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Keywords:Labor supply 

Journal Article
Income inequality and redistribution in five countries

This article studies income inequality in five countries and compares the redistributive consequences of taxes and transfers across these countries.
Economic Perspectives , Volume 25 , Issue Q II , Pages 2-20

Labor supply in the new century

To explore the labor-supply trends that will affect economic policymaking in the twenty-first century, the Federal Reserve Bank of Boston chose "Labor Supply in the New Century? as the theme for its 52nd Annual Economic Conference held in June 2007. The conference?s six papers and its keynote address by Eugene Steuerle provide a broad overview of the quantity and quality implications of labor-supply trends.
Monograph , Paper 52

Journal Article
The changing labor force: some provocative findings

Female labor force participation rates have been rising rapidly since 1950 while male participation rates (especially for males 55 years and older) have been falling over much of that time. Analysis of participation rates also indicates (1) that the Reagan administrations reductions in marginal tax rates after 1981 had no apparent influence on labor force participation; and (2) that the effects of the so-called discouraged worker effect on labor force participation have been relatively weak.
Economic Review , Volume 75 , Issue Sep , Pages 30-36

Journal Article
Unemployment vs. employment

FRBSF Economic Letter

How Should Tax Progressivity Respond to Rising Income Inequality?

We address this question in a heterogeneous-agent incomplete-markets model featuring exogenous idiosyncratic risk, endogenous skill investment, and flexible labor supply. The tax and transfer schedule is restricted to be log-linear in income, a good description of the US system. Rising inequality is modeled as a combination of skill-biased technical change and growth in residual wage dispersion. When facing shifts in the income distribution like those observed in the US, a utilitarian planner chooses higher progressivity in response to larger residual inequality but lower progressivity in ...
Staff Report , Paper 615

Journal Article
Long-run trends in labor supply

The recent "benign" combination of strong output growth and low inflation has led to speculation that the potential growth rate of real GDP has increased. This paper examines trends in labor supply to see whether this source of GDP growth might have accelerated. Discussions of labor supply often focus on labor force participation. But other considerations--such as the length of the workweek, the amount of time spent away from work and the demographic structure of the population--also have been important in causing trend shifts in labor supply. My ...
Economic Review

Working Paper
The impact of illegal immigration and enforcement on border crime rates

Border crime rates lie consistently below the national average. In the 1990s, however, while there as a large decline in property-related crime along the U.S.-Mexico border, violent crime rates began to converge to the national average. At the same time, legal and illegal immigration from Mexico surged and border enforcement rose to unprecedented levels. In this paper, we investigate the relationship between border county crime rates, immigration and enforcement since the early 1990s. We find that while the volume of illegal immigration is not related to changes in property-related crime, ...
Working Papers , Paper 0303

Working Paper
Does Redistribution Increase Output? The Centrality of Labor Supply

The aftermath of the recent recession has seen numerous calls to use transfers to poorer households as a means to enhance aggregate activity. We show that the key to understanding the direction and size of such interventions lies in labor supply decisions. We study the aggregate impact of short-term redistributive economic policy in a standard incomplete-markets model. We characterize analytically conditions under which redistribution leads to an increase or decrease in effective hours worked, and hence, output. We then show that under the parameterization that matches the wealth distribution ...
Working Paper , Paper 14-4

Journal Article
Explaining unemployment: sectoral vs aggregate shocks

We include a stock market-based measure of sectoral shocks in a small VAR to examine the role played by these shocks in explaining the behavior of the unemployment rate. Sectoral shocks explain a significant proportion of the variation in the unemployment rate - especially the long-duration unemployment rate - even though other kinds of shocks (such as shocks to monetary policy, defense expenditures, and oil prices) are allowed to affect the unemployment rate. A historical decomposition reveals that recession, and they explain only a modest part of the rise in unemployment over the 1990 ...
Economic Review

Journal Article
Foreign residents fill local needs in Bowling Green, Ky.

In cities across the United States, the strong economy has left employers with too few workers for too many vacancies. One small Kentucky town is filling this void with an unlikely labor pool: immigrants.
The Regional Economist , Issue Jan , Pages 14-15



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