Labor Economics Commons^™

Economic Conditions And Employment Prospects: Examining The Experiences Of Bryant University Graduates In The Labor Market, Jeffrey Steacie

Honors Projects in History and Social Sciences

Many authors have researched and identified trends in employment during good and bad economic times. The recent financial meltdown warrants a reexamination of these trends to see if they coincide with previous recessions and what lessons can be learned for those graduating and attempting to find employment. This report details the varying circumstances surrounding college graduates as they seek employment during times of both economic prosperity (or booms) and less fortunate times of economic busts (recessions). This is important since these trends may identity both potential roadblocks and benefits for gainful employment and future opportunities. Graduation is also a crucial …

Human Resource Economics And Public Policy: Essays In Honor Of Vernon M. Briggs Jr., Charles J. Whalen Editor

Upjohn Press

This book pays tribute to Vernon Briggs and his enduring mark on the study of human resources. The chapters, by his students and colleagues, explore and extend Briggs’s work on employment, education and training, immigration, and local labor markets. His unwavering emphasis on institutional reality, public policy, and economic dynamics animates the entire collection.

Macroeconomic Determinants Of Worker Remittances To Latin American And The Caribbean Countries, Sathiavanee Veeramoothoo

Honors Projects in Economics

A regression analysis was performed to identify which macroeconomic factors influence the magnitude to worker remittances to over thirty Latin American and Caribbean countries. Age dependency ratio, land area, net migration, labor force, population and unemployment were found to be significant predictors of remittances. A time series exponential model was developed to forecast the level of remittances for the next ten years. The results suggest that remittances to Latin American and Caribbean countries will reach USD 190,810 million in 2018.

Based on the above findings, this paper will help scholars understand better what drives worker remittances in Latin American and …

How Do Firms Interpret A Job Loss? Evidence From The National Longitudinal Survey Of Youth, Stephen M. Kosovich

Faculty Publications

Empirical studies in the job displacement literature have found that workers face significant earnings losses on average, when they are permanently displaced from jobs. Previous research also suggests that the costliness of job loss varies widely. Gibbons and Katz (1991) develop and test a theoretical model in which layoffs provide the market with information concerning the quality of laid off workers, while plant and firm closings do not. Using data from the National Longitudinal Survey of Youth, this paper tests a model that describes how firms can use additional information about job losses to determine worker quality. The results suggest …

A Study Of The Marginal Revenue Product Of Lebron James, Jared Taylor

Honors College Theses

The purpose of this paper is to determine if LeBron James has made the Cleveland Cavaliers basketball team a more profitable business since joining the team in 2003. The principles of labor economics will be applied in determining the marginal revenue product of LeBron James and its relationship to the profits of the Cavaliers. It is the premise of this paper that proper utilization of one input can positively affect a firm’s profitability. An understanding of such a concept can be very useful in showing firm’s how to manage and employ labor in their pursuits of increased revenues.

Labor Supply With Social Interactions: Econometric Estimates And Their Tax Policy Implications, Andrew Grodner, Thomas Kniesner

Center for Policy Research

Our research fleshes out econometric details of examining possible social interactions in labor supply. We look for a response of a person's hours worked to hours worked in the labor market reference group, which includes those with similar age, family structure, and location. We identify endogenous spillovers by instrumenting average hours worked in the reference group with hours worked in neighboring reference groups. Estimates of the canonical labor supply model indicate positive economically important spillovers for adult men. The estimated total wage elasticity of labor supply is 0.22, where 0.08 is the exogenous wage change effect and 0.14 is the …

Taxes, Deadweight Loss And Intertemporal Female Labor Supply: Evidence From Panel Data, Anil Kumar

Center for Policy Research

Very few existing studies have estimated female labor supply elasticities using a U.S. panel data set, although cross-sectional studies abound. Also, most existing studies have done so in a static framework. I make an attempt to fill the gap in this literature by estimating a lifecycle-consistent specification with taxes, in a limited dependent variable framework, on a panel of married females from the PSID. Both parametric random effects and semi parametric fixed effects methods are applied. I find evidence of larger substitution effects than found in female labor supply literature with taxes, suggesting considerable distortionary effects from income taxation. The …

Data Mining Mining Data: Msha Enforcement Efforts, Underground Coal Mine Safety, And New Health Policy Implications, Thomas J. Kniesner, John D. Leeth

Center for Policy Research

Studies of industrial safety regulations, Occupational Safety and Health Administration (OSHA) in particular, often find little effect on worker safety. Critics of the regulatory approach argue that safety standards have little to do with industrial injuries and defenders of the regulatory approach cite infrequent inspections and low fines for violating safety standards. We use recently assembled data from the Mine Safety and Health Administration (MSHA) concerning underground coal mine production, safety inspections, and workplace injuries to shed new light on the regulatory approach to workplace safety. Because all underground coal mines are inspected at least once per quarter, MSHA regulations …

Agglomeration, Labor Supply, And The Urban Rat Race, Stuart S. Rosenthal, William C. Strange

Center for Policy Research

This paper establishes the existence of a previously overlooked relationship between agglomeration and hours worked. Among non-professionals, hours worked decrease with the density of workers in the same occupation. Among professionals, a positive relationship is found. This relationship is twice as strong for the young as for the middle-aged. Moreover, young professional hours worked are shown to be especially sensitive to the presence of rivals. We show that these patterns are consistent with the selection of hard workers into cities and the high productivity of agglomerated labor. The behavior of young professionals is also consistent with the presence of keen …

An Economic Analysis Of Occupational Diversification Among Households In Andhra Pradesh, A Amarender Reddy

A Amarender Reddy

The study examined occupational diversification among rural households in Andhra Pradesh. The specific objectives of the study are: (i) To examine the occupational structure of households in different regions of rural Andhra Pradesh (ii) To assess the level of unemployment, underemployment and poverty in different categories of households (iii) To find out various socio-economic factors affecting employment pattern in different regions and among households, and (iv) To suggest policy measures to reduce unemployment and underemployment. The study is based on National Sample Survey Organisation (NSSO) unit household data from its 50th and 55th rounds on employment and unemployment surveys for …

Cash Constraints And Business Start-Ups: Deutschmarks Versus Dollars, Douglas Holtz-Eakin, Harvey Rosen

Center for Policy Research

In this paper we analyze microdata to explore differences in the rates at which American and German workers leave their salaried jobs to become self-employed. We document that the rate of self-employment is lower in Germany than in the U.S., and the rate of transition from wage-earning to self-employment is lower as well. We find evidence that German workers face liquidity constraints that are more severe than those of their American counterparts. Further, the difference in transition rates cannot be attributed to observable differences between German and American workers.

Of Heart And Mind: Social Policy Essays In Honor Of Sar A. Levitan, Garth L. Mangum Editor, Stephen L. Mangum Editor

Upjohn Press

The essays in this volume, authored by close friends, associates and students of Sar Levitan, pay tribute to the enduring mark he left on the field of social policy. The book is loosely organized around the method of analysis taught and practiced by Levitan: identifying problems through the examination of facts, developing a thorough understanding of institutions, assessing institutional policies, and evaluating policy options.

Economic Linkages: Greater Minnesota And The Twin Cities, Kathy Novak

Journal of the Minnesota Academy of Science

No abstract provided.

On The Decomposition Of Wage Differentials, Jeremiah Cotton

Economics Faculty Publication Series

The often used method for decomposing wage differentials into human capital and discrimination components is reformulated so that both the disadvantage, or "cost," discrimination imposes on a black or minority wage earner and the advantage, or "benefit," it bestows on a white or majority wage earner can be estimated.