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The truth, the whole truth, and nothing but the truth: the English Corn Returns as a data source in economic history, 1770-1914
Brunt, Liam; Cannon, Edmund - C.E.P.R. Discussion Papers - 2013
From 1770 to 1914, the British Government collected weekly price and quantity data for all types of grain traded in many market towns; these ‘Corn Returns’ were published in the London Gazette. We computerised the data published 1770-1864, totalling around 6 million data points. Here we...
Persistent link: https://www.econbiz.de/10011083705
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Returns to Education: Evidence from UK Twins
Bonjour, Dorothe; Cherkas, Lynn; Haskel, Jonathan; … - C.E.P.R. Discussion Papers - 2002
in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …
Persistent link: https://www.econbiz.de/10005662039
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Multi-Trait Matching and Intergenerational Mobility: A Cinderella Story
Chen, Natalie; Conconi, Paola; Perroni, Carlo - C.E.P.R. Discussion Papers - 2011
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
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Higher Education Levels, Firm's Outside Options and the Wage Structure
Rosén, Åsa; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2002
We analyse the consequences of an increase in the supply of highly educated workers on relative and real wages in a search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated workers improves the firms’ outside option. As a...
Persistent link: https://www.econbiz.de/10005124122
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The Return to Knowledge Hierarchies
Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2007
Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. To quantify this effect, we analyze the earnings and organization of U.S. lawyers and use the equilibrium...
Persistent link: https://www.econbiz.de/10005136470
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Wages, Experience and Seniority
Dustmann, Christian; Meghir, Costas - C.E.P.R. Discussion Papers - 1999
This paper develops and estimates a human capital model of wage growth based on learning by doing. Learning by doing rates are assumed to be heterogeneous and firms offer different career structures in terms of the rate of acquisition of firm specific human capital. The model is estimated using...
Persistent link: https://www.econbiz.de/10005136649
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New Developments in Models of Search in the Labour Market
Mortensen, Dale T; Pissarides, Christopher - C.E.P.R. Discussion Papers - 1999
This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...
Persistent link: https://www.econbiz.de/10005497772
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Scale Effects in Markets with Search
Petrongolo, Barbara; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10005504450
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Are the Unemployed Unemployable?
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …
Persistent link: https://www.econbiz.de/10005666594
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Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence
Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996
This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United States over the past two decades. In my model firms decide the composition of jobs and then match with skilled and unskilled workers. The demand for skills is endogenous and an...
Persistent link: https://www.econbiz.de/10005789067