We employ the model used by Fraker, Moffitt, and Wolf (1985) to estimate effective tax rates and guarantees in the Aid to Families with Dependent Children (AFDC) program for the years 1967-82 to produce comparable estimates for 1983-91. We compare this method of benefit prediction with other...

This paper analyzes a new estimator for the structural parameters of dynamic models of discrete choice. Based on an inversion theorem due to V. J. Hotz and R. Miller (1993), which establishes the existence of a one-to-one mapping between the conditional valuation functions for the dynamic...

Human capital theory predicts that individuals acquire less schooling when the returns to schooling are small. To test this theory, the authors study the effect of the Appalachian coal boom on high school enrollments. During the 1970s, a boom in the coal industry increased the earnings of high...

As women have entered the work force and occupational sex segregation has declined, workers experience increased contact with the opposite sex on the job. The sex mix a worker encounters on the job should affect the cost of search for alternative mates and therefore the probability of divorce....