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estimation of our model challenging, because we cannot observe the inputs into her decision process. Nevertheless, we are able to …
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, producers are larger in larger markets, even after controlling for differences between markets' demographic and factor prices …
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consumers in the form of higher prices. Whereas the competitive model implies that employment falls and prices rise in response … to an increase in the minimum wage, the monopsony model potentially implies that employment can rise and prices fall in … response to an increase in the minimum wage. Previous research shows that prices rise in response to an increase in the minimum …
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"This paper proposes a methodology for estimating job search models that does not require either functional form assumptions or ruling out the presence of unobserved variation in worker ability. In particular, building on existing results from record- value theory, a branch of statistics that...
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"This paper estimates the returns to retraining for older displaced workers--those 35 or older--by estimating the impact that community college schooling has on their subsequent earnings. Our analysis relies on longitudinal administrative data covering workers who were displaced from jobs in...
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