Key features of youth that determine behavior in the labor market

Labor Market Effects of Pensions and Implications for Teachers

Education Finance and Policy ◽

10.1162/edfp_a_00011 ◽

2010 ◽

Vol 5 (4) ◽

pp. 463-491 ◽

Cited By ~ 11

Author(s):

Leora Friedberg ◽

Sarah Turner

Keyword(s):

Labor Market ◽

Pension Plans ◽

Defined Benefit ◽

Fixed Income ◽

Teacher Labor Market ◽

Market Effects ◽

Retirement Security ◽

Retirement Timing ◽

Key Features ◽

K 12

While the retirement security landscape has changed drastically for most workers over the last twenty years, traditional defined benefit (DB) pension plans remain the overwhelming norm for K–12 teachers. Because DB plans pay off fully with a fixed income after retirement only if a teacher stays in the profession for decades and yield little or nothing if a teacher leaves early, DB plans induce a strong, nonlinear relationship between years of tenure and benefit accrual. One implication is that as many current teachers approach eligibility for full pensions, there are strong incentives for retirement and associated consequences in the teacher labor market. In this article, we assess the key features of DB plans, discuss the general incentive effects, and consider the application to the particular case of teachers. This work highlights the importance of assessing the characteristics of teachers who respond most to the retirement timing incentives.

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What happened to temps? Changes since the Great Recession

Monthly Labor Review ◽

10.21916/mlr.2021.1 ◽

2021 ◽

Author(s):

Amar Mann ◽

Tian Luo ◽

Richard Holden

Keyword(s):

Labor Market ◽

Great Recession ◽

Economic Changes ◽

The Great Recession ◽

Industrial Utilization ◽

Employment Trends ◽

Key Features ◽

Temporary Help ◽

The U.S

The temporary help services (THS) industry has grown in absolute and relative terms since 1990, and also since the Great Recession, from 2008–18, the period covered in this article. The THS employment levels have fluctuated in advance of broader economic changes, providing a method for employers to scale employment up and down to meet changing conditions. As the economy has changed, so too has the deployment of THS employees. Trends in the THS industry follow overall employment trends and also shine a light on changes in the regional, occupational, and industrial utilization of THS employees. These trends in THS employment underscore the key features of the labor market that underlie the overall employment trends. THS employment is, in many ways, a barometer for the employment changes in the U.S. economy.

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Gross Worker Flows over the Business Cycle

The American Economic Review ◽

10.1257/aer.20121662 ◽

2017 ◽

Vol 107 (11) ◽

pp. 3447-3476 ◽

Cited By ~ 27

Author(s):

Per Krusell ◽

Toshihiko Mukoyama ◽

Richard Rogerson ◽

Ayşegül Şahin

Keyword(s):

Labor Market ◽

Business Cycle ◽

Labor Supply ◽

Hybrid Model ◽

Participation Rate ◽

Worker Flows ◽

Key Features ◽

The Business Cycle ◽

Parsimonious Model ◽

Over Time

We build a hybrid model of the aggregate labor market that features both standard labor supply forces and frictions in order to study the cyclical properties of gross worker flows across the three labor market states: employment, unemployment, and nonparticipation. Our parsimonious model is able to capture the key features of the cyclical movements in gross worker flows. Despite the fact that the wage per efficiency unit is constant over time, intertemporal substitution plays an important role in shaping fluctuations in the participation rate. (JEL E24, E32, J22, J31, J64, J65)

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