We estimate the welfare costs of inflation originating from lack of liquidity satiation - as in Bailey (1956), Friedman (1969), Lucas (2000), and Ireland (2009) - for the U.S., U.K., Canada, and three countries/economic areas (Switzerland, Sweden, and the Euro area) in which interest rates have...

This paper explores the links between individuals' early career experiences and their labor market outcomes 5 to 20 years later using data from France, (western) Germany, and the United States. Relative to most of the literature, we consider a large set of measures of men's early career...