This paper develops a theory of the unemployed individual's choice of how much effort to devote to search. The term effort involves two choice variables, time and money. Specific attention is given to the role of unemployment contingent income and the probability of obtaining employment without...

I argue against the popular view that young Black men experience more joblessness than their White counterparts because they have priced themselves out of the labor market. The seemingly excessive reservation wages of jobless young Black men, what they ...

"Jack Triplett and Barry Bosworth analyze services sector productivity, demonstrating that fundamental changes have taken place in this sector of the U.S. economy. They show that growth in the services industries fueled the post-1995 expansion in U.S. productivity and assess the role of...

We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the US, focusing in particular on the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of...

We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the US , focusing in particular on the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of...