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Does Inflation "Grease the Wheels of the Labor Market"?

Card, David - 1996

If nominal wages are downward rigid, moderate levels of inflation may improve labor market efficiency by facilitating … higher-inflation environments. Using individual wage change data from two sources, we find that about 6-10 percent of workers … experience nominally rigid wages in a 10- percent inflation environment. This proportion rises to over 15 percent at a 5 percent …

Persistent link: https://www.econbiz.de/10012473318

Forecasting Aggregate Period Specific Birth Rates : The Time Series Properties of a Microdynamic Neoclassical Model of Fertility

Heckman, James J. - 1989

This article demonstrates the value of microdata for understanding the effect of wages on life cycle fertility dynamics. Conventional estimates of neoclassical economic fertility models obtained from linear aggregate time series regressions are widely criticized for being nonrobust when adjusted...

Persistent link: https://www.econbiz.de/10012475910

New Methods for Estimating Labor Supply Functions : A Survey

Heckman, James J. - 1982

This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables

Persistent link: https://www.econbiz.de/10012478253

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2009

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10012463186

The Determinants of Participation in a Social Program : Evidence from a Prototypical Job Training Program

Heckman, James J. - 2003

This paper decomposes the participation process of a prototypical program into eligibility, awareness, application, acceptance and enrollment. With this decomposition, we determine the sources of unequal participation for different groups, and demonstrate that variables often have very different...

Persistent link: https://www.econbiz.de/10012468880

Fifty Years of Mincer Earnings Regressions

Heckman, James J. - 2003

The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...

Persistent link: https://www.econbiz.de/10012468966

Estimating Distributions of Treatment Effects with an Application to the Returns to Schooling and Measurement of the Effects of Uncertainty on College

Carneiro, Pedro - 2003

This paper uses factor models to identify and estimate distributions of counterfactuals. We extend LISREL frameworks to a dynamic treatment effect setting, extending matching to account for unobserved conditioning variables. Using these models, we can identify all pairwise and joint treatment...

Persistent link: https://www.econbiz.de/10012469154

Life Cycle Schooling and Dynamic Selection Bias : Models and Evidence for Five Cohorts

Cameron, Stephen V. - 1998

This paper examines an empirical regularity found in many societies: that family influences on the probability of transiting from one grade level to the next diminish at higher levels of education. We examine the statistical model used to establish the empirical regularity and the intuitive...

Persistent link: https://www.econbiz.de/10012472433

Labor Market Effects of School Quality : Theory and Evidence

Card, David - 1996

This paper presents an overview and interpretation of the literature relating school quality to students' subsequent labor market success. We begin with a simple theoretical model that describes the determination of schooling and earnings with varying school quality. A key insight of the model...

Persistent link: https://www.econbiz.de/10012473412

Gender Differences in the Benefits of an Influential Early Childhood Program

García, Jorge Luis - 2017

This paper studies the life-cycle impacts of a widely-emulated high-quality, intensive early childhood program with long-term follow up. The program starts early in life (at 8 weeks of age) and is evaluated by an RCT. There are multiple treatment effects which we summarize through interpretable...

Persistent link: https://www.econbiz.de/10012455269