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Henry R. Hyatt

US Census Bureau, USA, and IZA, Germany

Research in peer-reviewed journals is often only readable by specialist researchers. World of Labor fills a gap, publishing articles on cutting-edge topics that are accessible to a more general audience. I’m excited to contribute to this innovative series

IZA World of Labor role

Author

Current position

Senior Economist, Center for Economic Studies, US Census Bureau

Research interest

Labor supply and demand

Website

https://sites.google.com/site/henryrhyatt/

Past positions

Research Analyst, Department of Industrial Relations, State of California, 2007–2009

Qualifications

PhD Economics, University of California, Berkeley, 2009

Selected publications

  • "Computer networks and productivity revisited: Does plant size matter? Evidence and implications." Journal of Economic and Social Measurement 39:1–2 (2014): 87–104 (with S. V. Nguyen).

  • “The plant life-cycle of the average wage of employees in U.S. manufacturing.” IZA Journal of Labor Economics 2:7 (2013): 1–23 (with E. M. Dinlersoz and S. V. Nguyen).

  • “The recent decline in employment dynamics.” IZA Journal of Labor Economics 2:3 (2013): 1–21 (with J. R. Spletzer).

  • “Job-to-job flows in the Great Recession.” American Economic Review: Papers & Proceedings 102:3 (2012): 580–583 (with E. McEntarfer).

  • “The labor supply consequences of employment-limiting social insurance benefits: New tests for income effects.” B.E. Journal of Economic Analysis & Policy 11:1 (Contributions) (2011): Article 25.

article(s)

  • Firm age and job creation in the US

    New businesses are essential to keep unemployment low, but start-ups need loans in order to create jobs

    Henry R. Hyatt, November 2022
    Entrepreneurship is essential for a healthy labor market. Recent evidence shows that young businesses (at most ten years old) have, on average, accounted for all of US employment growth over the past few decades. New businesses are especially important for youth employment. However, these businesses tend to borrow a lot, and the credit constraints they face limit their ability to create jobs. Historically, much of the discussion regarding the economic importance of entrepreneurship has focused on small businesses. Empirical evidence increasingly suggests that, among small businesses, those that are young create the most jobs.
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  • The decline in job-to-job flows

    An aging workforce and declining entrepreneurship explain the decline in job-to-job flows only partially

    Henry R. Hyatt, August 2015
    As part of a more general process of employment reallocation from less to more productive employers, job-to-job flows tend to be beneficial for productivity and for workers. Thus, when this rate slows, it is important to understand why. In the US, for example, the job-to-job flow rate is now at an all-time low. While job-to-job flows are a means of boosting wages and productivity, a decline could indicate improvements for workers if it means that they are now better matched to their jobs. Furthermore, when job-to-job flows are lower, firms and workers incur fewer costs related to job transitions, such as job search and hiring costs.
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