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estimates are statistically insignificant. By contrast, a parallel analysis of workers employed fewer than 20 hours per week …. We find no evidence suggesting that the law reduced employment probabilities. …
Persistent link: https://www.econbiz.de/10005012886
This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions. Cognitive and non-cognitive skills of children depend...
Persistent link: https://www.econbiz.de/10012028672
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10010262019
Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...
Persistent link: https://www.econbiz.de/10010271321
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10010276167
; beliefs ; political economy ; labor market reform ; occupational choice ; education ; employment protection ; civil service …
Persistent link: https://www.econbiz.de/10003902085
Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment …
Persistent link: https://www.econbiz.de/10011432202
This paper first documents the increase in the time lag with which labor input reacts to output fluctuations (the labor adjustment lag) that is visible in US data since the mid-1980s. We show that a lagged labor adjustment response is optimal in a setting where there is uncertainty about the...
Persistent link: https://www.econbiz.de/10011378349
employment in high-skill jobs (such as management and technical positions) and low-skill jobs (such as food-service and … over long periods of time. The authors of this paper construct a new dataset of occupational employment and unemployment … Population Survey, the authors study how recessions typically affect employment in various occupations, what employment …
Persistent link: https://www.econbiz.de/10010493670
This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions. Driven by...
Persistent link: https://www.econbiz.de/10011447151