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that minimum wages reduce employment, with the exception of high school dropouts. In contrast, evidence strongly suggests … that the EITC boosts employment of young women (although not teenagers). We also explore how minimum wages and the EITC … the EITC boosts employment and earnings for minority women, and coupling the EITC with a higher minimum wage appears to …
Persistent link: https://www.econbiz.de/10003531875
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 Population Surveys. Our closed-form identification of the...
Persistent link: https://www.econbiz.de/10008652132
Persistent link: https://www.econbiz.de/10003927131
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....
Persistent link: https://www.econbiz.de/10008656701
Persistent link: https://www.econbiz.de/10008659781
Persistent link: https://www.econbiz.de/10008991385
is dynamic and flexible enough to accommodate anyone who wants to work. A public employment program would complement the …
Persistent link: https://www.econbiz.de/10009381195
paper is threefold: first, we show that the model provides a good fit for employment and unemployment volatility, as well as … volatility of employment and unemployment. Finally, we show the role of search costs in shaping those results. -- matching …
Persistent link: https://www.econbiz.de/10009157609
individual characteristics, preferences over working hours, job-search strategies, and employment histories. We find substantial … unemployed do not directly compete with employed job seekers. -- on-the-job search ; unemployment ; job competition ; employment …
Persistent link: https://www.econbiz.de/10009310066