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What Caused the US Pandemic-Era Inflation?
Blanchard, Olivier; Bernanke, Ben - National Bureau of Economic Research - 2023
short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of … product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation … and wage growth. We find that, contrary to early concerns that inflation would be spurred by overheated labor markets …
Persistent link: https://www.econbiz.de/10014322804
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Unions, wages and hours
Blanchflower, David G.; Bryson, Alex - National Bureau of Economic Research - 2024
We examine union-non-union differentials in wages and hours in the United States over the last 50 years using data from the Current Population Survey (CPS). The regression-adjusted difference between union members' and non-members' hourly earnings has been falling since the Great Recession. The...
Persistent link: https://www.econbiz.de/10014544749
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Frontier History and Gender Norms in the United States
Bazzi, Samuel; Brodeur, Abel; Fiszbein, Martín; … - National Bureau of Economic Research - 2023
This paper explores how historical gender roles become entrenched as norms over the long run. In the historical United States, gender roles on the frontier looked starkly different from those in settled areas. Male-biased sex ratios led to higher marriage rates for women and lower for men. Land...
Persistent link: https://www.econbiz.de/10014247997
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The Short-Term Labor Supply Response to the Expanded Child Tax Credit
Enriquez, Brandon; Jones, Damon; Tedeschi, Ernest V. - National Bureau of Economic Research - 2023
We estimate the extensive and intensive margin labor supply response to the monthly Child Tax Credit disbursed in 2021 as a part of the American Rescue Plan Act. Using Current Population Survey microdata, we compare labor supply outcomes among households who qualify for varying relative...
Persistent link: https://www.econbiz.de/10014250128
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The Impacts of Covid-19 Illnesses on Workers
Goda, Gopi Shah; Soltas, Evan J. - National Bureau of Economic Research - 2022
We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...
Persistent link: https://www.econbiz.de/10013388791
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Labor Supply and Occupational Choice
Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2022
We document a robust negative relationship between mean annual hours in an occupation and the dispersion of annual hours within that occupation. We study a unified model of occupational choice and labor supply that features heterogeneity across occupations in the return to working additional...
Persistent link: https://www.econbiz.de/10013388848
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Days of Work Over a Half Century : The Rise of the Four-day Week
Hamermesh, Daniel S.; Biddle, Jeff - National Bureau of Economic Research - 2022
We examine patterns of work in the U.S. from 1973-2018 with the novel focus on days per week, using intermittent CPS samples and one ATUS sample. Among full-time workers the incidence of four-day work tripled during this period, with over 8 million more full-time workers on four-day weeks. The...
Persistent link: https://www.econbiz.de/10013334325
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Taxes and the Labor Supply of the Stars
Keniston, Daniel; Peralta, Abigail Allison M. - National Bureau of Economic Research - 2022
Do high taxes cause superstars to work less? We test this hypothesis using complete data on Hollywood movie stars' labor supply from 1927 to 2014. Changes to marginal tax rates in high tax brackets have no significant effect on the number of films a movie star makes each year. However, in years...
Persistent link: https://www.econbiz.de/10013477190
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The Labor Demand and Labor Supply Channels of Monetary Policy
Graves, Sebastian; Huckfeldt, Christopher K.; Swanson, … - National Bureau of Economic Research - 2023
Monetary policy is conventionally understood to influence labor demand, with little effect on labor supply. We estimate the response of labor market flows to high-frequency changes in interest rates around FOMC announcements and Fed Chair speeches and find that, in contrast to the consensus...
Persistent link: https://www.econbiz.de/10014421195
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Education Gradients in Parental Time Investment and Subjective Well-being
Kalil, Ariel; Mayer, Susan E.; Delgado, William; … - National Bureau of Economic Research - 2023
College-educated mothers spend substantially more time in intensive childcare than less educated mothers despite their higher opportunity cost of time and working more hours. Using data from the 2010-2013 and 2021 waves of the Well-being Module of the American Time Use Survey, we investigate...
Persistent link: https://www.econbiz.de/10014372469