Search Results

SORT BY: PREVIOUS / NEXT
Author:Krolikowski, Pawel 

Journal Article
Assessing Layoffs in Four Midwestern States during the Pandemic Recession

We use WARN data to assess layoffs in four Midwestern states during the current pandemic-induced recession—Kentucky, Ohio, Pennsylvania, and West Virginia. The data come from the advance layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act. We find that the number of workers affected by layoff announcements rose sharply in the second half of March and April, and unexpected changes in economic conditions meant that workers received little advance notice before layoff. Layoff announcements have affected workers across these four states, and workers in mining ...
Economic Commentary , Volume 2020 , Issue 21 , Pages 6

Working Paper
Goods-Market Frictions and International Trade

We present a tractable framework that embeds goods-market frictions in a general equilibrium dynamic model with heterogeneous exporters and identical importers. These frictions arise because it takes time and expense for exporters and importers to meet. We show that search frictions lead to an endogenous fraction of unmatched exporters, alter the gains from trade, endogenize entry costs, and imply that the competitive equilibrium does not generally result in the socially optimal number of searching firms. Finally, ignoring search frictions results in biased estimates of the effect of tariffs ...
Working Papers (Old Series) , Paper 1635

Working Paper
Goods-Market Frictions and International Trade

We add goods-market frictions to a general equilibrium dynamic model with heterogeneous exporting producers and identical importing retailers. Our tractable framework leads to endogenously unmatched producers, which attenuate welfare responses to foreign shocks but increase the trade elasticity relative to a model without search costs. Search frictions are quantitatively important in our calibration, attenuating welfare responses to tariffs by 40 percent and increasing the trade elasticity by 50 percent. Eliminating search costs raises welfare by 1 percent and increasing them by only a few ...
Working Papers , Paper 16-35R2

Working Paper
Goods-Market Frictions and International Trade

We present a tractable framework that embeds goods-market frictions in a general equilibrium dynamic model with heterogeneous exporters and identical importers. These frictions arise because it is time consuming and expensive for exporters and importers to meet. We show that search frictions lead to an endogenous fraction of unmatched exporters, alter the gains from trade, endogenize entry costs, and imply that the competitive equilibrium does not generally result in the socially optimal number of searching firms. Finally, ignoring search frictions results in biased estimates of the effect of ...
International Finance Discussion Papers , Paper 1207

Journal Article
Disability, Immigration, and Postpandemic Labor Supply

We study the large labor force increases since 2020 among disabled workers and among foreign-born workers in the United States. We show that the increase in the disabled labor force largely reflects a change in self-reported disability status among those already in the labor force rather than an actual increase in labor supply. We conjecture that immigration will likely contribute more to labor supply in 2024 than it did before the pandemic, but less than in 2020–2023.
Economic Commentary , Volume 2024 , Issue 05 , Pages 8

Working Paper
Job Heterogeneity and Aggregate Labor Market Fluctuations

This paper disciplines a model with search over match quality using microeconomic evidence on worker mobility patterns and wage dynamics. In addition to capturing these individual data, the model provides an explanation for aggregate labor market patterns. Poor match quality among first jobs implies large fluctuations in unemployment due to a responsive job destruction margin. Endogenous job destruction generates a burst of layoffs at the onset of a recession and, together with on-the-job search, generates a negative comovement between unemployment and vacancies. A significant job ladder, ...
Working Papers , Paper 19-04

Discussion Paper
Goods-Market Frictions and International Trade

The difficulty of locating and building connections with overseas buyers is a prevalent firm-level barrier to exporting. Producers and retailers must spend time and resources to find one another before they can transact.
FEDS Notes , Paper 2020-01-17

Working Paper
Goods-Market Frictions and International Trade

We add goods-market frictions to a general equilibrium dynamic model with heterogeneous exporting producers and identical importing retailers. Our tractable framework leads to endogenously unmatched producers, which attenuate welfare responses to foreign shocks but increase the trade elasticity relative to a model without search costs. Search frictions are quantitatively important in our calibration, attenuating welfare responses to tariffs by 40 percent and increasing the trade elasticity by 50 percent. Eliminating search costs raises welfare by 1 percent and increasing them by only a few ...
Working Papers , Paper 16-35R

Journal Article
Parental Proximity and the Earnings Consequences of Job Loss

We find post-job-loss earnings recovery is faster for young adults who live near their parents than for young adults who live farther away. This positive effect diminishes gradually as the distance to one?s parents increases. Most of the effect is driven by higher wages after job displacement, not by differences in the number of hours worked. The effect is not present for older workers, who may be caring for elderly parents.
Economic Commentary , Issue February

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

E24 9 items

J64 7 items

D83 6 items

F12 5 items

J63 5 items

E27 2 items

show more (18)

FILTER BY Keywords

unemployment 5 items

COVID-19 3 items

Search 3 items

Displacement 2 items

Frictions 2 items

Parents 2 items

show more (67)

PREVIOUS / NEXT