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Despite the long economic expansion, employment among young men is lower today than it was in the late 1960s. This … single week per year. One common explanation for this trend, declining real wages, ignores the fact that the value of working … 1967 and 1977. Changes in wages do not explain any of this trend. …
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income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job …
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the macroeconomic implications of relaxing this assumption. Estimation from micro data using labor hours, wages …
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We quantify the contribution of various driving forces to state-level movements in unemployment rates and employment … awarding of military contracts. Based on the BLS measure of state employment, our baseline specifications imply that creating …
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's degree raises wages further. One year of two-year credits has the same effect on subsequent four-year attendance as one year …
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