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 …

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 …. During the period of 1996 to 2009, the corrected monthly unemployment rates are 1 to 4.6 percentage points (25% to 45 …

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. This paper shows that this critique also extends to unemployment …

is dynamic and flexible enough to accommodate anyone who wants to work. A public employment program would complement the …

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 …