A major benefit of education is the lower risk of unemployment at higher educational levels. In PSID (Panel Study of … Income Dynamics) data on the male labor force1 the reduction of the incidence of unemployment is found to be far more … shorter duration of their unemployment, indirect evidence is provided that (1) costs of on-the-job search for new employment …

We estimate the effect of maternal education on birth outcomes using data from the Vital Statistics Natality files for … 1970 to 1999. We also assess the importance of four potential channels through which maternal education may improve birth … education on changes in birth outcomes. Second, we have compiled a new data set on openings of two and four year colleges …

I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of …-being reflected by their health and cognitive development. I pay a good deal of attention to the effects of education on health … education has productive efficiency and allocative efficiency effects. I then modify these frameworks to allow for the …

policy. This paper concentrates on the importance of labor force quality, measured by cognitive skills in mathematics and … more standard quantity measure of labor force skills. Further, the estimated growth effects of improved labor force quality …

Parents with higher education levels have children with higher education levels. However, is this because parental … education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely … that more able individuals who have higher education also have more able children? This paper proposes to answer this …

fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a …

to become an entrepreneur and the level of employment of newly created businesses. We focus on the interaction between …

This paper documents and explores black-white differences in U.S. women's labor force participation, occupations, and … wages from 1940 to 2014. It draws on closely related research on selection into the labor force, discrimination, and pre-labor … market characteristics, such as test scores, that are strongly associated with subsequent labor market outcomes. Both black …

International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill … premium but that changes in relative employment are related to changes in relative wages raising the possibility of some … substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The …

. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …