Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10003886602
Using the large variation in the inflow of immigrants across US states we analyze the impact of immigration on state employment, average hours worked, physical capital accumulation and, most importantly, total factor productivity and its skill bias. We use the location of a state relative to the...
Persistent link: https://www.econbiz.de/10013154575
In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and work hours over a career. Our model incorporates duration dependence in several variables, multiple sources of unobserved heterogeneity, job-specific error components in both...
Persistent link: https://www.econbiz.de/10012764833
In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates...
Persistent link: https://www.econbiz.de/10012991676
Persistent link: https://www.econbiz.de/10011629159