Feb 2021
Author(s): Carlsson, Mikael;Messina, Julián;Skans, Oskar Nordström
Permanent demand shocks are the main driver of labor adjustments. A one standard deviation demand shock increases the net employment rate by 6 percentage points in the long run, while a technology…
Feb 2021
Author(s): Carlsson, Mikael;Messina, Julián;Skans, Oskar Nordström
Los shocks permanentes de la demanda son el principal motor de los ajustes laborales. Un shock de la demanda de una desviación estándar aumenta la tasa neta de empleo en 6 puntos porcentuales a largo…