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Doepke, Matthias; Tertilt, Michele - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10011454407

Macroeconomic determinants of retirement timing

Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013

We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...

Persistent link: https://www.econbiz.de/10010221835

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10011414902

Labor market effects of US sick pay mandates

Pichler, Stefan; Ziebarth, Nicolas R. - 2016

market consequences. We use the Synthetic Control Group Method (SCGM) and the Quarterly Census of Employment and Wages (QCEW …) to estimate the causal effect of mandated sick leave on employment and wages. Our findings do not provide much evidence … that employment or wages were significantly affected by the mandates which typically allow employees to earn one hour of …

Persistent link: https://www.econbiz.de/10011455898

Does private schooling increase adult earnings? : cohort-level evidence for U.S. states

Berger, Reilee L.; Winters, John V. - 2016

Public schooling in the U.S. has numerous critics, many of whom suggest that alternatives such as providing vouchers for private schools may be more effective. This paper combines decennial census and American Community Survey data for various years to examine the relationship between...

Persistent link: https://www.econbiz.de/10011521168

Fixed exchange-rate policy and real wage growth : quasi-experimental evidence

Andini, Corrado - 2014

Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...

Persistent link: https://www.econbiz.de/10010457884

Intergenerational progress of Mexican-origin workers in the U.S. labor market

Trejo, Stephen J. - 2001

Using unique Current Population Survey data from November 1979 and 1989, this paper compares the wage structure across generations of Mexican-origin men. I find that the sizable earnings advantage U.S.-born Mexican Americans enjoy over Mexican immigrants arises not just from intergenerational...

Persistent link: https://www.econbiz.de/10011403963