This paper analyzes the heterogeneous effects of monetary policy on workers with different levels of labor force … attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … with lower labor force attachment--Blacks, high school dropouts, and women--is more responsive to expansionary monetary …

This paper analyzes the heterogeneous effects of monetary policy on workers with differing levels of labor force … attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … with lower labor force attachment—Blacks, high school dropouts, and women—is more responsive to expansionary monetary …