In this paper we examine the long-term impact of legalized abortion on teenage out-of-wedlock childbearing in the United States using the birth data from the Vital Statistics of the U. S. Our fundamental argument is analogous to Donahue and Levitt’s (2001): by decreasing the number of unwanted...

Our analysis of migration differs from previous research in three important aspects. First, we exploit the confidential geocoding in the NLSY79 to obtain a distance-based measure. Second, we let the effect of migration on wage growth differ by schooling level. Third, we use propensity score...

Economists have devoted substantial resources to estimating the intertemporal substitution elasticity for labor supply because this elasticity plays a crucial role in the real business cycle literature. Generally, the estimates of the elasticity have been too low to explain business cycles....