the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

The aggregate neoclassical growth model - with a labor income tax or "labor market distortion" that began growing at … the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real …, but merely because labor is falling and labor is complementary with capital in the production function. Through the lens …

composition in subsamples of the Current Population Survey extracts. This compositional change is specific to Miami, unrelated to … the Boatlift, and arises from selecting small subsamples of workers. We also show that conflicting findings on the labor …

's intrinsic, exogenous, and stochastic earnings ability. It also interacts with both current and future labor supply and there can … be either "learning-and-doing" (when labor and training are complements, like for on-the-job training) or "learning …-or-doing" (when labor and training are substitutes, like for college). Agents' abilities and labor supply are private information to …

This paper examines the effect of a husband's job loss on the labor supply of his wife, an effect known as the 'added … worker' effect. Unlike past added worker effect studies which focus on the effect of the husband's current unemployment … status, this paper analyzes the wife's labor supply response in the periods before and after her husband's job displacement …

This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a … statics are examined, including changes in educational capital and population, entry of new countries to the trading world …, technical change, and a productivity slowdown. We derive the consequences for the skilled-to-unskilled wage gap, unemployment …