We estimate and report life cycle transition probabilities between employment, unemployment and inactivity for male workers using Current Population Survey monthly files. We assess the relative importance of each probability in explaining the life cycle profiles of participation and unemployment...

In this paper I document occupational mobility comparing the experiences of cohorts living one century apart: those captured in the Panel Study of Income Dynamics from 1968 to 2000 and a longitudinal census sample of individuals observed between 1880 and 1930. Considering different levels of...

We develop a theory on the joint dynamics of labor share and technology at the business cycle frequency. Our main motivating fact is the overshooting property of the labor share: After a positive technology shock, the share of output that corresponds to labor falls temporarily but it quickly...

Until 2004, divorce in Chile was illegal and separated women, representing 12% of all married women, were unable to remarry. This paper examines how the option of exiting the relationship and remarrying has changed the bargaining power in married and separated households. Using longitudinal...

I estimate the model using data from the 1995 National Survey of Family Growth (NSFG), the Panel Study of Income Dynamics (PSID) and the Current Population Survey (CPS). By matching aggregate education-specific fertility and abortion profiles, I find that fertility risk (the degree to which...

Unemployment rates are significantly lower for married workers in the U.S. Motivated by this and labor market flow differences across individuals of different marital states, we develop an incomplete markets model to account for the facts. Using the model, we attempt to answer two questions....