Job Market Monitor
Academic Literature
Remote Work in Germany – Workers in jobs conducive to remote work have begun living farther from their workplaces
A new IZA discussion paper by IAB researchers Sena Coskun, Wolfgang Dauth, Hermann Gartner, Michael Stops and Enzo Weber examines how the rise of remote work during the COVID-19 pandemic is impacting career choices and where people live. The authors analyze large datasets on employment history in Germany alongside a new indicator for remote work … Continue reading
Public Industrial Investment on Local Development – Government-funded plant construction during WWII generated large lifelong benefits for children growing up nearby
This paper studies the long-run effects of government-led construction of manufacturing plants on the regions where they were built and on individuals from those regions. Specifically, we examine publicly financed plants built in dispersed locations outside of major urban centers for security reasons during the United States’ industrial mobilization for World War II. Our results … Continue reading
Work Organization and High-Paying Jobs – Yes, work organization robustly predicts earnings
High-paying factory jobs in the 1940s were an engine of egalitarian economic growth for a generation. Are there alternate forms of work organization that deliver similar benefits for frontline workers? Work organization varies by type of complexity and degree of employer control. Technical and tacit knowledge tasks receive higher pay for signaling or developing human … Continue reading
Outsourcing Employment Services in OECD – Can stimulate providers to offer better services
Two out of five OECD countries contract out some of the job brokerage and counselling functions of publicly financed employment services using outcome-based payment models. This paper examines several important aspects related to the design and implementation of such outsourcing. First, innovative payment models can improve incentives for external providers to offer training and more … Continue reading
Long-Term Unemployment – Innovative approaches to tackle it
Innovative approaches to tackle long-term unemploymentLong-term unemployment remains a structural challenge for most OECD countries. Despite major efforts to address this issue, the efficiency and effectiveness of many existing active labour market policies are limited for jobseekers who face major vulnerabilities and have no ties to the labour market. Therefore, there is a need for … Continue reading
Climate Action – Broad majority of global population supports it
A recent study by Peter Andre, Teodora Boneva, Felix Chopra and Armin Falk demonstrates for the first time that a broad majority of the world’s population supports climate action and is willing to incur a personal cost to fight climate change. The findings, published in Nature Climate Change, are based on a globally representative survey … Continue reading
AI – Can it help address skill shortages? (video)
Employers worldwide and across several sectors are reporting difficulties in finding and hiring the employees with the right skills, with losses of productivity and competitiveness. Many employers are now looking at AI to address these skill shortages. This session will engage AI experts, employers, union representatives and technology developers to discuss the extent to which … Continue reading
Job Quality in OECD Countries – An improvement between 1997 and 2015 but both stressful work and hard work increased
The distribution of job quality across workers and the change in job quality over time can be measured by job-domain indices or single-index job-satisfaction. We have analysed the changes in job quality in OECD countries over a twenty-year period, where job quality is measured both via indices of a number of specific job characteristics and … Continue reading
Training in Australian Firms – A new definition of informal training which is comprehensible to employers and workers alike needed
This paper examines the use of informal training for workers, by Australian companies and other organisations. Using survey data, it reports the prevalence of informal training and also the utilisation of different types of informal training. Differences are found by employer size, particularly for the different types. By examining qualitative responses, it is found that … Continue reading
Immigration and inflation in Canada – Boost potential growth but imbalances in the housing sector may be exacerbated says Bank of Canada’s report
Canada has seen a significant increase in immigration flows since 2022. While a well-established literature looks at the effects of immigration on specific economic variables or narrowly defined questions, significant gaps remain in our understanding of the broader macroeconomic impacts of a rise in newcomers.1 Moreover, these effects are likely to vary among countries and … Continue reading
Human Resource Development in SMEs – Review of the Literature
Human Resource Development (HRD) in small and medium-sized enterprises (SMEs) is a significant area of scholarship. However, the cumulativeness of research on HRD in SMEs remains relatively low when compared to HRD generally. This paper reports a systematic literature review (SLR) to synthesise research in this area. A disciplined screening process resulted in a final … Continue reading
Gaps in Men Labor Force Participation across Generations in US – May slow in the future
The labor force participation rate for prime-age men has been declining for decades. About 14% of millennial males at age 25 are not in the labor force, compared with 7% of baby boomer males when they were that age. This generational gap declines substantially as groups approach middle age; the decline reflects that younger millennials … Continue reading
To Be a Teacher in England – The biggest attractors was the long holidays and the chance to give something back to society
This paper presents the results of a large-scale survey of undergraduates in England, concerning their envisaged career choices and how they made them. This gives a more complete account of those who do and do not want to be teachers than usual in the existing literature based primarily on prospective/existing teacher accounts. The paper looks … Continue reading
“Great Resignation” of 2021–2022 – It generated around 0.60 percentage points additional inflation
The Federal Reserve has a dual mandate of fostering price stability and maximum employment. Its main tool in this endeavor is the federal funds rate, which it sets based on inflation and measures of economic slack. Slack measures regarding the labor market tend to focus on the quantity of employment (e.g. the unemployment rate) and … Continue reading
Monetary Policy and Labor Market – Employment response roughly twice as large when supply taken into account
“Policies to support labor supply are not the domain of the Fed: Our tools work principally on demand.” –Federal Reserve Chairman Jerome Powell, November 30, 2022 This paper offers new empirical evidence of a sizeable labor supply response to monetary policy. Using high-frequency identified monetary policy shocks from FOMC announcements and Fed Chair speeches, … Continue reading
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