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 … frequency of job turnover of more educated workers, which creates fewer episodes of unemployment, is in large part attributable …

elasticity of substitution between capital and labor is moderately high. Indeed, for all elasticities of substitution greater …

the long-run effects on health, labor, and human capital of both historical pandemics (with a focus on the 1918 Influenza …

We study the effect of mean-preserving labor reallocation on business cycle outcomes. We develop an empirical … model of the labor market. The model reproduces the empirical results subject to inclusion of two key, empirically plausible …

In a famous paper, Kenneth Sokoloff argued that the labor input of entrepreneurs was generally not included in the … thumb" imputation for the entrepreneurial labor input. Using establishment level manufacturing data from the 1850 …-80 censuses and textual evidence I argue that, contrary to Sokoloff's claim, the census did generally include the labor of …

different nested structures of input factors: capital, labor with or without human capital adjustment, and energy using data for … substitution elasticity between capital and labor for China is below unity. When human capital adjusted labor is used as input … instead of unadjusted raw labor, estimates of substitution elasticity between capital and labor become lower. By considering …

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …