This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high‐frequency longitudinal data. Using data from our survey of unemployed workers in New Jersey, where workers were interviewed each week for up to 24 weeks, we find that self‐reported...

<title>Abstract</title> The author argues that the recent controversy over the effect of the minimum wage on employment offers an opportunity for teaching introductory economics. Research findings on the minimum wage could be used to motivate alternative models of the labor market, such as monopsony and search...

This paper documents that rotation group bias -- the tendency for labor force statistics to vary systematically by month in sample in labor force surveys -- in the Current Population Survey (CPS) has worsened considerably over time. The estimated unemployment rate for earlier rotation groups has...

This paper documents that rotation group bias – the tendency for labor force statistics to vary systematically by month in sample in labor force surveys – in the Current Population Survey (CPS) has worsened considerably over time. The estimated unemployment rate for earlier rotation groups...

This paper uses administrative earnings data to the effect of attending a highly selective college on future earnings. It extends the work of a previous paper—that examined the 1995 earnings of a cohort of students who entered college in 1976. Using earnings data from a longer time...

The predictors of terrorism are unclear. This paper examines the effect of public opinion in one country toward another country on the number of terrorist attacks perpetrated by people or groups from the former country against targets in the latter country. Public opinion is measured by the...