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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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strongly suggests that reservation wages decline in the duration of search. This paper reports the results of the first real … constant. Nevertheless, subjects' reservation wages decline sharply over time. We investigate two hypotheses to explain this …
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which better job matching of college-educated workers increases individual-level wages and thereby contributes to the urban … wage premium. While we find that college graduates with better job matches do indeed earn higher wages on average, the …
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