Showing 1 - 10 of 34
cohabitation has not prevented a rise in the proportion of lone parents, and their numbers are growing rapidly. The children of …The institution of marriage has served to funnel economic resources from fathers to children. Its continued decline in … lone parents are relatively deprived, both in terms of income and adults' time for child care and housekeeping. Government …
Persistent link: https://www.econbiz.de/10010294870
Persistent link: https://www.econbiz.de/10013342520
Using recent results in the measurement error literature, we show that the official U.S. unemployment rates … substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current …. During the period of 1996 to 2009, the corrected monthly unemployment rates are 1 to 4.6 percentage points (25% to 45 …
Persistent link: https://www.econbiz.de/10010277528
needed to keep unemployment in check are too high. It is estimated that only 98,000 jobs (rather than the usual goal of 150 …
Persistent link: https://www.econbiz.de/10010397646
The decline in the employment-population ratios for men and women over the period 2000-2007 prior to the Great … Recession represents an historic turnaround in the evolution of U.S. employment. The decline is disproportionately concentrated … concentrated among the unmarried and those without children. About half of men's decline can be explained by declines in wage rates …
Persistent link: https://www.econbiz.de/10010397788
The informational value of the aggregate US unemployment rate has recently been questioned because of a unit root in … the labor-force participation rate; the lack of mean reversion implies that long-run changes in unemployment rates are … highly unlikely to reflect long-run changes in joblessness. This paper shows that this critique also extends to unemployment …
Persistent link: https://www.econbiz.de/10010321459
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume expectations are rational This paper shows that while...
Persistent link: https://www.econbiz.de/10010293441
explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …
Persistent link: https://www.econbiz.de/10010293481
This paper combines matching frictions with e¢ ciency wages to deter shirking in a model that is estimated for the USA and the UK to derive the underlying structural parameters. Methods robust to weak instruments are used to show that, for both countries, both matching frictions and efficiency...
Persistent link: https://www.econbiz.de/10010318955
In this paper, I first summarize how the US Earned Income Tax Credit (EITC) operates and describe the characteristics of recipients. I then discuss empirical work on the effects of the EITC on poverty and income distribution, and its effects on labor supply. Next, I discuss a few policy concerns...
Persistent link: https://www.econbiz.de/10010273965