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Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
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, among male and female workers, and the gender wage gap, among Georgians and non-Georgians. The gender wage discrimination is … larger than the ethnic wage discrimination. In the second estimation stage, these wage discrimination estimates are used in a … general-to-specific vector autoregression framework to test for the Granger causality between discrimination and growth. A …
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