The U.S. sacrifices about ten full time jobs for each million dollars of net imports of goods and services. Its billions of dollars in trade deficit is the primary reason behind its millions of job losses. Loss of jobs, in turn, decreases income, demand, investment, and tax revenues. Budget...

The deteriorating labor market position of young men has arguably played an important role in later and less frequent marriage since the 1970s. This dissertation examines the relationship between men’s socioeconomic characteristics and marriage formation and the labor market causes of marriage...

In most countries of Central and Eastern Europe and the Commonwealth of Independent States, the transition to market led to the emergence of a private sector and open unemployment. The Belarusian labor market is characterized by low official unemployment, combined with a low share of the private...

The first two essays of this dissertation use policy experiments to show that low-skilled newly arriving immigrants help keep the economy in geographic equilibrium by differentially selecting destinations that provide better labor market prospects. The first essay finds that immigrants choose...

In three chapters I study the formation of social networks, and the impact the structures that arise may have in various economic settings. First, I develop a model of social network formation with heterogeneous agents and incomplete information. The model predicts an equilibrium in which agents...

There are a number of reasons to expect that incarceration will have long-term, negative consequences for economic/labor market success, and that the consequences may be especially acute for minority ex-offenders. This study replicates and extends Bruce Western's research on the impact of...

International Macroeconomics has long sought an explanation for current account fluctuations that matches the data. The approaches have typically focused on better models and new macroeconomic variables. We demonstrate the limitations of this approach by showing that idiosyncratic shocks are an...