Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging

By Marco Di Maggio, Amir Kermani, Benjamin J. Keys, Tomasz Piskorski, Rodney Ramcharan, Amit Seru, and Vincent Yao

American Economic Review, November 2017

Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in car purchases (up to 35 percent). This effect is attenuated by vol...

The Employment Consequences of Wrongful-Discharge Laws: Large, Small, or None at All?

By David H. Autor, John J. Donohue, and Stewart J. Schwab

American Economic Review, May 2004

What We Know and Do Not Know about the Natural Rate of Unemployment

[Symposium: The Natural Rate of Unemployment]

By Olivier Blanchard and Lawrence F. Katz

Journal of Economic Perspectives, Winter 1997

Over the past three decades, much research has attempted to identify the determinants of the natural rate of unemployment. The authors reach two main conclusions about this body of work. First, there has been considerable theoretical progress over the pas...

Does Monetary Policy Affect Relative Educational Unemployment Rates?

By Philip N. Jefferson

American Economic Review, May 2005

New Estimates of the Impact of Child Disability on Maternal Employment

By Elizabeth T. Powers

American Economic Review, May 2001

Aggregate Employment Fluctuations with Microeconomic Asymmetries

By Jeffrey R. Campbell and Jonas D. M. Fisher

American Economic Review, December 2000

We provide a simple explanation for the observation from the U.S. manufacturing sector that the job destruction rate fluctuates more than the job creation rate. In our model, proportional plant-level costs of creating and destroying jobs cause shrinking p...

Coming to America: Does Having a Developed Home Country Matter for Self-Employment in the United States?

By Ruth Uwaifo Oyelere and Willie Belton

American Economic Review, May 2012

This research examines the relationship between the economic status of an immigrant's home country and the probability of self-employment in the US. We find that immigrants from developing countries on average have lower self-employment probabilities rela...

Environmental Regulation and Labor Reallocation: Evidence from the Clean Air Act

By W. Reed Walker

American Economic Review, May 2011

This paper uses newly available data on plant level regulatory status linked to the Census Longitudinal Business Database to measure the impact of changes in county level environmental regulations on plant and sector employment levels. Estimates from a va...

Battle Scars? The Puzzling Decline in Employment and Rise in Disability Receipt among Vietnam Era Veterans

By David H. Autor, Mark G. Duggan, and David S. Lyle

American Economic Review, May 2011

Using Current Population Survey and US Army administrative data, we document that between 2000 and 2010, the employment rate of Vietnam era veterans fell markedly relative to non-veterans of the same cohorts while simultaneously their enrollment increased...

The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn't Matter

By Christina D. Romer and David H. Romer

American Economic Review, May 2013

Monetary policy-makers' beliefs about how the economy functions are a key determinant of the conduct of policy. That monetary policy has little impact under the prevailing circumstances is a belief which has resurfaced periodically over the Federal Reserv...

Implementing Anti-discrimination Policies in Statistical Profiling Models

By Devin G. Pope and Justin R. Sydnor

American Economic Journal: Economic Policy, August 2011

How should statistical models used for assigning prices or eligibility be implemented when there is concern about discrimination? In many settings, factors such as race, gender, and age are prohibited. However, the use of variables that correlate with the...

Wages and Employment in the United States and Germany: What Explains the Differences?

By Paul Beaudry and David A. Green

American Economic Review, June 2003

Over the last 20 years the wage-education relationships in the United States and Germany have evolved very differently, while the education compositions of employment have evolved in a parallel fashion. In this paper, we show how these patterns shed light...

Evaluating the Worker Profiling and Reemployment Services System Using a Regression Discontinuity Approach

By Dan A. Black, Jose Galdo, and Jeffrey A. Smith

American Economic Review, May 2007

The National Longitudinal Surveys

By Michael R. Pergamit, Charles R. Pierret, Donna S. Rothstein, and Jonathan R. Veum

Journal of Economic Perspectives, Spring 2001

This article describes the design features and topical coverage of the National Longitudinal Surveys (NLS). The NLS are perhaps the oldest and most widely used panel surveys of individuals in the United States. These surveys were started in the mid-1960s ...

The Long and Short of the Canada-U. S. Free Trade Agreement

By Daniel Trefler

American Economic Review, September 2004

The Canada-U. S. Free Trade Agreement provides a unique window onto the effects of a reciprocal trade agreement on an industrialized economy (Canada). For industries that experienced the deepest Canadian tariff cuts, the contraction of low-productivity pl...

The Changing Distributions of New Ph.D. Economists and Their Employment: Implications for the Future

By Ronald G. Ehrenberg

Journal of Economic Perspectives, Summer 1999

This essay addressed the changing demographic composition of new Ph.D.s in economics and the changing distribution of the jobs that they are obtaining. It discusses how future trends may interact to influence the types of training that economists may prov...

The Effects of School Calendar Type on Maternal Employment across Racial Groups: A Story of Child Care Availability

By Jennifer Graves

American Economic Review, May 2013

This paper presents evidence that school districts' use of an alternative academic calendar, the year-round school calendar, results in a reduction in maternal employment for women with school-aged children that varies in magnitude across racial groups. N...

Disability Insurance and the Great Recession

By Nicole Maestas, Kathleen J. Mullen, and Alexander Strand

American Economic Review, May 2015

The US Social Security Disability Insurance (SSDI) program is designed to provide income support to workers who become unable to work because of a severe, long-lasting disability. In this study, we use administrative data to estimate the effect of labor m...

What Do Instrumental Variable Models Deliver with Discrete Dependent Variables?

By Andrew Chesher and Adam M. Rosen

American Economic Review, May 2013

We compare nonparametric instrumental variables (IV) models with linear models and 2SLS methods when dependent variables are discrete. A 2SLS method can deliver a consistent estimator of a Local Average Treatment Effect but is not informative about other ...

The Ins and Outs of European Unemployment

By Barbara Petrongolo and Christopher A. Pissarides

American Economic Review, May 2008