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Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Earnings cycles generate occasional large changes in earnings, consistent with some recent empirical findings. At the...
Persistent link: https://www.econbiz.de/10012480903
fathers. We find that exogenously moving mothers to more family friendly workplaces would raise their wages and labor income … the parental gender gap in wages and income. At the same time, working in more family friendly workplaces would not reduce …
Persistent link: https://www.econbiz.de/10012453540
higher marginal rate of substitution of current wages for future wages. Incidentally, a survey of several hundred …
Persistent link: https://www.econbiz.de/10012471233
Using detailed information on the career plans and earnings expectations of college business school seniors, we test the hypothesis that women who plan to work intermittently choose jobs with lower rewards to work experience in return for lower penalties for labor force interruptions. We find...
Persistent link: https://www.econbiz.de/10012475585
Machines increasingly replace people in routine job tasks. The remaining tasks require workers to make open-ended decisions and to have "soft" skills such as problem-solving, critical thinking and adaptability. This paper documents growing demand for decision-making and explores the consequences...
Persistent link: https://www.econbiz.de/10012510612
This study uses Current Population Survey cohort data and the National Longitudinal Survey for men aged 14-24 in 1966 to examine the earnings growth of college graduates relative to high school graduates during the 1970s depressed market for graduates. The principal finding is that the...
Persistent link: https://www.econbiz.de/10012478365
retrospective. Using longitudinal panel data (on married women in NLS) we have now established that real wages at reentry are …, indeed, lower than. at the point of labor force withdrawal, and the decline in wages is bigger the longer the interruption …. Another striking finding is a relatively rapid growth in wages after the return to work. This rapid growth appears to reflect …
Persistent link: https://www.econbiz.de/10012478658
Using College and Beyond data and a variant on Dale and Krueger's (2002) matched-applicant approach, this paper revisits the question of how attending an elite college affects later-life outcomes. We expand the scope along two dimensions: we examine new outcomes related to labor force...
Persistent link: https://www.econbiz.de/10012480966
One of the fastest-growing areas of finance research is the study of managerial biases and their implications for firm outcomes. Since the mid-2000s, this strand of behavioral corporate finance has provided theoretical and empirical evidence on the influence of biases in the corporate realm,...
Persistent link: https://www.econbiz.de/10012481183
We explore the impact on depressive symptoms of deviation in actual labor force behavior at age 62 from earlier expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were less than 62 years of age at the 1992 HRS baseline, and...
Persistent link: https://www.econbiz.de/10012464212