Using National Longitudinal Survey of Youth data, the authors examine the effect of smoking on wages. Their analysis controls for differences in individual characteristics that may be correlated with both smoking and wages, including unobservable person-specific characteristics that are constant...

The authors examine the relationship between stock market performance and retirement behavior. They first present a descriptive analysis of the wealth holdings of older households and simulate the labor supply response among stockholders necessary to generate observed retirement patterns. Few...

Using National Longitudinal Survey of Youth data, the authors examine the effect of smoking on wages. Their analysis controls for differences in individual charaeteristics that may be correlated with both smoking and wages, including unobservable person-specific characteristics that are constant...

The authors examine the relationship between stock market performance and retirement behavior. They first present a descriptive analysis of the wealth holdings of older households and simulate the labor supply response among stockholders necessary to generate observed retirement patterns. Few...

This paper examines the effect of changing the level of unemployment insurance (UI) benefits on workers who do not receive UI. The author hypothesizes a spillover effect between insured and uninsured workers whereby an increase in UI benefits, which leads to longer durations of unemployment for...

We investigate trends in the U.S. rate of teen childbearing between 1981 and 2010, giving particular attention to the sizable decline that has occurred since 1991. Our primary focus is on establishing the role of state-level demographic changes, economic conditions, and targeted policies in...

This paper examines two aspects of teen childbearing in the United States. First, it reviews and synthesizes the evidence on the reasons why teen birth rates are so uniquely high in the United States and especially in some states. Second, it considers why and how it matters. We argue that...

This paper, written by the members of the American Economic Association (AEA) Ad Hoc Committee on the Job Market, provides an overview of the market for new Ph.D. economists. It describes the role of the AEA in the market and focuses in particular on two mechanisms adopted in recent years at the...