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Full-Text Articles in Social and Behavioral Sciences
Is College The New High School? Evidence From Vacancy Postings, Brad Hershbein
Is College The New High School? Evidence From Vacancy Postings, Brad Hershbein
Brad J. Hershbein
Do firms demand more skilled workers in a slack labor market? We use a new database of job vacancy postings, containing a near-universe of electronic posts in U.S. metro areas, collected by the firm Burning Glass over the period 2010-2013. We find evidence of upskilling – firms demanding more skilled workers – when the local unemployment rate is higher, i.e., in places where the recovery following the Great Recession was slower. Our estimates imply that firms demand three-quarters of a year more schooling on average in a large recession compared to a boom. We find that at least two-thirds of …
An Event Study Of Ui Benefit Cuts: Evidence From North Carolina, Brad Hershbein, Christopher O'Leary
An Event Study Of Ui Benefit Cuts: Evidence From North Carolina, Brad Hershbein, Christopher O'Leary
Brad J. Hershbein
On July 1, 2013, North Carolina cut the maximum duration of UI benefits from 63 weeks (or 99 with EUC) to 19 weeks and the maximum weekly payout from $535 to $350. As of January 1, 2014, the EUC program ended nationwide and several states have cut maximum benefits to below 26 weeks. While several newspaper articles and blogs have offered descriptive evidence of the results of North Carolina’s policy change, there has been no rigorous and systematic analysis. Using synthetic control methods pioneered by Abadie, Diamond, and Hainmueller, and CPS data, we will investigate the impact of the UI …