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Wednesday, May 23, 2012

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Labor Markets After the Great Recession

Friday, December 3 and Saturday, December 4, 2010
Federal Reserve Bank of Philadelphia

Program

Friday, December 3

12 p.m. - 1:30 p.m.

Lunch

Session 1: Structural Unemployment

1:30 p.m. - 2:30 p.m.

“Mismatch in the Labor Market: Evidence from the U.K. and the U.S.”
Aysegul Sahin (New York Fed), Joseph Song (New York Fed), Giorgio Topa (New York Fed), and Gianluca Violante (New York University)

 

Discussant: Bjoern Bruegemann (Yale)

2:30 p.m. - 3:30 p.m.

“The Effects of Unemployment Insurance on Labor Supply and Search Outcomes: Regression Discontinuity Estimates from Germany”
Johannes Schmieder (Boston University), Till von Wachter (Columbia), Stefan Bender (IAB)

 

Discussant: Gary Solon (Michigan State)

3:30 p.m. - 4 p.m.

Break

Session 2: Financial Frictions

4 p.m. - 5 p.m.

“Financial Markets and Fluctuations in Uncertainty” PDF (513 KB, 41 pages)
Christina Arellano (Minnesota), Yan Bai (Arizona State), and Patrick Kehoe (Princeton)

 

Discussant: Rudi Bachmann (Michigan)

5 p.m. - 6 p.m.

“Financial Markets and Employment” PDF (361 KB, 33 pages)
Tommaso Monacelli (Bocconi), Vincenzo Quadrini (USC), Antonella Trigari (Bocconi)

 

Discussant: Wouter den Haan (Amsterdam)

8:30 p.m.

Dinner

Saturday, December 4

8:30 a.m.

Breakfast

Session 3: Business Cycle Behavior

9 a.m. - 10 a.m.

“Business Cycles and Endogenous Uncertainty”
Rudi Bachmann (Michigan) and Giuseppe Moscarini (Yale)

 

Discussant: Veronica Guerrieri (Chicago Booth)

10 a.m. - 11 a.m

“The Changing Nature of Economic Fluctuations” PDF (367 KB, 30 pages)
Julio Garin (Notre Dame), Michael Pries (Notre Dame), Eric Sims (Notre Dame)

 

Discussant: Regis Barnichon (Federal Reserve Board)

11 a.m. - 11:30 a.m.

Break

Session 4: Housing and Migration

11:30 a.m. - 12:30 p.m.

“Home Equity, Mobility, and Macroeconomic Fluctuations” PDF (453 KB, 56 pages)
Vincent Sterk (Amsterdam)

 

Discussant: Peter Rupert (UC Santa Barbara)

12:30 p.m. - 2 p.m.

Lunch

Session 5: Asset Bubbles

2 p.m. - 3 p.m.

“Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency” PDF
(318 KB, 39 pages)
Pierre Cahuc (Ecole Polytechnique), Edouard Challe (Ecole Polytechnique)

 

Discussant: Sanjay Chugh (Maryland)

3 p.m. - 3:30 p.m.

Break

Session 6: Job Creation and Destruction

3:30 p.m. - 4:30 p.m.

“Who Creates Jobs? Small vs. Large vs. Young” PDF (382 KB, 49 pages)
John Haltiwanger (Maryland), Ron Jarmin (Census Bureau), Javier Miranda (Census Bureau)

 

Discussant: Tito Boeri (Bocconi)

4:30 p.m. - 5:30 p.m.

“Job Loss and Unemployment in the 21st Century: The Great Recession in Labor Market Perspective” PDF (724 KB, 37 pages)
Henry Farber (Princeton)

 

Discussant: Michael Burda (Humboldt)

5:30 p.m.

Adjourn; Reception at the Fed

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  • Last update: December 2, 2010