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Journal Article
Job polarization leaves middle-skilled workers out in the cold
The economy has increased its demand for high-skilled (high-wage) workers, while opportunities for middle-skilled (middle-wage) jobs have declined. This ?job polarization? may require a shift in the sort of training that is encouraged for American workers.
Journal Article
The mismatch between job openings and job seekers
Today's high unemployment rate is often linked to a structural imbalance?a mismatch between the skills and location required to fill vacant jobs and the skills and geographical preferences of the unemployed. But the evidence downplays the role of this mismatch.
Journal Article
A closer look at the decline in the labor force participation rate
The labor force participation rate has fallen from over 67 percent in 2000 to almost 63 percent today. Among the reasons are the downward trends in the percentages of women and young people in the labor force.
Journal Article
Local housing crisis is similar to nation's
District Overview
Briefing
Why Are Women Leaving the Labor Force?
The female labor force participation (LFP) rate has dropped steadily since 2000, especially among single women. At the same time, the percentage of single women has grown as a share of the female population, a trend that has increased the impact of the single women's LFP rate on the aggregate women's LFP rate. An analysis of data from the Current Population Survey shows that a growing percentage of single women who are not in the labor force are going to school. Meanwhile, an increasing share of married women list retirement as the reason for no longer participating in the labor force.
Journal Article
Understanding the Gender Earnings Gap: Hours Worked, Occupational Sorting, and Labor Market Experience
This article documents life-cycle gender differences in labor market outcomes using longitudinal data of a cohort of individuals from the National Longitudinal Survey of Youth 1979. As in other datasets, the gender earnings gap increases with age. We find that hours worked and labor market experience are the most substantial observable variables in explaining the gender pay gap. We also focus on patterns in occupational changes over the life cycle, as a large part of pay growth occurs when workers change jobs. We find that college-educated men, on average, move into occupations with higher ...
Journal Article
Flows To and From Working Part Time for Economic Reasons and the Labor Market Aggregates During and After the 2007-09 Recession
Using counterfactual exercises for the transition probabilities between full-time employment, part-time employment for economic reasons (PTER), part-time employment for noneconomic reasons (PTNER), unemployment, and out-of-the-labor-force similar to Shimer (2012), we find that, ceteris paribus, changes in the transition probabilities to and from PTER in the aftermath of the 2007-09 recession were mainly associated with changes in the composition of employment (full- versus part time, and PTER versus PTNER) instead of with changes in the distribution of individuals between employment and ...
Journal Article
The effects of Extending Unemployment Insurance Benefits
Longer benefits may reduce unemployed workers? job search efforts, decreasing their likelihood of becoming reemployed.
Journal Article
Aging and the Economy: The Japanese Experience
Because of its unusually high percentage of older people, Japan is heavily analyzed by other developed economies for studying the impact of aging on a macroeconomy. Does a large older population affect such things as output, inflation and labor force participation?
Working Paper
The role of schools in the production of achievement
What explains differences in pre-market factors? Three types of inputs are believed to determine the skills agents take to the labor market: ability, family inputs and school inputs. Therefore to answer the previous question it is crucial to understand first the importance of each of those inputs. The literature on the production of achievement has not been able to provide an estimation that can take the three factors into account simultaneously at the student level. This paper intends to fill this gap by providing an estimation of the production function of achievement where both types of ...