Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution the inexperienced and the old have more chance of job failure (mismatch). Recruits' average education should then increase and the standard deviation of starting age decrease when...

An important finding in the rapidly growing literature on self-employment is that the probability of self-employment is substantially higher among the children of business owners than among the children of non-business owners. Using data from the confidential and restrictedaccess Characteristics...

Using a unique sample of new Ph.D. economists in 1987 and 1997, we examine how job seekers and their employers alter their search strategies in strong versus weak markets. The 1987 academic market was strong while the 1997 market was much weaker. A multimarket theory of optimal search suggests...