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Labor market outcomes for young college graduates have deteriorated substantially in the last twenty five years, and more of them are residing with their parents. The unemployment rate at 23-27 year old for the 1996 college graduation cohort was 9%, whereas it rose to 12% for the 2013 graduation...
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This paper uses a revealed preference approach applied to administrative data from Washington to document and characterize work-hour constraints. Workers have limited discretion over hours at a given employer, and there is substantial mismatch between workers who prefer long hours and employers...
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In this paper, the role of matching efficiency (equivalently, mismatch) at the aggregate level in driving unemployment … not sensitive to the level of disaggregation by construction. Observing that estimated aggregate matching efficiency lags … business cycles, I identify a structural shock to aggregate matching efficiency using standard timing restrictions. Based on …
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