After a period of regulatory changes in the early 1980s we are faced with “new” freight transportation labor markets in … transportation, with a focus on wage differentials across industries and occupations. Our aim is to provide stylized facts. We find … that real wages in rail, truck, and water transport declined over most of the period and have rebounded since 1996. Within …

state government spending, but no significant positive effect on state education, health, transportation or welfare …

impressive productivity gains. But it is easy to confuse true productivity advances in transportation industries with changes in … mid-20th century U.S. railroads. This is due to the fact that transportation has vastly different productivities in …

business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation …

engage in unpaid work, and to marry and have children, is formulated as a forward-looking discrete choice dynamic programming …

This paper develops dynamic structural models - an option value model and a dynamic programming model - of the Social … out-of-sample predictive accuracy, our option value model performs better than both our dynamic programming model and our …

We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak …

Treatment Effect (LATE) and analyze the economic implications of using a strong instrument within a dynamic economic model. We … power of the instrument and dynamic self-selection caused by the policy shock implies that access to a "strong instrument …. Within a dynamic setting, IV is deprived of any “causal” substance. …

We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of … and experience on schooling decisions imply weak dynamic self-selection; that is educational attainments are only weakly …