The Initiative for the Study of Labor Markets brings together leading UChicago scholars from across campus to address questions about the factors that influence outcomes for the employee, the firm, and the larger economic landscape. Labor markets are shaped by economic growth, and the Initiative will investigate the broader impact of economic growth on the development of labor markets. Do some industrial sectors benefit more than others? Are all income levels benefiting equally? Are some geographic regions falling behind?
Among many avenues of inquiry, UChicago faculty are leading efforts focused on modern labor markets in developed economies to measure the rate at which jobs disappear, to identify what causes firms to shed jobs, and what forces in the economy make it easier or harder for people to find new work with better performing firms.