Search Results
Showing results 1 to 10 of approximately 46.
(refine search)
Working Paper
The Baby Boomers and the Productivity Slowdown
Vandenbroucke, Guillaume
(2018-12-01)
The entry of baby boomers into the labor market in the 1970s slowed growth for physical and human capital per worker because young workers have little of both. Thus, the baby boom could have contributed to the 1970s productivity slowdown. I build and calibrate a model a la Huggett et al. (2011) with exogenous population and TFP to evaluate this theory. The baby boom accounts for 75% of the slowdown in the period 1964-69, 25% in 1970-74 and 2% in 1975-79. The retiring of baby boomers may cause a 2.8pp decline in productivity growth between 2020 and 2040, ceteris paribus.
Working Papers
, Paper 2018-37
Working Paper
The Great Migration and Educational Opportunity
Baran, Cavit; Chyn, Eric; Stuart, Bryan
(2022-02-08)
This paper studies the impact of the First Great Migration on children. We use the complete count 1940 Census to estimate selection-corrected place effects on education for children of Black migrants. On average, Black children gained 0.8 years of schooling (12 percent) by moving from the South to the North. Many counties that had the strongest positive impacts on children during the 1940s offer relatively poor opportunities for Black youth today. Opportunities for Black children were greater in places with more schooling investment, stronger labor market opportunities for Black adults, more ...
Working Papers
, Paper 22-04
Report
Do colleges and universities increase their region's human capital?
Abel, Jaison R.; Deitz, Richard
(2009-10-01)
We investigate whether the degree production and research and development (R&D) activities of colleges and universities are related to the amount and types of human capital present in the metropolitan areas where the institutions are located. We find that degree production has only a small positive relationship with local stocks of human capital, suggesting that migration plays an important role in the geographic distribution of human capital. Moreover, we show that spillovers from academic R&D activities tilt the structure of local labor markets toward occupations requiring innovation and ...
Staff Reports
, Paper 401
Working Paper
Firms as Learning Environments: Implications for Earnings Dynamics and Job Search
Gregory, Victoria
(2021-01-28)
This paper demonstrates that heterogeneity in firms’ promotion of human capital accumulation is an important determinant of life-cycle earnings inequality. I use administrative micro data from Germany to show that different establishments offer systematically different earnings growth rates for their workers. This observation suggests that that the increase in inequality over the life cycle reflects not only inherent worker variation, but also differences in the firms that workers happen to match with over their lifetimes. To quantify this channel, I develop a life-cycle search model with ...
Working Papers
, Paper 2020-036
Why Human Capital Matters Why Human Capital Matters
Monge-Naranjo, Alexander
(2020-10-13)
An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy
Discussion Paper
How Colleges and Universities Can Help Their Local Economies
Abel, Jaison R.; Deitz, Richard
(2012-02-13)
Policymakers are increasingly viewing colleges and universities as important engines of growth for their local areas. In addition to having direct economic impacts, these institutions help to raise the skills of an area’s workforce (its local “human capital”), and they do this in two ways. First, by educating potential workers, they increase the supply of human capital in a region. Perhaps less obviously, these schools can also raise a region’s demand for human capital by helping local businesses create jobs for skilled workers. In this post, we draw on our recent academic research ...
Liberty Street Economics
, Paper 20120213
Working Paper
Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations
Monge-Naranjo, Alexander; Dvorkin, Maximiliano
(2019-04-23)
We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to quantitatively assess the aggregate impact of automation and other task-biased technological innovations. We extend recent quantitative general equilibrium Roy models to a setting with dynamic occupational choices and human capital accumulation. We provide a set of conditions for the problem of workers to be written in recursive form and provide a sharp characterization for the optimal mobility of individual workers and for the aggregate supply ...
Working Papers
, Paper 2019-13
Working Paper
The Optimal Taxation of Business Owners
Phelan, Tom
(2019-11-19)
Business owners in the United States are disproportionately represented among the very wealthy and are exposed to substantial idiosyncratic risk. Further, recent evidence indicates business income primarily reflects returns to the human (rather than financial) capital of the owner. Motivated by these facts, this paper characterizes the optimal taxation of income and wealth in an environment where business income depends jointly on innate ability, luck, and the accumulated past effort exerted by the owner. I show that in (constrained) efficient allocations, more productive entrepreneurs ...
Working Papers
, Paper 19-26
Newsletter
Automation and the Minimum Wage
Wolla, Scott A.; Burton, F. Mindy
(2021-11-01)
This issue explains how a higher mandated minimum wage may lead some firms to substitute capital for labor, likely reducing job opportunities.
Page One Economics Newsletter
Working Paper
The gap between the conditional wage distributions of incumbents and the newly hired employees: decomposition and uniform ordering
Maasoumi, Esfandiar; Pitts, M. Melinda; Wu, Ke
(2014-11-01)
We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups. These go beyond the usual Oaxaca-Blinder decompositions at the (linear) conditional means. Much like quantiles, these entropic distances are well defined inferential objects and functions whose statistical properties have recently been developed. Going beyond these strong rankings and distances, we ...
FRB Atlanta Working Paper
, Paper 2014-22
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 16 items
Federal Reserve Bank of New York 11 items
Federal Reserve Bank of Atlanta 6 items
Federal Reserve Bank of Cleveland 3 items
Federal Reserve Bank of Philadelphia 3 items
Federal Reserve Bank of Boston 2 items
Federal Reserve Bank of Chicago 2 items
Board of Governors of the Federal Reserve System (U.S.) 1 items
Federal Reserve Bank of Dallas 1 items
Federal Reserve Bank of Richmond 1 items
show more (5)
show less
FILTER BY Series
Working Papers 17 items
Staff Reports 7 items
FRB Atlanta Community and Economic Development Discussion Paper 4 items
Liberty Street Economics 4 items
On the Economy 3 items
FRB Atlanta Working Paper 2 items
Working Paper Series 2 items
Cascade 1 items
Current Policy Perspectives 1 items
Econ Focus 1 items
Finance and Economics Discussion Series 1 items
Globalization Institute Working Papers 1 items
Page One Economics Newsletter 1 items
Working Papers (Old Series) 1 items
show more (9)
show less
FILTER BY Content Type
Working Paper 24 items
Discussion Paper 8 items
Report 8 items
Journal Article 2 items
Newsletter 1 items
FILTER BY Author
Abel, Jaison R. 7 items
Deitz, Richard 5 items
Ozkan, Serdar 4 items
Ruder, Alexander 4 items
Karahan, Fatih 3 items
Song, Jae 3 items
Vandenbroucke, Guillaume 3 items
Dvorkin, Maximiliano 2 items
Gabe, Todd M. 2 items
Gregory, Victoria 2 items
Leukhina, Oksana 2 items
Monge-Naranjo, Alexander 2 items
Phelan, Tom 2 items
Sabelhaus, John Edward 2 items
Thompson, Jeffrey P. 2 items
Wiswall, Matthew 2 items
Yannelis, Constantine 2 items
Zafar, Basit 2 items
http://fedora:8080/fcrepo/rest/objects/authors/ 2 items
Altig, David E. 1 items
Audoly, Richard 1 items
Baran, Cavit 1 items
Barrow, Lisa 1 items
Benzoni, Luca 1 items
Birken, Brittany 1 items
Burton, F. Mindy 1 items
Carrington, William J. 1 items
Chakrabarti, Rajashri 1 items
Chiang, Yu-Ting 1 items
Chyn, Eric 1 items
Chyruk, Olena 1 items
De Pace, Federica 1 items
Fallick, Bruce 1 items
Fang, Lei 1 items
Fella, Giulio 1 items
Fos, Vyacheslav 1 items
Fuller, Brandon 1 items
Geraghty, Thomas 1 items
Greenwood, Jeremy 1 items
Guner, Nezih 1 items
Hendricks, Lutz 1 items
Huang, Yi 1 items
Ilin, Elias 1 items
Koreshkova, Tatyana 1 items
LaBelle, Jesse 1 items
Lentz, Rasmus 1 items
Liberman, Andres 1 items
Looney, Adam 1 items
Loungani, Prakash 1 items
Maasoumi, Esfandiar 1 items
Marks, Cassandra 1 items
Mokher, Christine 1 items
Nie, Jun 1 items
Nielsen, Eric R. 1 items
Pitts, M. Melinda 1 items
Roys, Nicolas 1 items
Sartain, Lauren 1 items
Singleton, Theresa 1 items
Stolarick, Kevin 1 items
Stuart, Bryan 1 items
Terry, Ellyn 1 items
Wang, Gewei 1 items
Wolla, Scott A. 1 items
Wu, Ke 1 items
show more (59)
show less
FILTER BY Jel Classification
J24 28 items
E24 11 items
J31 9 items
J64 5 items
D14 4 items
D63 4 items
J08 4 items
I21 3 items
I23 3 items
I38 3 items
J00 3 items
J15 3 items
J16 3 items
J62 3 items
D31 2 items
D61 2 items
E62 2 items
H52 2 items
H81 2 items
J13 2 items
J32 2 items
J63 2 items
O18 2 items
R11 2 items
C14 1 items
C18 1 items
C43 1 items
D1 1 items
D13 1 items
D21 1 items
D43 1 items
D81 1 items
D82 1 items
D83 1 items
D84 1 items
E2 1 items
E21 1 items
E25 1 items
F10 1 items
F14 1 items
F16 1 items
F66 1 items
G10 1 items
G12 1 items
G28 1 items
H75 1 items
I20 1 items
I24 1 items
I26 1 items
I28 1 items
I31 1 items
J0 1 items
J1 1 items
J10 1 items
J11 1 items
J12 1 items
J22 1 items
J23 1 items
J26 1 items
J3 1 items
J33 1 items
J41 1 items
J45 1 items
J6 1 items
J61 1 items
N32 1 items
O1 1 items
O14 1 items
O33 1 items
O4 1 items
O40 1 items
R1 1 items
R10 1 items
R12 1 items
R23 1 items
Z1 1 items
show more (71)
show less
FILTER BY Keywords
human capital 46 items
inequality 6 items
skills 5 items
labor markets 4 items
Pareto tails 3 items
college wage premium 3 items
education 3 items
heterogeneity 3 items
life-cycle earnings risk 3 items
lifetime earnings 3 items
lifetime income inequality 3 items
provision and effects of welfare programs 3 items
returns to education 3 items
search frictions 3 items
Job ladder 3 items
Optimal taxation 2 items
automation 2 items
baby boom 2 items
benefits cliffs 2 items
college majors 2 items
earnings dynamics 2 items
effective marginal tax rates 2 items
fertility 2 items
firms 2 items
gender 2 items
higher education 2 items
inheritance 2 items
knowledge spillovers 2 items
labor 2 items
local economic development 2 items
moral hazard 2 items
optimal contracting 2 items
pensions 2 items
physical capital 2 items
racial wealth gap 2 items
retirement plans 2 items
search 2 items
workforce development 2 items
Dynamic Roy models 2 items
ACT assessment 1 items
Achievement inequality 1 items
Assortative mating 1 items
Demography 1 items
Displaced workers 1 items
Great Migration 1 items
Regional economy 1 items
Wage contracts 1 items
affirmative action 1 items
aggregate productivity 1 items
aggregation 1 items
anchoring 1 items
baby bust 1 items
career change 1 items
childcare 1 items
college admissions 1 items
college quality 1 items
compensating differentials 1 items
counterfactual analysis 1 items
credit constraints 1 items
credit expansion 1 items
earned income tax credit 1 items
earnings 1 items
earnings disparities 1 items
earnings loss 1 items
employment 1 items
family economics 1 items
female labor force participation 1 items
female labor supply 1 items
financial capital 1 items
firm heterogeneity 1 items
frictional labor markets 1 items
gender wage gap 1 items
general equilibrium 1 items
household income inequality 1 items
household production 1 items
industry 1 items
international trade 1 items
investment 1 items
job loss 1 items
knowledge 1 items
labor income 1 items
labor supply 1 items
loan default 1 items
macroeconomics 1 items
male workers 1 items
manufacturing 1 items
marginal costs 1 items
marriage 1 items
marriage and divorce 1 items
matching 1 items
matching model 1 items
measurement of inequality 1 items
metric entropy distance 1 items
migration 1 items
minimum wages 1 items
new economy 1 items
nominal 1 items
occupational mobility 1 items
occupations 1 items
on-the-job investment 1 items
on-the-job search 1 items
optimal contract design 1 items
ordinal statistics 1 items
place effect. 1 items
premarital sex 1 items
price floor 1 items
productivity 1 items
productivity slowdown 1 items
promotion 1 items
quality-quantity tradeoff 1 items
quantitative theory 1 items
selection bias 1 items
single mothers 1 items
social capital 1 items
social change 1 items
social mobility 1 items
sorting 1 items
spatial equilibrium 1 items
stochastic dominance 1 items
stock market 1 items
student debt 1 items
student loans 1 items
subjective expectations 1 items
surplus 1 items
survey paper 1 items
teachers certification 1 items
technological change 1 items
technological progress 1 items
timely topics 1 items
trade 1 items
training 1 items
tuition 1 items
uncertainty 1 items
underemployment 1 items
unemployment 1 items
unemployment insurance benefits 1 items
unemployment risk 1 items
unskilled 1 items
urban-rural 1 items
vocational education 1 items
wage dispersion 1 items
wage distributions 1 items
wage gaps 1 items
wages 1 items
wealth 1 items
wealth inequality 1 items
women’s rights 1 items
workplace preferences 1 items
youth 1 items
show more (146)
show less