Measuring occupational mobility from the Current Population Survey using recall (retrospective) or linked panel responses (longitudinal) generates substantially different outcomes, both in levels and trends. Using a generalized method of moments technique, we estimate the actual level of...

We document two empirical phenomena. First, the observational wage returns to hours worked within occupation is small, and even negative in some specifications. Second, the wage return to average hours worked across occupations is large. We develop a conceptual framework that reconciles these...

We argue that the input-output network of investment goods across sectors is an important propagation mechanism for understanding business cycles. First, we show that the empirical network is dominated by a few “investment hubs” that produce the majority of investment goods, are highly...

We argue that the input-output network of investment goods across sectors is an important propagation mechanism for understanding business cycles. First, we show that the empirical network is dominated by a few “investment hubs” that produce the majority of investment goods, are highly...

We document two empirical phenomena. First, the observational wage returns to hours worked within occupation is small, and even negative in some specifications. Second, the wage return to average hours worked across occupations is large. We develop a conceptual framework that reconciles these...

Measuring occupational mobility from the Current Population Survey using recall (retrospective) or linked panel responses (longitudinal) generates substantially different outcomes, both in levels and trends. Using a generalized method of moments technique, we estimate the actual level of...

Prior research suggests that gender differences in hours worked play an important role in the gender pay gap. Yet common estimates of the wage returns to hours worked are close to zero, implying that hours differences cannot account much for the gender wage gap, even though men work more hours...