The Fluid Character of U.S. Labor Markets
Kevin A. Hassett, Steven J. Davis
July 28, 2005
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The U.S. economy creates more than 7 million new jobs every quarter, and millions of workers quit their jobs each month. What do these numbers mean for our understanding of the labor market? What impact does a fluid labor market have on productivity growth? How does the pace of job creation, departures, and layoffs differ by industry and employer size?

Please join us as AEI visiting scholar Steven J. Davis addresses these and related questions. Davis will draw on his recent study, "The Flow Approach to Labor Markets." Jared Bernstein of the Economic Policy Institute and Diana Furchtgott-Roth of the Hudson Institute will comment on the study and offer their own perspectives on U.S. labor markets.

About the Author

 

Kevin A.
Hassett
  • Before joining AEI, Mr. Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at the Graduate School of Business of Columbia University, as well as a policy consultant to the Treasury Department during the George H. W. Bush and Clinton administrations. He served as an economic adviser to the George W. Bush 2004 presidential campaign and as Senator John McCain's chief economic adviser during the 2000 presidential primaries. He also served as a senior economic adviser to the McCain 2008 presidential campaign. Mr. Hassett is a columnist for National Review.

  • Phone: 202-862-7157
    Email: khassett@aei.org

  • Assistant Info

    Name: Veronika Polakova
    Phone: 202-862-4880
    Email: veronika.polakova@aei.org
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Steven J.
Davis

  • Steven J. Davis studies unemployment, job displacement, business dynamics, the effect of taxes on work activity, and other topics in economics. He is deputy dean for the faculty and professor of international business and economics at the University of Chicago Booth School of Business, a research associate at the National Bureau of Economic Research, and an economic adviser to the U.S. Congressional Budget Office.  He previously taught at Brown University and MIT.  As a visiting scholar at AEI, Mr. Davis studies how policy-related sources of uncertainty affect national economic performance.



     
  • Phone: 773-702-7312
    Email: sdavis@aei.org

  • Assistant Info

    Name: Chad Hill
    Phone: 202-862-5862
    Email: chad.hill@aei.org
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