Search Results
Showing results 1 to 10 of approximately 47.
(refine search)
Working Paper
The Indirect Fiscal Benefits of Low-Skilled Immigration
Colas, Mark; Sachs, Dominik
(2020-10-02)
Low-skilled immigrants indirectly affect public finances through their effect on native wages & labor supply. We operationalize this general-equilibrium effect in the workhorse labor market model with heterogeneous workers and intensive and extensive labor supply margins. We derive a closed-form expression for this effect in terms of estimable statistics. We extend the analysis to various alternative specifications of the labor market and production that have been emphasized in the immigration literature. Empirical quantifications for the U.S. reveal that the indirect fiscal benefit of one ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 38
Working Paper
Location as an Asset
Bilal, Adrien; Rossi-Hansberg, Esteban
(2018-08-07)
The location of individuals determines their job opportunities, living amenities, and housing costs. We argue that it is useful to conceptualize the location choice of individuals as a decision to invest in a ?location asset?. This asset has a cost equal to the location?s rent, and a payoff through better job opportunities and, potentially, more human capital for the individual and her children. As with any asset, savers in the location asset transfer resources into the future by going to expensive locations with good future opportunities. In contrast, borrowers transfer resources to the ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 12
Working Paper
Cyclical Labor Income Risk
Nakajima, Makoto; Smirnyagin, Vladimir
(2019-08-05)
We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main findings. First, we find that head's labor income exhibits countercyclical variance and procyclical skewness. Second, the cyclicality of hourly wages is mutted, suggesting that head's labor income risk is mainly coming from the volatility of hours. Third, younger households face stronger cyclicality of income volatility than older ones, although the level of volatility is lower for the younger ones. Fourth, while a second earner helps lower the level of skewness, it does not ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 22
Working Paper
Dynamic Responses to Immigration
Colas, Mark
(2018-01-29)
I analyze the dynamic effects of immigration by estimating an equilibrium model of local labor markets in the US. The model includes firms in multiple cities and sectors which combine capital, skilled and unskilled labor in production, and forward-looking workers who choose their sector and location each period as a dynamic discrete choice. A counterfactual unskilled immigration inflow leads to an initial wage drop for unskilled workers and a wage increase for skilled workers. These effects dissipate rapidly as unskilled workers migrate away from heavily affected cities and workers shift ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 6
Working Paper
Spatial Patterns of Development: A Meso Approach
Michalopoulos, Stelios; Papaioannou, Elias
(2017-12-11)
Over the last two decades, the literature on comparative development has moved from country-level to within-country analyses. The questions asked have expanded, as economists have used satellite images of light density at night and other big spatial data to proxy for development at the desired level. The focus has also shifted from uncovering correlations to identifying causal relations, using elaborate econometric techniques including spatial regression discontinuity designs. In this survey we show how the combination of geographic information systems with insights from disciplines ranging ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 4
Working Paper
Misallocation and Intersectoral Linkages
Osotimehin, Sophie; Popov, Latchezar
(2020-02-18)
We analytically characterize the aggregate productivity loss from allocative distortions in a setting that accounts for the sectoral linkages of production. We show that the effects of distortions and the role of sectoral linkages depend crucially on how substitutable inputs are. We find that the productivity loss is smaller if input substitutability is low. Moreover, with low input substitutability, sectoral linkages do not systematically amplify the effects of distortions. In addition, the impact of the sectors that supply intermediate inputs becomes smaller. We quantify these effects in ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 30
Working Paper
Disparities and Mitigation Behavior during COVID-19
Wozniak, Abigail
(2020-05-13)
This paper uses a unique large-scale survey administered in April 2020 to assess disparities on several dimensions of wellbeing under rising COVID-19 infections and mitigation restrictions in the US. The survey includes three modules designed to assess different dimensions of well-being in parallel: physical health, mental and social health, and economic and financial security. The survey is unique among early COVID-19 data efforts in that provides insight on diverse dimensions of wellbeing and for subnational geographies. I find dramatic declines in wellbeing from pre-COVID baseline measures ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 32
Working Paper
Who is a Passive Saver Under Opt-In and Auto-Enrollment?
Goda, Gopi Shah; Levy, Matthew R.; Flaherty Manchester, Colleen; Sojourner, Aaron; Tasoff, Joshua
(2019-09-26)
Defaults have been shown to have a powerful effect on retirement saving behavior yet there is limited research on who is most affected by defaults and whether this varies based on features of the choice environment. Using administrative data on employer-sponsored retirement accounts linked to survey data, we estimate the relationship between retirement saving choices and individual characteristics ? long-term discounting, present bias, financial literacy, and exponential-growth bias ? under two distinct choice environments: an opt-in regime and an auto-enrollment regime. Consistent with our ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 26
Working Paper
The Return to Big City Experience: Evidence from Danish Refugees
Eckert, Fabian; Hejlesen, Mads; Walsh, Conor
(2019-08-13)
We offer causal evidence of higher returns to experience in big cities. Exploiting a natural experiment that settled political refugees across labor markets in Denmark between 1986 and 1998, we find that while refugees initially earn similar wages across locations, those placed in Copenhagen exhibit 35% faster wage growth with each additional year of experience. This gap is driven primarily by differential sorting towards high-wage establishments, occupations, and industries. An estimated spatial model of earnings dynamics attributes an important role to unobserved worker ability: more able ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 24
Working Paper
Pay, Employment, and Dynamics of Young Firms
Babina, Tania; Ma, Wenting; Moser, Christian; Ouimet, Paige P.; Zarutskie, Rebecca
(2019-08-05)
Why do young firms pay less? Using confidential microdata from the US Census Bureau, we find lower earnings among workers at young firms. However, we argue that such measurement is likely subject to worker and firm selection. Exploiting the two-sided panel nature of the data to control for relevant dimensions of worker and firm heterogeneity, we uncover a positive and significant young-firm pay premium. Furthermore, we show that worker selection at firm birth is related to future firm dynamics, including survival and growth. We tie our empirical findings to a simple model of pay, employment, ...
Opportunity and Inclusive Growth Institute Working Papers
, Paper 21
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of Minneapolis 47 items
FILTER BY Series
FILTER BY Content Type
Working Paper 47 items
FILTER BY Author
Colas, Mark 5 items
De Nardi, Mariacristina 5 items
Eckert, Fabian 4 items
http://fedora:8080/fcrepo/rest/objects/authors/ 4 items
Borella, Margherita 3 items
Heggeness, Misty 3 items
Kuhn, Moritz 3 items
Moser, Christian 3 items
Sojourner, Aaron 3 items
Walsh, Conor 3 items
Fella, Giulio 2 items
Findeisen, Sebastian 2 items
Ganapati, Sharat 2 items
Hendricks, Lutz 2 items
Michalopoulos, Stelios 2 items
Nakajima, Makoto 2 items
Osotimehin, Sophie 2 items
Popov, Latchezar 2 items
Rossi-Hansberg, Esteban 2 items
Sachs, Dominik 2 items
Schoellman, Todd 2 items
Schularick, Moritz 2 items
Wozniak, Abigail 2 items
Yang, Fang 2 items
Almagro, Milena 1 items
Alviarez, Vanessa 1 items
Attanasio, Orazio 1 items
Avenancio-León, Carlos 1 items
Babina, Tania 1 items
Bartscher, Alina K. 1 items
Bayer, Christian 1 items
Benson, Alan 1 items
Bilal, Adrien 1 items
Couture, Victor 1 items
Coven, Joshua 1 items
Cravino, Javier 1 items
Dauth, Wolfgang 1 items
Dingel, Jonathan 1 items
Engbom, Niklas 1 items
Flaherty Manchester, Colleen 1 items
Franck, Raphael 1 items
Goda, Gopi Shah 1 items
Green, Allison 1 items
Gupta, Arpit 1 items
Handbury, Jessie 1 items
Heise, Sebastian 1 items
Hejlesen, Mads 1 items
Herrington, Christopher 1 items
Howard, Troup 1 items
Hutchinson, Kevin 1 items
Kleineberg, Tatjana 1 items
Krebs, Tom 1 items
Levy, Matthew R. 1 items
Ma, Wenting 1 items
Morehouse, John M. 1 items
Murray-Close, Marta 1 items
Méndez-Chacón, Esteban 1 items
Olea de Souza e Silva, Pedro 1 items
Orane-Hutchinson, Angelo 1 items
Ouimet, Paige P. 1 items
Owens, Raymond E. 1 items
Papaioannou, Elias 1 items
Pastorino, Elena 1 items
Pessoa de Araujo, Ana Luisa 1 items
Porzio, Tommaso 1 items
Ramondo, Natalia 1 items
Ruffini, Krista 1 items
Sarte, Pierre-Daniel G. 1 items
Scheffel, Martin 1 items
Smirnyagin, Vladimir 1 items
Steins, Ulrike I. 1 items
Suedekum, Jens 1 items
Tasoff, Joshua 1 items
Telyukova, Irina A. 1 items
Umyarov, Akhmed 1 items
Van Patten, Diana 1 items
Wachtel, Paul 1 items
Williams, Kevin 1 items
Woessner, Nicole 1 items
Zarutskie, Rebecca 1 items
show more (75)
show less
FILTER BY Jel Classification
J31 13 items
E21 7 items
E24 7 items
H31 4 items
J15 4 items
R11 4 items
R12 4 items
R23 4 items
D10 3 items
D14 3 items
D31 3 items
H20 3 items
H21 3 items
I24 3 items
J10 3 items
O10 3 items
O33 3 items
R10 3 items
R13 3 items
D12 2 items
D57 2 items
D82 2 items
E23 2 items
E61 2 items
E62 2 items
F23 2 items
H0 2 items
I1 2 items
I28 2 items
J12 2 items
J20 2 items
J24 2 items
J61 2 items
J62 2 items
N32 2 items
O43 2 items
C80 1 items
D11 1 items
D13 1 items
D15 1 items
D22 1 items
D33 1 items
D42 1 items
D43 1 items
D61 1 items
E20 1 items
E25 1 items
E32 1 items
E40 1 items
E44 1 items
E52 1 items
E64 1 items
F0 1 items
F16 1 items
F41 1 items
F62 1 items
G50 1 items
H22 1 items
H23 1 items
H24 1 items
H51 1 items
H55 1 items
H71 1 items
I10 1 items
I15 1 items
I18 1 items
I21 1 items
I22 1 items
I38 1 items
J14 1 items
J16 1 items
J2 1 items
J22 1 items
J26 1 items
J30 1 items
J32 1 items
J38 1 items
J41 1 items
J50 1 items
J60 1 items
J63 1 items
J68 1 items
J70 1 items
K12 1 items
K30 1 items
K42 1 items
L14 1 items
L86 1 items
M13 1 items
M50 1 items
M55 1 items
N00 1 items
N16 1 items
N23 1 items
N24 1 items
N9 1 items
O11 1 items
O12 1 items
O13 1 items
O15 1 items
O22 1 items
O40 1 items
O41 1 items
O47 1 items
O55 1 items
Q4 1 items
R0 1 items
R30 1 items
R31 1 items
R40 1 items
show more (105)
show less
FILTER BY Keywords
COVID-19 4 items
Human capital 3 items
Immigration 3 items
Local labor markets 3 items
Coronavirus 3 items
Development 2 items
Equilibrium search model 2 items
Gender 2 items
Household finance 2 items
Inequality 2 items
Input-output 2 items
Intergenerational mobility 2 items
Optimal taxation 2 items
Present bias 2 items
Production network 2 items
Regional labor markets 2 items
Self-insurance 2 items
Social insurance 2 items
Technological change 2 items
Wage differentials 2 items
Wage inequality 2 items
Wage risk 2 items
Worker and firm heterogeneity 2 items
Active-set algorithm 1 items
Administrative records 1 items
Agglomeration economies 1 items
Aggregate productivity 1 items
Aging 1 items
Automation 1 items
Borders 1 items
Budget constraints 1 items
Business cycles 1 items
CES production function 1 items
Careers 1 items
Cash transfers 1 items
Child welfare 1 items
Childcare 1 items
Choice architecture 1 items
Climate shocks 1 items
College access 1 items
College subsidies 1 items
Contracts 1 items
Cross-country analysis 1 items
Cross-country income differences 1 items
Data quality 1 items
Defaults 1 items
Demand complementarity 1 items
Demand shocks 1 items
Development accounting 1 items
Difference-in-difference estimation 1 items
Divorce 1 items
Earnings 1 items
Earnings inequality 1 items
Economic geography 1 items
Education 1 items
Education reform 1 items
Elites 1 items
Equality of opportunity 1 items
Ethnicity 1 items
Exponential-growth bias 1 items
Family 1 items
Family law 1 items
Financial aid 1 items
Financial literacy 1 items
Firm dynamics 1 items
Firm heterogeneity 1 items
Fiscal impact 1 items
Foreign firms 1 items
France 1 items
General equilibrium 1 items
Government 1 items
Government benefits 1 items
Greenhouse gasses 1 items
Health 1 items
High-skill services 1 items
Historical micro data 1 items
History 1 items
Household bargaining 1 items
Household portfolios 1 items
Housing crowding 1 items
Income and wealth inequality 1 items
Income distribution 1 items
Income inequality 1 items
Job search 1 items
Labor 1 items
Labor income risk 1 items
Labor market dynamics 1 items
Labor market institutions 1 items
Labor market risk 1 items
Labor mobility 1 items
Labor supply 1 items
Language 1 items
Layoff rates 1 items
Life cycle 1 items
Life-cycle wage growth 1 items
Long-run development 1 items
Luminosity 1 items
Market power 1 items
Matched employer-employee data 1 items
Minimum wage 1 items
Misallocation 1 items
Mobility 1 items
Monetary policy 1 items
Monopsony power 1 items
Moral hazard 1 items
Multidimensional screening 1 items
Multinational enterprises 1 items
Nonlinear pricing 1 items
Online labor markets 1 items
Online ratings 1 items
Parenthood 1 items
Paternalism 1 items
Personnel 1 items
Preference heterogeneity 1 items
Procrastination 1 items
Progressive taxation 1 items
Racial disparities 1 items
Racial inequality 1 items
Redistribution 1 items
Regional integration 1 items
Regions 1 items
Regression discontinuity 1 items
Remote work 1 items
Reputation 1 items
Resettlement 1 items
Retirement 1 items
Retirement saving 1 items
Retirement saving decisions 1 items
Revolution 1 items
Savings 1 items
School access 1 items
Screening 1 items
Selection 1 items
Skill biased 1 items
Skill substitution 1 items
Social Security 1 items
Social norms 1 items
Spatial economics 1 items
Spatial equilibrium 1 items
Spatial wage gaps 1 items
Spillovers 1 items
Spousal earnings 1 items
Startups 1 items
Structural estimation 1 items
Survey misreporting 1 items
TFP 1 items
Tax incidence 1 items
Total factor productivity 1 items
Trade and geography 1 items
Urban 1 items
Urban growth 1 items
Wealth distribution 1 items
Wealth effects 1 items
Worker heterogeneity 1 items
Young-firm pay premium 1 items
show more (151)
show less