing is particularly strong within recessions.…”

mentioning

confidence: 97%

Families in Macroeconomics

Doepke

Tertilt

2016

Handbook of Macroeconomics

110

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confidence: 97%

Families in Macroeconomics

Doepke

Tertilt

2016

Handbook of Macroeconomics

110

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“…See also Mankart and Oikonomou (2015) for a novel theoretical discussion and its role at the aggregate level.…”

Section: (Hp) Filter and The Unobserved Components Model (Ucm)mentioning

confidence: 99%

Gender and the business cycle: An analysis of labour markets in the US and UK

Razzu

Singleton

2016

Journal of Macroeconomics

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Starting from an improved understanding of the relationship between gender labour market stocks and the business cycle, we analyse the contributing role of flows in the US and UK. Focusing on the post 2008 recession period, the subsequent greater rise in male unemployment can mostly be explained by a less cyclical response of flows between employment and unemployment for women, especially the entry into unemployment. Across gender and country, the inactivity rate is generally not sensitive to the state of the economy. However, a flows based analysis reveals a greater importance of the participation margin over the cycle. Changes in the rates of flow between unemployment and inactivity can each account for around 0.8-1.1 percentage points of the rise in US male and female unemployment rates during the latest downturn. For the UK, although the participation flow to unemployment similarly contributed to the increase of the female unemployment rate, this was not the case for men. The countercyclical flow rate from inactivity to employment was also more significant for women, especially in the US, where it accounted for approximately all of the fall in employment, compared with only 40% for men.

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“…Thus, the hidden labor market transitions of the different members in a family may explain some puzzles in the relationship between economic activity and labor market outcomes, which challenge policy-makers and researchers. Mankart and Oikonomou (2016) show that this is also a persistent puzzle in data from the United States since the aggregate employment is procyclical, but the labor force participation is not correlated with economic activity. Figure 10 complements the analysis above, presenting the evolution of the individual labor income, in real terms, for the period 2004 to 2014 and the employed household members.…”

Section: Discussionmentioning

confidence: 89%

“…In Brazil, for example, a lower aggregate unemployment rate, as seen in recent years through 2014, may be the result of a reduction in job search among youth that exceeds the increased job search among parents. Mankart and Oikonomou (2016) show that this is a persistent puzzle in data from the United States since the aggregate employment is procyclical, but the labor force participation is not correlated with economic activity.…”

Section: List Of Tablesmentioning

confidence: 87%

“…In this context, Guner, Kulinova, and Esteban (2015) study transitions of husbands and wives in the labor market, between 1976 and 2013 in the United States, and conclude that the labor market transition of household members are critical to understanding trends in aggregate employment and cyclical movements in unemployment. Mankart and Oikonomou (2016) also analyze transitions of primary earners in families and develop a theoretical household job search model to explain the cyclical properties of aggregate employment and participation, and they find that primary earners are always in the labor force, but secondary earners have a countercyclical participation rate and a procyclical employment rate.…”

Section: List Of Tablesmentioning

confidence: 99%

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Income shocks, household job search and labor supply

Gonçalves¹

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Primeiramente, faço um agradecimento especial aos meus orientadores professor Naercio Menezes Filho e professora Renata Narita, responsáveis por tornar o desenvolvimento dessa tese uma etapa bastante agradável e proveitosa, de grande aprendizado e aquisição de conhecimentos. Sou grata por toda a dedicação e preocupação com os artigos que realizamos em conjunto, mas também pela amizade, confiança, apoio, conselhos durante todo o período do doutorado, e por tornarem possível o meu estágio sanduíche. Agradeço aos meus pais Cleia e José Manoel pelo carinho, apoio, dedicação e paciência durante toda a minha trajetória acadêmica, e pelo imenso valor que sempre deram aos meus estudos, mesmo diante de grandes dificuldades ao longo desse processo. Também gostaria de agradecer ao Thiago, um grande amigo e companheiro, que esteve ao meu lado em todos os momentos ao longo do mestrado e doutorado, e cujo carinho, dedicação e apoio foram fatores determinantes para a conclusão desta etapa de formação. Também quero agradecer aos meus irmãos Caroline, Ailton e Adilson e a minha sobrinha Manuela, por todo o afeto e apoio nesse período. Sou grata aos professores e funcionários da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo (FEA-USP). Em especial, agradeço ao coordenador do programa de pós-graduação em Economia, professor Márcio Issao Nakane, por todo o apoio e atenção dispensada, desde o início do doutorado; ao professor André Chagas, pela amizade e pela parceria em trabalhos acadêmicos; aos professores Hélio

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Household Search and the Aggregate Labor Market

Cited by 12 publications

References 95 publications

Families in Macroeconomics

Families in Macroeconomics

Gender and the business cycle: An analysis of labour markets in the US and UK

Income shocks, household job search and labor supply

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