inflation, strong real wage growth, and low rate of unemployment in the U.S. economy during the late 1990s. Many of these … univariate trends in the unemployment rate and in the rate of productivity growth, these coefficients are stable. This suggests … explanations of movements of wages, prices and unemployment over the 1990s, and indeed over the past forty years, must focus on …

and that older males are working longer as a result of secular increases in labor supply of older females. In the first … understood as reflecting a mean reverting low frequency shock to labor market opportunities for all workers in combination with …

construct counterfactual employment rates and labor force participation rates that assign to mothers of young children the … percent change in employment and labor force participation rates experienced by comparable women without young children. We …