Zobrazeno 1 - 9
of 9
pro vyhledávání: '"Cynthia L. Doniger"'
Autor:
Cynthia L. Doniger, Desmond Toohey
Publikováno v:
Finance and Economics Discussion Series. 2022:1-69
The design of US unemployment insurance (UI) policy--which features benefits assigned as a percentage of past wages up to a cap--engenders tests for spillovers from policy variation to workers who are not directly treated. We test for and find a patt
Autor:
Cynthia L. Doniger
Publikováno v:
Finance and Economics Discussion Series. 2021:1-48
I document eight novel facts about wage changes and provide a theoretical frame- work to rationalize them. I then illustrate how this new treatment of data and theoretical framework speak to important secular and cyclical features of the macroeconomy
Autor:
Cynthia L. Doniger
Publikováno v:
Finance and Economics Discussion Series. 2021:1-38
I document six facts about wage changes. First, most pay revisions occur at yearly frequency, but a small proportion occur at idiosyncratic times. Second, idiosyncratic pay changes are larger and more dispersed than year-end pay changes and resemble
Autor:
Cynthia L. Doniger
Publikováno v:
Finance and Economics Discussion Series. 2021:1-48
I document that less educated workers experience higher and more cyclically sensitive job separation rates. Meanwhile, workers with a bachelor's degree or more exhibit pro-cyclical wages while workers without a high school degree exhibit no statistic
Autor:
Benjamin S. Kay, Cynthia L. Doniger
Publikováno v:
Finance and Economics Discussion Series. 2021:1-71
Delay in the provision of Paycheck Protection Program (PPP) loans due to insufficient initial funding under the CARES Act substantially and persistently reduced employment. Delayed loans increased job losses in May and persistently reduced recalls th
Publikováno v:
FEDS Notes. 2019
This note presents an approach to infer the magnitude of changes to the level of the policy target rate--a more commonly used metric of monetary policy actions--that would lead to approximately the same macroeconomic outcomes as induced through chang
Autor:
Cynthia L. Doniger
Publikováno v:
Finance and Economics Discussion Series. 2019
I document a disparity in the cyclicality of the allocative wage-the labor costs considered when deciding to form or dissolve an employment relationship-across levels of educational attainment. Specifically, workers with a bachelors degree or more ex
Publikováno v:
Finance and Economics Discussion Series. 2018
We document that the past three “jobless” recoveries also featured asymmetries in labor force participation and labor compensation, with each falling to new lows during each cycle. We model these asymmetries as resulting from a strategic compleme
Autor:
Cynthia L. Doniger
I study a labor market in which identical workers search on- and off-the-job and heterogeneous firms employ using either posted wages or wage contracts contingent on outside options. Firm level costs for contingent contracts generate a separating equ
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5c329760ad2e9b6992e2c0a559ec6a3d
http://www.federalreserve.gov/econresdata/feds/2015/files/2015023pap.pdf
http://www.federalreserve.gov/econresdata/feds/2015/files/2015023pap.pdf