Professor Elsby was recently awarded a Philip Leverhulme Prize.
- Areas of interest
- Labour economics
- Wage determination
Mike Elsby's research focuses on the interface between macroeconomics and labour economics, in particular unemployment and wage determination.
Recent work has examined the measurement of labour market flows in developed economies, the modelling of worker and job flows over the business cycle and across firms, the economics of adjustment costs, the role of trend wage growth on long-term increases in joblessness, and the aggregate labour market effects of downward rigidity in wages.
Mike studied economics at the London School of Economics, culminating in a Ph.D. in 2005. Prior to joining the University of Edinburgh, he was an Assistant Professor at the University of Michigan. He is an associate of the Centre for Economic Performance at the LSE.
- Unemployment Dynamics in the OECD, with Bart Hobijn and Ayşegül Şahin. Forthcoming, Review of Economics and Statistics.
- The Labor Market in the Great Recession: An Update, with Bart Hobijn, Ayşegül Şahin and Robert G. Valletta. Forthcoming, Brookings Papers on Economic Activity.
- Which Industries are Shifting the Beveridge Curve? with Regis Barnichon, Bart Hobijn and Ayşegül Şahin. Forthcoming, Monthly Labor Review.
- Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle, with Matthew Shapiro. Forthcoming, American Economic Review.
- The Role of Worker Flows in the Dynamics and Distribution of U.K. Unemployment, with Jennifer C. Smith and Jonathan Wadsworth. Oxford Review of Economic Policy, Vol. 27, No. 2, 2011, pp. 338-363.
- The Great Recession in the U.K. Labour Market: A Transatlantic Perspective, with Jennifer C. Smith. National Institute Economic Review, No. 214, October 2010.
- The Labor Market in the Great Recession, with Bart Hobijn and Aysegul Sahin. Brookings Papers on Economic Activity, Spring 2010, pp. 1-48.
- Evaluating the Economic Significance of Downward Nominal Wage Rigidity. Journal of Monetary Economics, Vol.56, Issue 2 (March 2009), pp. 154-169.
- The Ins and Outs of Cyclical Unemployment, with Ryan Michaels and Gary Solon. American Economic Journal: Macroeconomics, Vol. 1, No. 1 (January 2009), pp. 84-110.