Search Results
Journal Article
Why Are Workers Staying Out of the U.S. Labor Force?
Shifts in retirement and people taking care of family or the home appear to be behind the drop in labor market participation.
Are Higher Child Care Wages Affecting the Labor Supply?
An analysis suggests that a rebound in labor force participation among women with a partner and child could have been stronger during the pandemic if not dampened by child care costs.
Residential Segregation and the Black-White College Gap
Using an economic model, researchers find that racial wage disparities, the amenity externality and racial barriers to moving could help explain the Black-white gap in college attainment.
Journal Article
Classifying Worker Types in the U.S. Labor Market
Why some worker types have difficulty finding stable jobs can’t easily be explained by demographic characteristics.
Nominal Wage Growth at the Individual Level in 2022
Some workers have seen large changes in their wages over the past year. An analysis looks at who has experienced the most and the least nominal wage growth.
Real Wage Growth at the Individual Level in 2022
Overall, 54% of workers’ nominal wage growth didn’t keep up with inflation over the past year. But young workers, low-income workers and job switchers tended to fare better than others.
How Child Care Impacts Parents’ Labor Force Participation
An analysis finds that women with a partner and young children—those most likely to be sensitive to child care costs—had the strongest rebound in LFP since the start of the COVID-19 pandemic.
Working Paper
The Impact of Racial Segregation on College Attainment in Spatial Equilibrium
This paper seeks to understand the forces that maintain racial segregation and the implications for the Black-White gap in college attainment. We incorporate race into an overlapping-generations spatial-equilibrium model with neighborhood spillovers. The model incorporates race in three ways: (i) a Black-White wage gap, (ii) an amenity externality—households care about the racial composition of their neighbors—and (iii) an additional barrier to moving for Black households. These forces quantitatively account for all of the racial segregation and 80% of the Black-White gap in college ...
Journal Article
Pandemic Recession: L- or V-Shaped?
We develop and calibrate a search-theoretic model of the labor market in order to forecast the evolution of the aggregate US labor market during and after the coronavirus pandemic. The model is designed to capture the heterogeneity of the transitions of individual workers across states of unemployment and employment and across different employers. The model is designed also to capture the trade-offs in the choice between temporary and permanent layoffs. Under reasonable parametrizations of the model, the lockdown instituted to prevent the spread of the novel coronavirus is shown to have ...
Labor Force Exits and COVID-19: Who Left, and Are They Coming Back?
Millions of workers are still unemployed or have dropped out of the labor force. What is the likelihood that these people will return to work in the coming year?