. These findings are robust to a series of sensitivity analyses. The results suggest that blue-collar workers "wear out …

Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers … underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany … particularly pronounced among workers in low-wage firms. If workers had correct beliefs, at least 10% of jobs, concentrated in low …

We model unemployment allowing workers to differ by comparative advantage in market work. Workers with comparative … advantage are identified by who works more hours when employed. This enables us to test the model by grouping workers based on … their long-term wages and hours from panel data. The model captures the greater cyclicality of employment for workers with …

for γ-workers. During the Great Recession, excess unemployment for α-workers rose by little and was reabsorbed quickly …; unemployment for γ-workers rose by 20 percentage points and was not reabsorbed 4 years after its peak. We use a search …Based on patterns of employment transitions, we identify three different types of workers in the US labor market: α's β …

- and blue-collar coworkers of the inventor. First results suggest that older workers are hurt by the arrival of an … STEM-educated co-workers. This result suggests that retraining programs could be helpful in making the process of creative …