Details about Michael Elsby

Access statistics for papers by Michael Elsby.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: pel126

Working Papers

2024

1. Population growth, immigration, and labor market dynamics
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
   Also in CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2021)
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2021)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2021)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2021)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2021)
2. Wage Adjustment in Efficient Long-Term Employment Relationships
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Federal Reserve Bank of Cleveland (2023) View citations (1)

2022

3. Vacancy Chains
   Working Papers, Federal Reserve Bank of Philadelphia
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017)
   2016 Meeting Papers, Society for Economic Dynamics (2016)
   Working Papers, Federal Reserve Bank of Philadelphia (2020)

2019

4. How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
   IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (57)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (9)
   See also Journal Article How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips, Journal of Economic Perspectives, American Economic Association (2019) View citations (58) (2019)

2018

5. The Wages of Nonemployment
   2018 Meeting Papers, Society for Economic Dynamics View citations (1)

2017

6. The Aggregate Effects of Labor Market Frictions
   Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
   See also Journal Article The aggregate effects of labor market frictions, Quantitative Economics, Econometric Society (2019) View citations (2) (2019)

2016

7. Labor Market Frictions and Aggregate Employment
   2016 Meeting Papers, Society for Economic Dynamics

2013

8. On the Importance of the Participation Margin for Market Fluctuations
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (26)
9. The Decline of the U.S. Labor Share
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (145)
   See also Journal Article The Decline of the U.S. Labor Share, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2013) View citations (276) (2013)
10. Wage Adjustment in the Great Recession
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

2012

11. Fixed Adjustment Costs and Aggregate Fluctuations
    2012 Meeting Papers, Society for Economic Dynamics
    See also Journal Article Fixed adjustment costs and aggregate fluctuations, Journal of Monetary Economics, Elsevier (2019) View citations (4) (2019)

2011

12. The Labor Market in the Great Recession: An Update
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (45)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (16)
13. The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2011) View citations (48)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2011) View citations (46)
    Economic Research Papers, University of Warwick - Department of Economics (2010) View citations (6)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2011) View citations (47)
    See also Journal Article The role of worker flows in the dynamics and distribution of UK unemployment, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2011) View citations (48) (2011)
14. Unemployment Dynamics in the OECD
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (94)
    Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (30)
    See also Journal Article Unemployment Dynamics in the OECD, The Review of Economics and Statistics, MIT Press (2013) View citations (229) (2013)
15. Which Industries are shifting the Beveridge Curve?
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (14)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (23)

2010

16. A Great Recession in the UK Labour Market: A Transatlantic Perspective
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (24)
    Also in Economic Research Papers, University of Warwick - Department of Economics (2010) View citations (32)
    See also Journal Article THE GREAT RECESSION IN THE UK LABOUR MARKET: A TRANSATLANTIC PERSPECTIVE, National Institute Economic Review, National Institute of Economic and Social Research (2010) View citations (33) (2010)
17. The Labor Market in the Great Recession
    2010 Meeting Papers, Society for Economic Dynamics View citations (332)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (114)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (337)
    See also Journal Article The Labor Market in the Great Recession, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2010) View citations (354) (2010)

2009

18. Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2008

19. Marginal Jobs, Heterogeneous Firms, & Unemployment Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

2007

20. The Ins and Outs of Cyclical Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
    See also Journal Article The Ins and Outs of Cyclical Unemployment, American Economic Journal: Macroeconomics, American Economic Association (2009) View citations (334) (2009)

2006

21. Evaluating the Economic Significance of Downward Nominal Wage Rigidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2005) View citations (7)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2005) View citations (27)
    See also Journal Article Evaluating the economic significance of downward nominal wage rigidity, Journal of Monetary Economics, Elsevier (2009) View citations (144) (2009)

Journal Articles

2022

1. Firm Dynamics, On-the-Job Search, and Labor Market Fluctuations
   The Review of Economic Studies, 2022, 89, (3), 1370-1419 View citations (6)

2019

2. Fixed adjustment costs and aggregate fluctuations
   Journal of Monetary Economics, 2019, 101, (C), 128-147 View citations (4)
   See also Working Paper Fixed Adjustment Costs and Aggregate Fluctuations, 2012 Meeting Papers (2012) (2012)
3. Flow Origins of Labor Force Participation Fluctuations
   AEA Papers and Proceedings, 2019, 109, 461-64 View citations (11)
4. How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips
   Journal of Economic Perspectives, 2019, 33, (3), 185-201 View citations (58)
   See also Working Paper How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips, IZA Discussion Papers (2019) View citations (57) (2019)
5. The aggregate effects of labor market frictions
   Quantitative Economics, 2019, 10, (3), 803-852 View citations (2)
   See also Working Paper The Aggregate Effects of Labor Market Frictions, Working Papers (2017) View citations (1) (2017)

2016

6. Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain
   Journal of Labor Economics, 2016, 34, (S1), S249 - S291 View citations (121)
   See also Chapter Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain, NBER Chapters, 2013, 246-291 (2013) View citations (1) (2013)

2015

7. On the importance of the participation margin for labor market fluctuations
   Journal of Monetary Economics, 2015, 72, (C), 64-82 View citations (205)
8. The Beveridge Curve: A Survey
   Journal of Economic Literature, 2015, 53, (3), 571-630 View citations (85)

2013

9. Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
   American Economic Journal: Macroeconomics, 2013, 5, (1), 1-48 View citations (100)
10. The Decline of the U.S. Labor Share
    Brookings Papers on Economic Activity, 2013, 44, (2 (Fall)), 1-63 View citations (276)
    See also Working Paper The Decline of the U.S. Labor Share, Working Paper Series (2013) View citations (145) (2013)
11. Unemployment Dynamics in the OECD
    The Review of Economics and Statistics, 2013, 95, (2), 530-548 View citations (229)
    See also Working Paper Unemployment Dynamics in the OECD, Tinbergen Institute Discussion Papers (2011) View citations (21) (2011)

2012

12. Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle
    American Economic Review, 2012, 102, (4), 1378-1413 View citations (43)

2011

13. The Labor Market in the Great Recession — An Update to September 2011
    Brookings Papers on Economic Activity, 2011, 42, (2 (Fall)), 353-384 View citations (29)
14. The role of worker flows in the dynamics and distribution of UK unemployment
    Oxford Review of Economic Policy, 2011, 27, (2), 338-363 View citations (48)
    See also Working Paper The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment, LSE Research Online Documents on Economics (2011) (2011)

2010

15. THE GREAT RECESSION IN THE UK LABOUR MARKET: A TRANSATLANTIC PERSPECTIVE
    National Institute Economic Review, 2010, 214, (1), R26-R37 View citations (33)
    Also in National Institute Economic Review, 2010, 214, R26-R37 (2010) View citations (4)
    See also Working Paper A Great Recession in the UK Labour Market: A Transatlantic Perspective, The Warwick Economics Research Paper Series (TWERPS) (2010) View citations (24) (2010)
16. The Labor Market in the Great Recession
    Brookings Papers on Economic Activity, 2010, 41, (1 (Spring)), 1-69 View citations (354)
    See also Working Paper The Labor Market in the Great Recession, 2010 Meeting Papers (2010) View citations (332) (2010)

2009

17. Evaluating the economic significance of downward nominal wage rigidity
    Journal of Monetary Economics, 2009, 56, (2), 154-169 View citations (144)
    See also Working Paper Evaluating the Economic Significance of Downward Nominal Wage Rigidity, NBER Working Papers (2006) View citations (15) (2006)
18. The Ins and Outs of Cyclical Unemployment
    American Economic Journal: Macroeconomics, 2009, 1, (1), 84-110 View citations (334)
    See also Working Paper The Ins and Outs of Cyclical Unemployment, NBER Working Papers (2007) View citations (52) (2007)

2002

19. Trends in British public investment
    Fiscal Studies, 2002, 23, (3), 305-352 View citations (1)

Chapters

2013

1. Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain
   A chapter in Labor Markets in the Aftermath of the Great Recession, 2013, pp 246-291 View citations (1)
   See also Journal Article Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and Great Britain, University of Chicago Press (2016) View citations (121) (2016)