The major increase in the employment rate of married women while that of men remained almost unchanged is one of the most dramatic socioeconomic changes to have taken place during the last century. In this paper, we argue that shifts in social norms regarding household interaction in determining...

The increase in female employment and participation rates is one of the most dramatic economic changes to have taken place during the last century. However, while the employment rate of married women more than doubled during the last fifty years, that of unmarried women remained almost constant....

There is a strong correlation between the corporate interest rate spread and the unemployment rate.We make two contributions to the literature based on this observation. First, we model the mechanisms by which these financial conditions can affect unemployment in a DMP model with capital....

In this study we summarize the main trends in the earnings and employment distribution for the US during the last four decades using data drawn from the March CPS. Our aim is to state the facts in a simple descriptive way , which then enables the readers to formulate their own judgment on how...

We propose a framework to estimate the extent of compliance to minimum wage laws. Cases of non-compliance arise whenever the law enforcement is imperfect, and the share of the match rent offered by a firm to a worker falls below the minimum wage and above the worker’s reservation wage....