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Articles 1 - 30 of 34
Full-Text Articles in Economics
New Data Show How Far Graduates Move From Their College, And Why It Matters, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
New Data Show How Far Graduates Move From Their College, And Why It Matters, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Upjohn Institute Policy and Research Briefs
No abstract provided.
Grads On The Go: Measuring College-Specific Labor Markets For Graduates, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Grads On The Go: Measuring College-Specific Labor Markets For Graduates, Johnathan G. Conzelmann, Steven W. Hemelt, Brad J. Hershbein, Shawn Martin, Andrew Simon, Kevin M. Stange
Upjohn Institute Working Papers
This paper introduces a new measure of the labor markets served by colleges and universities across the United States. About 50 percent of recent college graduates are living and working in the metro area nearest the institution they attended, with this figure climbing to 67 percent in-state. The geographic dispersion of alumni is more than twice as great for highly selective 4-year institutions as for 2-year institutions. However, more than one-quarter of 2-year institutions disperse alumni more diversely than the average public 4-year institution. In one application of these data, we find that the average strength of the labor market …
Part 1: Growth Returns, Now Make It Last, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 1: Growth Returns, Now Make It Last, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
There is some good news to report. Hampton Roads gained population but population growth continues to slow. A record number of residents were at work or looking for work in 2023. A record number of residents of the region reported they were employed in 2023. The number of jobs continued to recovery from the depths of the 2020 economic shock, however, a full recovery may not occur until 2024. Economic growth sharply rebounded from the declines of 2020, and we expect growth to continue in 2023. The region’s economic performance, however, continues to lag many of its peers.
Why Has The Median Real Income Of Lawyers Been Declining?, James V. Koch, Barbara Blake-Gonzalez
Why Has The Median Real Income Of Lawyers Been Declining?, James V. Koch, Barbara Blake-Gonzalez
Economics Faculty Publications
The median real incomes of lawyers have been declining. In 2001, the median real income of lawyers in the 50 states plus the District of Columbia was $129,389 (July 2020 prices). Almost two decades later, in 2020, this number had fallen to $126,930, 1.90% less than in 2001. By contrast, the median real income of workers in all occupations together rose 3.93% between 2001 and 2020, while the median real income of the average family practice physician rose 20.15% and the median real income of a typical economist rose 10.9%. We examine both supply and demand influences to explain the …
Common Ownership In Labor Markets, José Azar, Yue Qiu, Aaron Sojourner
Common Ownership In Labor Markets, José Azar, Yue Qiu, Aaron Sojourner
Upjohn Institute Working Papers
In this paper, we study common ownership in U.S. labor markets, and document that common ownership more than doubled over the period 1999–2017. To identify the causal effects of common ownership on labor market outcomes, we use a firm’s addition to the S&P 500 index as a shock to the common ownership of its competitors in local labor markets. Using a matched difference-in-differences analysis, we find that, after a firm enters the S&P 500 index, the average annual earnings per employee of its local competitors decrease relative to the counterfactual. The effect of S&P 500 index additions on employee earnings …
Eco 330: Sports Economics Oer Curation, Chealsye Bowley
Eco 330: Sports Economics Oer Curation, Chealsye Bowley
Curated OER Collections
This OER curation is an annotated bibliography of prospective OER for the GVSU course ECO 330: Sports Economics, assembled by request from the instructor.
Part 1: Inflation, Drones, And The Economy Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 1: Inflation, Drones, And The Economy Of Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Region Reports: Hampton Roads
2022 may be characterized as the “best of times and worst of times.” Unemployment continued to fall, wages continued to rise, and homeowners experienced rises in property values. Hotels continued to rebound from the COVID-19 economic shock and the Port of Virginia experienced record volumes of cargo traffic. On the other hand, prices at the grocery store, gas station, and, it seems, almost everywhere else, continued to rise. Employers struggled to find the right employees at the right time and economic sentiment soured. Russia’s invasion of Ukraine highlighted the continuing revolution in military affairs brought about by drones and other …
Part 5: A Deeper Dive Into The Blacksburg-Christiansburg Metropolitan Area, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 5: A Deeper Dive Into The Blacksburg-Christiansburg Metropolitan Area, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
The Blacksburg-Christiansburg metropolitan statistical area includes the counties of Giles, Montgomery, and Pulaski as well as the independent city of Radford. Virginia Tech, with over 37,000 full-time equivalent students in the 2021–2022 academic year, is not only the largest employer in the metro area, but it continues to expand its reach across the Commonwealth. We highlight how the metro region has fared over the last decade and discuss the prospects for future growth.
The Impact Of The Pandemic On U.S. Labor Markets: Past, Present And Future Concerns, Michael Horrigan
The Impact Of The Pandemic On U.S. Labor Markets: Past, Present And Future Concerns, Michael Horrigan
Presentations
No abstract provided.
Skill Downgrading Among Refugees And Economic Immigrants In Germany: Evidence From The Syrian Refugee Crisis, Plamen Nikolov, Leila Salarpour, David Titus
Skill Downgrading Among Refugees And Economic Immigrants In Germany: Evidence From The Syrian Refugee Crisis, Plamen Nikolov, Leila Salarpour, David Titus
Economics Faculty Scholarship
Upon arrival to a new country, many immigrants face job downgrading, a phenomenon describing workers being in jobs below the ones they have based on the skills they possess. Moreover, in the presence of downgrading immigrants receiving lower wage returns to the same skills compared to natives. The level of downgrading could depend on the immigrant type and numerous other factors. This study examines the determinants of skill downgrading among two types of immigrants – refugees and economic immigrants – in the German labor markets between 1984 and 2018. We find that refugees downgrade more than economic immigrants, and this …
Trade Policy As An Exogenous Shock: Focusing On The Specifics, Andrew Greenland, John W. Lopresti
Trade Policy As An Exogenous Shock: Focusing On The Specifics, Andrew Greenland, John W. Lopresti
Upjohn Institute Working Papers
This paper proposes a novel strategy for identifying the effects of import competition on economic outcomes that avoids standard concerns related to the endogeneity of trade policy and provides a consistent measure of exposure to trade over time. Conditioning on the level of import tariffs, our approach exploits cross-industry differences in the relative importance of specific rather than ad valorem tariffs. As they are expressed in per unit terms rather than as a share of value, the effective protection provided by a given specific tariff varies with price levels. Using digitized tariff line data between 1900 and 1940, we relate …
Globalization, Trade Imbalances, And Labor Market Adjustment, Rafael Dix-Carneiro, João Paulo Pessoa, Ricardo Reyes-Heroles, Sharon Traiberman
Globalization, Trade Imbalances, And Labor Market Adjustment, Rafael Dix-Carneiro, João Paulo Pessoa, Ricardo Reyes-Heroles, Sharon Traiberman
Upjohn Institute Working Papers
We study the role of global trade imbalances in shaping the adjustment dynamics in response to trade shocks. We build and estimate a general equilibrium, multicountry, multisector model of trade with two key ingredients: 1) consumption-saving decisions in each country commanded by representative households, leading to endogenous trade imbalances, and 2) labor market frictions across and within sectors, leading to unemployment dynamics and sluggish transitions to shocks. We use the estimated model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade costs, and intertemporal preferences (savings gluts). We find that modeling trade …
Comments On Three Papers On Labor Market Effects Of Opportunity Zones, Timothy J. Bartik
Comments On Three Papers On Labor Market Effects Of Opportunity Zones, Timothy J. Bartik
Presentations
No abstract provided.
Antitrust: What Counts As Consumer Welfare?, Herbert J. Hovenkamp
Antitrust: What Counts As Consumer Welfare?, Herbert J. Hovenkamp
All Faculty Scholarship
Antitrust’s consumer welfare principle is accepted in some form by the entire Supreme Court and the majority of other writers. However, it means different things to different people. For example, some members of the Supreme Court can simultaneously acknowledge the antitrust consumer welfare principle even as they approve practices that result in immediate, obvious, and substantial consumer harm. At the same time, however, a properly defined consumer welfare principle is essential if antitrust is to achieve its statutory purpose, which is to pursue practices that injure competition. The wish to make antitrust a more general social justice statute is understandable: …
Variability In U.S. Labor Markets: A Presentation To The Workers’ Compensation Research Institute, Michael Horrigan
Variability In U.S. Labor Markets: A Presentation To The Workers’ Compensation Research Institute, Michael Horrigan
Presentations
No abstract provided.
Part 1: A Shock To The System: Covid-19 And Hampton Roads, Dragas Center For Economic Analysis And Policy
Part 1: A Shock To The System: Covid-19 And Hampton Roads, Dragas Center For Economic Analysis And Policy
State of the Region Reports: Hampton Roads
COVID-19 changed how we view the Hampton Roads economy. In January 2020, the region was projected to grow faster than the nation, there were more unfilled jobs than unemployed workers and boosts in defense spending brightened our economic future. By April, however, businesses were closing, jobs were being lost and residents were under a stay-at-home order. We assess the economic toll of the COVID-19 pandemic and examine prospects for the coming year.
Migrants And Refugees: Are They Holding Us Back Or Pushing Us Forward?, Dany Bahar
Migrants And Refugees: Are They Holding Us Back Or Pushing Us Forward?, Dany Bahar
Brookings Scholar Lecture Series
As part of the Brookings Scholar Lecture Series, Brookings Mountain West presents a lecture titled "Migrants and Refugees: Are they holding us back or pushing us forward?" by Brookings Fellow in Global Economy and Development, Dany Bahar. It is often cited that human mobility is key to economic growth and productivity. Evidence also points to the economic costs and benefits of international migration for both the sending and receiving countries. This lecture explores if roads to economic growth and prosperity require restrictions to migration, or quite the contrary.
What Factors Drive Individual Misperceptions Of The Returns To Schooling In Tanzania? Some Lessons For Education Policy, Plamen Nikolov, Nursat Jimi
What Factors Drive Individual Misperceptions Of The Returns To Schooling In Tanzania? Some Lessons For Education Policy, Plamen Nikolov, Nursat Jimi
Economics Faculty Scholarship
Evidence on educational returns and the factors that determine the demand for schooling in developing countries is extremely scarce. Building on previous studies that show individuals underestimating the returns to schooling, we use two surveys from Tanzania to estimate both the actual and perceived schooling returns and subsequently examine what factors drive individual misperceptions regarding actual returns. Using ordinary least squares and instrumental variable methods, we find that each additional year of schooling in Tanzania increases earnings, on average, by 9 to 11 percent. We find that on average individuals underestimate returns to schooling by 74 to 79 percent and …
Part 1: Virginia Breezes Along, But Are There Storm Clouds On The Horizon?, Center For Economic Analysis And Policy, Old Dominion University
Part 1: Virginia Breezes Along, But Are There Storm Clouds On The Horizon?, Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
After an anemic recovery from the Great Recession and sequestration, Virginia’s economy picked up the pace in 2018 and is likely to improve in 2019. We should not, however, grow complacent. There are storm clouds on the horizon. The challenge now is to enact wise policies to foster and sustain economic growth while preparing for the next eventual downturn.
Beyond Moneyball: Changing Compensation In Mlb, Joshua Congdon-Hohman, Jonathan A. Lanning
Beyond Moneyball: Changing Compensation In Mlb, Joshua Congdon-Hohman, Jonathan A. Lanning
Economics Department Working Papers
This study examines the changes in player compensation in Major League Baseball during the last three decades. Specifically, we examine the extent to which recently documented changes in players’ compensation structure based on certain types of productivity fits in with the longer term trends in compensation, and identify the value of specific output activities in different time periods. We examine free agent contracts in three-year periods across three decades and find changes to which players’ performance measures are significantly rewarded in free agency. We find evidence that the compensation strategies of baseball teams increased the rewards to “power” statistics like …
Who Wins In An Energy Boom? Evidence From Wage Rates And Housing, Grant D. Jacobsen
Who Wins In An Energy Boom? Evidence From Wage Rates And Housing, Grant D. Jacobsen
Upjohn Institute Working Papers
This paper presents evidence on the distributional effects of energy extraction by examining the recent U.S. energy boom. The boom increased local wage rates in almost every major occupational category. The increase occurred regardless of whether the occupation experienced a corresponding change in employment, suggesting a more competitive labor market that benefited local workers. Local housing values and rental prices both increased, thereby benefiting landowners. For renters, the increase in prices was completely offset by a contemporaneous increase in income. The results indicate that bans on drilling have negative monetary consequences for a large share of local residents.
Part 2: Northern Virginia: Turning The Corner?, Center For Economic Analysis And Policy, Old Dominion University
Part 2: Northern Virginia: Turning The Corner?, Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
NOVA now accounts for 37 percent of all employment in Virginia, but approximately 45 percent of the value of the Commonwealth’s economic activity. Recent growth in professional and business services employment suggests that the region may have turned the corner toward a more diverse, private sector-oriented economy.
Employment, Unemployment, And Underemployment In Africa, Stephen S. Golub, Faraz Hayat , '14
Employment, Unemployment, And Underemployment In Africa, Stephen S. Golub, Faraz Hayat , '14
Economics Faculty Works
This chapter documents and analyzes the predominance of informal employment in Africa and shows that lack of demand for labor rather than worker characteristics is the main reason for pervasive underemployment. Integration into the global economy and exports of labor-intensive products are vital to boosting the demand for labor in Africa. Africa has some potential to become competitive in light manufacturing, but the most promising avenue for export-led growth of employment in many African countries is agriculture, including traditional cash crops such as cotton, coffee, cocoa, and groundnuts. Traditional cash crops, which are the source of livelihood for millions of …
Beyond Dualism: Multisegmented Labor Markets In Ghana, James Heintz, Fabian Slonimczyk
Beyond Dualism: Multisegmented Labor Markets In Ghana, James Heintz, Fabian Slonimczyk
Economics Department Working Paper Series
Using estimates of earnings functions in Ghana, this paper examines patterns of labor market segmentation with regard to formal and informal employment. Persistent earnings differentials are used as indicators of limited mobility across segments of the employed labor force. We find evidence of labor market segmentation between formal and informal employment and between different categories of informal employment which cannot be fully explained by human capital, physical asset, or credit market variables. We argue that dualist labor market models may not be appropriate for understanding employment dynamics in all circumstances and an approach that recognizes the multi-segmented character of labor …
Do Surges In Less-Skilled Immigration Have Important Wage Effects? A Review Of The U.S. Evidence, David R. Howell
Do Surges In Less-Skilled Immigration Have Important Wage Effects? A Review Of The U.S. Evidence, David R. Howell
PERI Working Papers
This paper reviews a small part of a vast professional literature on the labor market effects of new immigrants. It focuses on recent studies that have employed econometric techniques to estimate wage effects of less-skilled immigrants during the two great American immigration surges (roughly 1870-1914 and 1980 to the present). This literature is fairly consistent in finding that large long-term immigrant surges have at least small negative wage effects for less-advantaged members of the labor force, and that these are likely to be largest for earlier cohorts of foreign-born workers and less-educated African-Americans in major immigrant-receiving regions. While this is …
Inter-Industry Gender Wage Gaps By Knowledge Intensity: Discrimination And Technology In Korea, William C. Horrace, Beyza P. Ural, Jin Hwa Jung
Inter-Industry Gender Wage Gaps By Knowledge Intensity: Discrimination And Technology In Korea, William C. Horrace, Beyza P. Ural, Jin Hwa Jung
Center for Policy Research
A new gender wage gap decomposition methodology is introduced that does not suffer from the identification problem caused by unobserved non-discriminatory wage structure. The methodology is used to measure the relative size of Korean gender wage gaps from 1994 to 2000 across industries, differentiated by industrial knowledge intensity, where knowledge intensity is the extent to which industries produce or employ high-technology products. Korea represents an important case study, since it possesses one of the fast growing knowledge-intensive economies, among industrialized countries. Empirical results indicate that over this period, discrimination (the unexplained portion of the gender wage gaps) in Korea was …
Measuring Underemployment At The County Level, Mark C. Berger, Christopher Bollinger, Paul Coomes
Measuring Underemployment At The County Level, Mark C. Berger, Christopher Bollinger, Paul Coomes
University of Kentucky Center for Poverty Research Discussion Paper Series
As labor markets tightened in the last half of the nineties, economic development and community leaders sought to identify more locally available workers than were indicated by published statistics. Using results from commissioned surveys, they pointed to large numbers of part-time workers who desired full-time work, and to full-time workers who were qualified for better jobs. These statistics were often used to negate low official unemployment rates that deterred firms, concerned by the ostensible shortage of workers, from locating in their counties. We have conducted a larger, statewide, survey of underemployment and linked it to the detailed demographic and labor …
Does Free Trade Cause Hunger? Hidden Implications Of The Ftaa, Jonathan B. Wight
Does Free Trade Cause Hunger? Hidden Implications Of The Ftaa, Jonathan B. Wight
Economics Faculty Publications
Voluntary free trade has the potential, slowly and gradually over time, to create "general opulence" because it allows workers to acquire greater competency and specialization: in a word, workers become more productive. The creation of a Free Trade Area of the Americas (FTAA) would expand market areas and thereby potentially contribute to raising future living standards of workers. This paper seeks to analyze the theoretical basis for trade, provide an economic overview of FTAA countries, and analyze the winners and losers from trade.
Are Worker's Wages Driven By National Or Local Factors?, Dwight Adamson, David Clark, Mark Partridge
Are Worker's Wages Driven By National Or Local Factors?, Dwight Adamson, David Clark, Mark Partridge
Economics Staff Paper Series
Previous studies of the linkage of national and regional labor markets have focused on aggregate employment growth and migration. By focusing on the separate effects of national and regional labor market economic conditions on wages, this study differs from much of the previous literature. In particular, this paper will extend the previous literature in two key directions. First, it will explore whether local economic activity and location-specific amenities have different effects on metropolitan and nonmetropolitan area wages. Second, it will determine whether these effects on workers varied by education level between metro and nonmetro workers. These issues will be explored …
Individual Characteristics, Spatial Labor Market Differences, And Amenity Influences On Nonmetro/Metro Migration Patterns, Dwight Adamson, David Clark, Mark Partridge
Individual Characteristics, Spatial Labor Market Differences, And Amenity Influences On Nonmetro/Metro Migration Patterns, Dwight Adamson, David Clark, Mark Partridge
Economics Staff Paper Series
Previous studies of the linkage of national and regional labor markets have focused on aggregate employment growth and migration. By focusing on the separate effects of national and regional labor market economic conditions on wages, this study differs from much of the previous literature. In particular, this paper will extend the previous literature in two key directions. First, it will explore whether local economic activity and location-specific amenities have different effects on metropolitan and nonmetropolitan area wages. Second, it will determine how regional labor markets and locality amenities affect metro and non-metro migration of workers. These issues will be explored …