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What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...
Persistent link: https://www.econbiz.de/10014247949
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI...
Persistent link: https://www.econbiz.de/10014421233
, significantly outperforming graduates of same-tier colleges with similar first jobs. After exiting their start-ups, they obtain jobs … about three years more senior than their right-before-founding peers. Even failed founders land jobs with higher seniority …
Persistent link: https://www.econbiz.de/10013334397
We study how financial development affects economic development and wage inequality. We use a large expansion of government-owned banks into Brazilian cities with low bank branch coverage and combine it with data on the universe of employees from 2000-2014. We find that higher financial...
Persistent link: https://www.econbiz.de/10013210085
We analyze the impact on crime of 3.7 million refugees who entered and stayed in Turkey as a result of the civil war in Syria. Using a novel administrative data source on the flow of offense records to prosecutors' offices in 81 provinces of the country each year, and utilizing the staggered...
Persistent link: https://www.econbiz.de/10013210098
-college workers who disproportionately moved from lower-paying to higher-paying and potentially more-productive jobs …
Persistent link: https://www.econbiz.de/10014247930
We study how individual political views shape firm behavior and labor market outcomes. Using new micro-data on the political affiliation of business owners and private-sector workers in Brazil over the 2002-2019 period, we first document the presence of political assortative matching: business...
Persistent link: https://www.econbiz.de/10013334400
The close connection between US and China in scientific research and education in the 2000s produced a large group of China-born researchers who work in the US ("diaspora") and a larger group of China-born researchers who gained US-research experience and returned to do their research in China...
Persistent link: https://www.econbiz.de/10014322694
A key contention in economics is the discrepancy between micro and macro elasticities of labor supply with respect to marginal tax rates. We revisit this question, focusing on the role of dynamic returns to effort among top earners. We develop a new model of earnings responses to taxes in the...
Persistent link: https://www.econbiz.de/10014337783
We document systematic differences in wage and earnings inequality between and within occupations and show that these differences are intimately related to systematic differences in labor supply across occupations. We then develop a variant of a Roy model in which earnings are a non-linear...
Persistent link: https://www.econbiz.de/10014372422