Pub Date : 2024-10-30DOI: 10.1016/j.labeco.2024.102645
Kenta Fukuda
This study examines how married households respond to negative income shocks resulting from the husband’s job loss, focusing on both monetary insurance channels and changes in the time use of husbands and wives. Using a unique Japanese panel dataset, the empirical analysis shows that the husband’s involuntary job loss leads to significant and persistent declines in his labor earnings. However, the impact on household consumption expenditure is considerably smaller, with only about one-fifth of the income shock transmitted to consumption, suggesting that a substantial amount of monetary insurance is at work. In the short run, unemployment benefits play a crucial role in mitigating the shock, while the wife’s labor supply becomes important in the long run, especially for households where the wife was not employed full-time before the job loss. Additionally, husbands significantly increase their time spent on home production following job loss, and this effect persists for at least three years.
{"title":"Job loss, consumption insurance, and household time allocation","authors":"Kenta Fukuda","doi":"10.1016/j.labeco.2024.102645","DOIUrl":"10.1016/j.labeco.2024.102645","url":null,"abstract":"<div><div>This study examines how married households respond to negative income shocks resulting from the husband’s job loss, focusing on both monetary insurance channels and changes in the time use of husbands and wives. Using a unique Japanese panel dataset, the empirical analysis shows that the husband’s involuntary job loss leads to significant and persistent declines in his labor earnings. However, the impact on household consumption expenditure is considerably smaller, with only about one-fifth of the income shock transmitted to consumption, suggesting that a substantial amount of monetary insurance is at work. In the short run, unemployment benefits play a crucial role in mitigating the shock, while the wife’s labor supply becomes important in the long run, especially for households where the wife was not employed full-time before the job loss. Additionally, husbands significantly increase their time spent on home production following job loss, and this effect persists for at least three years.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102645"},"PeriodicalIF":2.2,"publicationDate":"2024-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142578626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-30DOI: 10.1016/j.labeco.2024.102644
Deborah A. Cobb-Clark , Sarah C. Dahmann , Anne C. Gielen
We use a quasi-experimental design and national administrative data to analyze the intergenerational effects of introducing non-search activity requirements for long-term unemployment benefit recipients aged 18–34. The young-adult children of these recipients were in early adolescence when the requirements were introduced. Using a regression discontinuity approach, we find that young adults, particularly men, whose fathers were subject to the requirements have a lower incidence of unemployment benefit receipt compared to those whose fathers were not. More detailed investigation suggests completion of the mandated activities, role modeling, changes in attitudes, improved health, and greater support and stability as potential channels.
{"title":"The intergenerational effects of requiring unemployment benefit recipients to engage in non-search activities","authors":"Deborah A. Cobb-Clark , Sarah C. Dahmann , Anne C. Gielen","doi":"10.1016/j.labeco.2024.102644","DOIUrl":"10.1016/j.labeco.2024.102644","url":null,"abstract":"<div><div>We use a quasi-experimental design and national administrative data to analyze the intergenerational effects of introducing non-search activity requirements for long-term unemployment benefit recipients aged 18–34. The young-adult children of these recipients were in early adolescence when the requirements were introduced. Using a regression discontinuity approach, we find that young adults, particularly men, whose fathers were subject to the requirements have a lower incidence of unemployment benefit receipt compared to those whose fathers were not. More detailed investigation suggests completion of the mandated activities, role modeling, changes in attitudes, improved health, and greater support and stability as potential channels.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102644"},"PeriodicalIF":2.2,"publicationDate":"2024-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-26DOI: 10.1016/j.labeco.2024.102643
Liwen Chen , Guanghua Wang
This paper studies whether and how conscientiousness, a personality trait, helps individuals mitigate the adverse effects of graduating during a recession on early career outcomes. By analyzing college-educated individuals who graduated in the 1980s, we find that conscientiousness reduces the income losses of workers who graduated during a recession. This effect results mainly from workers’ adjustments in the labor supply. When graduating during a recession, college graduates high in conscientiousness are more likely to find full-time jobs and work more hours per week than their counterparts low in conscientiousness. Regarding the other four Big Five personality traits, while agreeableness has a modest effect on mitigating the effects of adverse labor market entry conditions on hourly wages, extraversion, openness to experience, and emotional stability do not appear to buffer against such early career losses. Additionally, cognitive ability does not offset the challenges posed by graduating during a recession.
{"title":"Good personality traits in bad times: Does conscientiousness mitigate the adverse effects of graduating in a recession?","authors":"Liwen Chen , Guanghua Wang","doi":"10.1016/j.labeco.2024.102643","DOIUrl":"10.1016/j.labeco.2024.102643","url":null,"abstract":"<div><div>This paper studies whether and how conscientiousness, a personality trait, helps individuals mitigate the adverse effects of graduating during a recession on early career outcomes. By analyzing college-educated individuals who graduated in the 1980s, we find that conscientiousness reduces the income losses of workers who graduated during a recession. This effect results mainly from workers’ adjustments in the labor supply. When graduating during a recession, college graduates high in conscientiousness are more likely to find full-time jobs and work more hours per week than their counterparts low in conscientiousness. Regarding the other four Big Five personality traits, while agreeableness has a modest effect on mitigating the effects of adverse labor market entry conditions on hourly wages, extraversion, openness to experience, and emotional stability do not appear to buffer against such early career losses. Additionally, cognitive ability does not offset the challenges posed by graduating during a recession.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102643"},"PeriodicalIF":2.2,"publicationDate":"2024-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142572500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-19DOI: 10.1016/j.labeco.2024.102638
Stéphane Bonhomme , Angela Denis
A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving between firms, patients migrating from one city to another, and banks offering loans to different firms. We present a unified framework for these settings, based on a linear model with normal random coefficients and normal errors. Using the model, we discuss how to recover the mean and dispersion of effects, other features of their distribution, and to construct predictors of the effects. We provide moment conditions on the model’s parameters, and outline various estimation strategies. A main objective of the paper is to clarify some of the underlying assumptions by highlighting their economic content, and to discuss and inform some of the key practical choices.
{"title":"Estimating heterogeneous effects: Applications to labor economics","authors":"Stéphane Bonhomme , Angela Denis","doi":"10.1016/j.labeco.2024.102638","DOIUrl":"10.1016/j.labeco.2024.102638","url":null,"abstract":"<div><div>A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving between firms, patients migrating from one city to another, and banks offering loans to different firms. We present a unified framework for these settings, based on a linear model with normal random coefficients and normal errors. Using the model, we discuss how to recover the mean and dispersion of effects, other features of their distribution, and to construct predictors of the effects. We provide moment conditions on the model’s parameters, and outline various estimation strategies. A main objective of the paper is to clarify some of the underlying assumptions by highlighting their economic content, and to discuss and inform some of the key practical choices.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102638"},"PeriodicalIF":2.2,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142530575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Izumi et al. (2023) document the existence of CEO gender homophily in firm-to-firm transactions, where CEOs of the same gender are more likely to trade more than those of the opposite gender, putting female CEOs at a disadvantage in a male-dominated business landscape. In this paper, we examine whether informal networking tools, in particular playing golf as a hobby, mitigate this disadvantage for female CEOs. Using a unique dataset that includes both CEO hobbies and detailed inter-firm networks, we show that playing golf does not benefit female CEOs in finding male business partners, while for male CEOs playing golf is associated with a higher share of trading with male CEOs. This result suggests that women’s participation in traditionally male-dominated socializing activities does not necessarily help them gain access to male business networks.
Izumi 等人(2023 年)记录了公司与公司交易中 CEO 性别同质性的存在,即同性别的 CEO 比异性别的 CEO 更有可能进行更多的交易,从而使女性 CEO 在男性主导的商业环境中处于不利地位。在本文中,我们研究了非正式网络工具,尤其是作为业余爱好的高尔夫运动,是否能缓解女性首席执行官的这种劣势。我们使用了一个独特的数据集,其中包括首席执行官的爱好和详细的企业间网络,结果表明,打高尔夫球并不能帮助女性首席执行官找到男性商业伙伴,而对于男性首席执行官来说,打高尔夫球则与更高的男性首席执行官交易份额相关。这一结果表明,女性参与传统上由男性主导的社交活动并不一定有助于她们进入男性商业网络。
{"title":"Golfing CEOs","authors":"Yutaro Izumi , Hitoshi Shigeoka , Masayuki Yagasaki","doi":"10.1016/j.labeco.2024.102639","DOIUrl":"10.1016/j.labeco.2024.102639","url":null,"abstract":"<div><div>Izumi et al. (2023) document the existence of CEO gender homophily in firm-to-firm transactions, where CEOs of the same gender are more likely to trade more than those of the opposite gender, putting female CEOs at a disadvantage in a male-dominated business landscape. In this paper, we examine whether informal networking tools, in particular playing golf as a hobby, mitigate this disadvantage for female CEOs. Using a unique dataset that includes both CEO hobbies and detailed inter-firm networks, we show that playing golf does not benefit female CEOs in finding male business partners, while for male CEOs playing golf is associated with a higher share of trading with male CEOs. This result suggests that women’s participation in traditionally male-dominated socializing activities does not necessarily help them gain access to male business networks.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102639"},"PeriodicalIF":2.2,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142530576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-18DOI: 10.1016/j.labeco.2024.102641
Takiko Igarashi, Sandy Maulana, Daniel Suryadarma
The Philippines is an ethnolinguistically diverse country with 180 languages spoken. In 2012, the government massively expanded the language of instruction (LoI) options, a shift from a bilingual Filipino-English education to mother tongue-based education using 19 languages targeting students in kindergarten to grade 3. The policy intended to create a closer link between the school instructional language and students’ mother tongue in the early stage of formal schooling, which would improve foundational skills and increase the students’ ability to acquire proficiency in additional languages. We use nationally representative data to evaluate the policy's impact on foundational reading and mathematics skills, exploiting a variation between student cohorts and the variation in the instructional languages before and after the policy. We find that the policy reduced the mean linguistic distance between children's mother tongue and school LoI by between 43 % to 76 %. However, we find a statistically significant and negative effect on foundational reading skills when tested in Filipino or English. The magnitude is not negligible given the Philippines’ flat learning profiles. We find the policy also negatively impacted the foundational mathematics skills of the first cohort fully exposed to the policy. Our findings imply that governments need to reconsider the mother tongue-based education policy as a tool to improve foundational skills in a diverse society.
{"title":"Mother tongue-based education in a diverse society and the acquisition of foundational skills: Evidence from the Philippines","authors":"Takiko Igarashi, Sandy Maulana, Daniel Suryadarma","doi":"10.1016/j.labeco.2024.102641","DOIUrl":"10.1016/j.labeco.2024.102641","url":null,"abstract":"<div><div>The Philippines is an ethnolinguistically diverse country with 180 languages spoken. In 2012, the government massively expanded the language of instruction (LoI) options, a shift from a bilingual Filipino-English education to mother tongue-based education using 19 languages targeting students in kindergarten to grade 3. The policy intended to create a closer link between the school instructional language and students’ mother tongue in the early stage of formal schooling, which would improve foundational skills and increase the students’ ability to acquire proficiency in additional languages. We use nationally representative data to evaluate the policy's impact on foundational reading and mathematics skills, exploiting a variation between student cohorts and the variation in the instructional languages before and after the policy. We find that the policy reduced the mean linguistic distance between children's mother tongue and school LoI by between 43 % to 76 %. However, we find a statistically significant and negative effect on foundational reading skills when tested in Filipino or English. The magnitude is not negligible given the Philippines’ flat learning profiles. We find the policy also negatively impacted the foundational mathematics skills of the first cohort fully exposed to the policy. Our findings imply that governments need to reconsider the mother tongue-based education policy as a tool to improve foundational skills in a diverse society.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102641"},"PeriodicalIF":2.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142587272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-18DOI: 10.1016/j.labeco.2024.102642
Melanie Jones
Using data from the UK Quarterly Labour Force Survey we provide the first evidence on variation in the disability pay gap between the public and private sector. Decomposing the disability pay gap at the mean we find evidence of a sizable unexplained pay gap in both sectors, but this is narrower in the public relative to the private sector, consistent with greater pay equality in the public sector. The unexplained disability pay gap increases across the pay distribution particularly in the private sector, suggesting a ‘glass ceiling’. As such, our evidence suggests the public sector provides relative protection for disabled employees, especially at the top end of the wage distribution. This appears to be driven by the influence for females.
{"title":"The disability pay gap in the UK: What is the role of the public sector?","authors":"Melanie Jones","doi":"10.1016/j.labeco.2024.102642","DOIUrl":"10.1016/j.labeco.2024.102642","url":null,"abstract":"<div><div>Using data from the UK Quarterly Labour Force Survey we provide the first evidence on variation in the disability pay gap between the public and private sector. Decomposing the disability pay gap at the mean we find evidence of a sizable unexplained pay gap in both sectors, but this is narrower in the public relative to the private sector, consistent with greater pay equality in the public sector. The unexplained disability pay gap increases across the pay distribution particularly in the private sector, suggesting a ‘glass ceiling’. As such, our evidence suggests the public sector provides relative protection for disabled employees, especially at the top end of the wage distribution. This appears to be driven by the influence for females.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102642"},"PeriodicalIF":2.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142552015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-18DOI: 10.1016/j.labeco.2024.102640
Sven A. Hartmann
This paper examines the causal effects of television exposure on individual decisions regarding marriage, divorce, and family planning by utilizing a natural experiment in the German Democratic Republic during the period of German division. I exploit the fact that individuals in some East German areas could not receive Western television due to their place of residence before reunification in 1990. By analyzing survey data from the German Socio-Economic Panel, my results reveal that exposure to Western TV significantly reduced the likelihood of marriage and childbirth while increasing the probability of divorce among East Germans. Analyzing administrative data at the county level supports these findings. In addition, survey data from the late 1980s indicates that the observed effects are primarily due to changes in attitudes towards relationships and family life, particularly among women.
{"title":"Television and family demography: Evidence from a natural experiment in East Germany","authors":"Sven A. Hartmann","doi":"10.1016/j.labeco.2024.102640","DOIUrl":"10.1016/j.labeco.2024.102640","url":null,"abstract":"<div><div>This paper examines the causal effects of television exposure on individual decisions regarding marriage, divorce, and family planning by utilizing a natural experiment in the German Democratic Republic during the period of German division. I exploit the fact that individuals in some East German areas could not receive Western television due to their place of residence before reunification in 1990. By analyzing survey data from the German Socio-Economic Panel, my results reveal that exposure to Western TV significantly reduced the likelihood of marriage and childbirth while increasing the probability of divorce among East Germans. Analyzing administrative data at the county level supports these findings. In addition, survey data from the late 1980s indicates that the observed effects are primarily due to changes in attitudes towards relationships and family life, particularly among women.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102640"},"PeriodicalIF":2.2,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142551872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-11DOI: 10.1016/j.labeco.2024.102636
Mindy Marks , Silvia Prina , Redina Tahaj
We study the effect of the timing of SNAP payments on weekly labor supply using data from the CPS. We rely on exogenous variation in the fielding of CPS interviews relative to benefit receipt to estimate labor supply of SNAP eligible individuals at the end of their SNAP benefit cycle (i.e. about to receive benefits) compared to individuals at the start of their cycle (i.e. just received benefits). We find that the timing of SNAP benefits impacts labor supply at the intensive margin, while the extensive margin is unaffected. Conditional on being employed, eligible individuals at the end of their SNAP cycle are more likely to be absent from work compared to individuals at the start of their SNAP cycle. They are also less likely to temporarily shift to full time work. Results are more pronounced for individuals with higher predicted benefit amounts. Our findings suggest that a worsening of individuals’ status (e.g. health problems, child care issues) at the end of their SNAP cycle adversely impacts short-term work presence.
{"title":"Short-term labor supply response to the timing of transfer payments: Evidence from the SNAP program","authors":"Mindy Marks , Silvia Prina , Redina Tahaj","doi":"10.1016/j.labeco.2024.102636","DOIUrl":"10.1016/j.labeco.2024.102636","url":null,"abstract":"<div><div>We study the effect of the timing of SNAP payments on weekly labor supply using data from the CPS. We rely on exogenous variation in the fielding of CPS interviews relative to benefit receipt to estimate labor supply of SNAP eligible individuals at the end of their SNAP benefit cycle (i.e. about to receive benefits) compared to individuals at the start of their cycle (i.e. just received benefits). We find that the timing of SNAP benefits impacts labor supply at the intensive margin, while the extensive margin is unaffected. Conditional on being employed, eligible individuals at the end of their SNAP cycle are more likely to be absent from work compared to individuals at the start of their SNAP cycle. They are also less likely to temporarily shift to full time work. Results are more pronounced for individuals with higher predicted benefit amounts. Our findings suggest that a worsening of individuals’ status (e.g. health problems, child care issues) at the end of their SNAP cycle adversely impacts short-term work presence.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102636"},"PeriodicalIF":2.2,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142441461","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-10DOI: 10.1016/j.labeco.2024.102637
Vera Brenčič
We use data on the flow of new vacancies and hires in Slovenia to document three findings. First, labour markets are highly concentrated when we use the Herfindahl-Hirschman index (HHI) to measure the distribution of either vacancies or hires across employers in markets defined by required occupation, the statistical region of employers’ headquarters, and the year of either vacancy registration or hiring. Second, employers offer less attractive job offers (in terms of offered wages and offered length of employment) and change the set of required skills (by favoring leadership, manual dexterity, and fitness) in markets with a more concentrated labour demand. Third, employers are equally likely to fill their vacancies, require a similar amount of time to fill them, and are less likely to fill vacancies with workers whose education is below the required education in markets with a more concentrated labour demand. These patterns are consistent with a labour market in which a more concentrated labour demand restricts job searchers’ job options, strengthens employers’ bargaining leverage, and results in job vacancies with less attractive job amenities yet an expanded list of required skills.
{"title":"Distribution of vacancies and new hires across employers: Implications for job offers, skill requirements, and employers’ search outcomes","authors":"Vera Brenčič","doi":"10.1016/j.labeco.2024.102637","DOIUrl":"10.1016/j.labeco.2024.102637","url":null,"abstract":"<div><div>We use data on the flow of new vacancies and hires in Slovenia to document three findings. First, labour markets are highly concentrated when we use the Herfindahl-Hirschman index (HHI) to measure the distribution of either vacancies or hires across employers in markets defined by required occupation, the statistical region of employers’ headquarters, and the year of either vacancy registration or hiring. Second, employers offer less attractive job offers (in terms of offered wages and offered length of employment) and change the set of required skills (by favoring leadership, manual dexterity, and fitness) in markets with a more concentrated labour demand. Third, employers are equally likely to fill their vacancies, require a similar amount of time to fill them, and are less likely to fill vacancies with workers whose education is below the required education in markets with a more concentrated labour demand. These patterns are consistent with a labour market in which a more concentrated labour demand restricts job searchers’ job options, strengthens employers’ bargaining leverage, and results in job vacancies with less attractive job amenities yet an expanded list of required skills.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"91 ","pages":"Article 102637"},"PeriodicalIF":2.2,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142445041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}