LERA Best Papers VI: Worker Preferences, Sorting, and Mismatch
Sunday, Jan. 8, 2023 1:00 PM - 3:00 PM (CST)
- Chair: Brad Hershbein, W.E. Upjohn Institute for Employment Research
Who Continues to Work from Home?
AbstractThe COVID-19 pandemic has made working from home a new norm of our society. While more and more people are vaccinated and people are recovering from the pandemic, many of us cannot wait to return to our traditional work norm. Yet, many continue working from home. Who continues to work from home is a question that employers and hiring managers would like to figure out. It is not only important to human resource management, but also critical to business resource allocation, budgeting, and planning. This paper first builds a straightforward theory based on firms' profit maximization theory and individual workers' utility maximization theory and then adopt multilevel causal-inferential modeling to test the relevant factors leading to continued working from home. The study relies on a well-representative up-to-date real-time microdata sample from the US Census Bureau. Multiple individual attributes and contextual socioeconomic factors are identified with nuances for policy implications.
JEL: J22, J28, L16
A Comparison of Living Standards Across the United States of America
AbstractWe use an expected utility model to examine how living standards, or welfare, vary across the United States and how each state's welfare has evolved over time, accounting for cross-state variations in mortality, consumption, education, leisure, and inequality. We find considerable cross-state heterogeneity in welfare levels. This is robust to allowing for endogenous interstate migration and to computing welfare conditional on education, gender, and race. Although states experienced heterogeneous welfare growth rates between 1999 and 2015 (1.68-3.73% per year), there is no evidence of convergence in welfare levels, including during the subperiods preceding and following the Great Recession.
University of Virginia
Pennsylvania State University
Federal Reserve Bank of Atlanta
- J0 - General
- J3 - Wages, Compensation, and Labor Costs