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In this paper I inquire about the effects initial wealth has on black-white differences in early employment careers. I set up a dynamic model in which individuals simultaneously search for a job and accumulate wealth, and fit it to data from the National Longitudinal Survey (1979-cohort). The...
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support. We also find evidence of unemployment scarring effects: substantial experience of unemployment has long …
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This thesis is comprised of three chapters. In the first Chapter titled "Involuntary Unemployment, Wages, and the …-ability workers or those with short potential unemployment benefit duration. Assessing the sensitivity of my results, I show that they … important influence of the extended family on the decisions of older workers. Finally, in the third Chapter "Does Stress Shorten …
Persistent link: https://www.econbiz.de/10011814368
Economic theory predicts that intertemporal decisions depend critically on expectations about future outcomes. Using the universe of professional survey forecasts for the United States, we document the behavior of the entire term structure of expectations for output growth, inflation, and the...
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