Thesis advisor: Theodore Papageorgiou / Thesis advisor: Robert Ulbricht / This thesis contains three independent essays on topics in macroeconomics and labor economics. In the first chapter, I investigate the implications of the increasing share of older businesses in the United States economy for labor market outcomes across workers in different age groups. I find that over the period 1994-2019, employment and wages fall by more for younger cohorts, driven by a ``firm competition” channel. Moreover, workers are better sorted, but receive a lower share of the match surplus, on average. In the second chapter, my co-author Div Bhagia and I ask whether broad sectoral shifts in labor demand account for the divergence of employment outcomes between Black and White men after 1970. We find that they explain no more than one-fifth of the increase in the employment-to-population ratio gap, and that the widening of this gap is primarily driven by differential responses to labor demand shocks across groups. In the third chapter, I quantify the roles of increases in job separations and decreases in job finding in recessionary increases in unemployment. I find that while job separations lead job finding, both margins contribute significantly to unemployment fluctuations. I conclude that future research should not ignore the interaction between unemployment inflows and unemployment outflows in explaining the cyclical behavior of the labor market. / Thesis (PhD) — Boston College, 2023. / Submitted to: Boston College. Graduate School of Arts and Sciences. / Discipline: Economics.
| Identifer | oai:union.ndltd.org:BOSTON/oai:dlib.bc.edu:bc-ir_109644 |
| Date | January 2023 |
| Creators | Bryson, William Carter |
| Publisher | Boston College |
| Source Sets | Boston College |
| Language | English |
| Detected Language | English |
| Type | Text, thesis |
| Format | electronic, application/pdf |
| Rights | Copyright is held by the author, with all rights reserved, unless otherwise noted. |
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