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We analyze the gains/losses in wage and in rank position for workers switching firm. Voluntary movers enjoy a wage premium relative to stayers, but that premium declines with rank inside the new firm, indicating that movers are trading-off money and rank.
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We link ATUS 2003-04 to March CPS data and examine market work's effects on non-market activity. In a structural model fixed time costs of work generate a utility-equivalent of 8% of income to be overcome before working becomes optimizing.
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Time-diary data from four countries suggest that differences in market time between the unemployed and employed represent additional leisure, not increased household production. In areas where unemployment is cyclically high, however, reduced market work is offset by additional home production.
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