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Discussion Paper
Quantifying Bottlenecks in Manufacturing
Shortages of key components and logistics problems have constrained factory output since the start of the year. Numerous anecdotes and survey measures have highlighted the emergence of supply chain bottlenecks and other supply constraints; to complement those qualitative characterizations, this note proposes a novel methodology to quantify bottlenecks in the manufacturing sector.
Discussion Paper
Does the Ability to Work Remotely Alter Labor Force Attachment? An Analysis of Female Labor Force Participation
At the onset of the COVID-19 pandemic, a large share of the employed switched to remote work. According to the Bureau of Labor Statistics (BLS)'s Current Population Survey (CPS), almost 40 percent of workers were working remotely in May 2020 because of the pandemic (figure 1, purple line), adding to the evidence from other individual- and firm-level surveys.
Discussion Paper
Weekly Hours, Overtime, and Employment of Manufacturing Production Workers: Fluctuations over the Business Cycle
This note analyzes how weekly hours, overtime, and employment of production workers move over the business cycle.
Working Paper
Does Exporting Improve Matching? Evidence from French Employer-Employee Data
Does opening a market to international trade affect the pattern of matching between firms and workers? This paper answers this question both theoretically and empirically in three parts. We set up a model of matching between heterogeneous workers and firms in which variation in the worker type at the firm level exists in equilibrium only because of the presence of search costs. When firms gain access to the foreign market, their revenue potential increases. When stakes are high, matching with the right worker becomes particularly important because deviations from the ideal match quickly ...
Working Paper
In the Driver's Seat: Pandemic Fiscal Stimulus and Light Vehicles
This paper explores the impact of two fiscal programs, the Economic Impact Payments and the Paycheck Protection Program, on vehicle purchases and relates our findings to post-pandemic price pressures. We find that receiving a stimulus check increased the probability of purchasing new vehicles. In addition, the disbursement of funds from the Paycheck Protection Program was associated with a rise in local new car registrations. Our estimates indicate that these two programs account for a boost of 1 3/4 million units -- or 12 percent -- to new car sales in 2020. Furthermore, the induced boost in ...