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Working Paper
Identification of search models with initial condition problems
Nagaraja, H. N.; Barlevy, Gadi (2006)
This paper extends previous work on the identification of search models in which observed worker productivity is imperfectly observed. In particular, it establishes that these models remain identified even when employment histories are left-censored (i.e. we do not get to follow workers from their initial job out of unemployment), as well as when workers set different reservation wages from one another. We further show that allowing for heterogeneity in reservation can affect the empirical estimates we obtain, specifically estimates of the rate at which workers receive job offers.
Working Paper Series , Paper WP-06-03

Discussion Paper
Smart places, getting smarter: facts about the young professional population in New England states
Brome, Heather (2009)
Each of the New England states is wrestling with how to retain a skilled workforce and sustain economic competitiveness while facing an aging population. In particular, each state fears that it is losing young, educated workers to other states and regions. This paper builds on earlier research about trends in the region?s young professionals: it looks at the supply of young professionals in each state to better understand trends in that population. The analysis reveals that, while there are some differences between the New England states, all are facing slow growth or no growth in its ...
New England Public Policy Center Discussion Paper , Paper 09-1

Journal Article
Strategies for improving economic mobility of workers: a conference report
Toussaint-Comeau, Maude (2008-09)
The issue of economic opportunity for the disadvantaged has grown in importance. We?ve witnessed healthy job creation rates in recent years, and by almost all measures American workers, overall, have gained economic ground. Yet, at the same time, it?s also well known that inequality in economic outcomes has increased. Those at the bottom of the income distribution have not grown as fast as those on the top, and may even be stagnating. These trends imply that segments of the labor force have relatively more limited chances for economic mobility.
Profitwise , Issue Sep , Pages 1-10

Working Paper
Moving to a job: The role of home equity, debt, and access to credit
Luengo-Prado, Maria Jose; Demyanyk, Yuliya; Hryshko, Dmytro; Sorensen, Bent E. (2013)
Using credit report data from two of the three major credit bureaus in the United States, we infer with high certainty whether households move to other labor markets defined by metropolitan areas. We estimate how moving patterns relate to labor market conditions, personal credit, and homeownership using panel regressions with fixed effects which control for all constant individual-specific traits. We interpret the patterns through simulations of a dynamic model of consumption, housing, and location choice. We find that homeowners with negative home equity move more than other homeowners, in ...
Working Papers (Old Series) , Paper 1305

Working Paper
The Long-Lived Cyclicality of the Labor Force Participation Rate
Coglianese, John M.; Montes, Joshua; Cajner, Tomaz (2021-07-30)
How cyclical is the U.S. labor force participation rate (LFPR)? We examine its response to exogenous state-level business cycle shocks, finding that the LFPR is highly cyclical, but with a significantly longer-lived response than the unemployment rate. The LFPR declines after a negative shock for about four years—well beyond when the unemployment rate has begun to recover—and takes about eight years to fully recover after the shock. The decline and recovery of the LFPR is largely driven by individuals with home and family responsibilities, as well as by younger individuals spending time ...
Finance and Economics Discussion Series , Paper 2021-047

Working Paper
Intergenerational economic mobility in the U.S., 1940 to 2000
Aaronson, Daniel; Mazumder, Bhashkar (2005)
We use two sample instrumental variables to estimate intergenerational economic mobility from 1940 to 2000. We find intergenerational mobility increased from 1940 to 1980 but declined sharply thereafter, a pattern similar to cross-sectional inequality trends. However, the returns to education account for only some of these patterns. The time- series may help to reconcile previous findings in the intergenerational mobility literature. Our estimates imply a somewhat different pattern for the intergenerational income correlation, a measure insensitive to changes in cross-sectional inequality ...
Working Paper Series , Paper WP-05-12

Journal Article
On the move: California employment law and high-tech development
Valletta, Robert G. (2002)
FRBSF Economic Letter

Working Paper
Employment flows, capital mobility, and policy analysis
Veracierto, Marcelo (2000)
This paper extends Hopenhayn and Rogerson's analysis of firing taxes by introducing a flexible form of capital and considering transitionary dynamics. The paper finds that capital is not important for understanding the long run and welfare effects of firing taxes. However, capital is crucial for determining the short run consequences of eliminating this type of policy.
Working Paper Series , Paper WP-00-5

Journal Article
Health insurance and the U.S. labor market
Buchmueller, Thomas C.; Valletta, Robert G. (1998)
FRBSF Economic Letter

Working Paper
Spatial Wage Gaps in Frictional Labor Markets
Porzio, Tommaso; Heise, Sebastian (2019-12-23)
We develop a job ladder model with labor reallocation across firms and regions, and estimate it on matched employer-employee data to study the large and persistent real wage gap between East and West Germany. We find that the wage gap is mostly due to firms paying higher wages per efficiency unit in West Germany and quantify a rich set of frictions preventing worker reallocation across space and across firms. We find that three spatial barriers impede East Germans’ ability to migrate West: migration costs, a preference to live in the East, and fewer job opportunities received from the West. ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 29

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