It is tempting to try to infer the welfare effects of minimum wage changes from empirical observations on pre- and post change employment and unemployment levels and wage or earnings distributions. Using a simple model of search, matching, and bargaining, I characterize the relationship between...

It is often tempting to attempt to infer the welfare effects of minimum wage changes from empirical observations on pre- and post-change employment and unemployment levels and wage or earnings distributions. Using a simple model of search, matching, and bargaining, we characterize the...

We investigate the e_ect of employer-provided health insurance on job mobility rates and economic welfare. In particular, we develop and estimate an equilibrium model of wage and health insurance determination that yields implications that are empirically observed. Namely, not all jobs provide...

Over the last decade a large number of states have significantly altered their legal statutes concerning the disposition of divorce cases involving children. In particular, many states have increasingly employed percentage-expressed orders in which child support obligations in a given period are...

There is a long history of the theoretical and empirical investigation of the labor supply decisions of married women. Perhaps the starting point for modern econometric analysis of this question is Heckman (1974), in which a neoclassical model of wives’ labor supply was estimated using...

Labor market decisions are not taken in isolation when individuals are engaged in stable relationships. Our analysis is designed to determine the joint equilibrium distribution of schooling levels, labor market outcomes, and marriage market statuses. We assume individuals begin adult life by...

We look at the impact of a binding minimum wage on labor market equilibrium outcomes and welfare distributions in a model of bilateral matching and bargaining in the presence of on-the-job search. The model is estimated using the method of simulated moments using data taken from the Survey of...

In this paper we estimate a model of general and human capital investment within a partial equilibrium model of search. The estimated model enables us to determine the production technology for both types of human capital and to assess their value in the sense of productivity and welfare of...

In this paper we utilize a model of household investments in the cognitive development of children to explore the impact of various transfer policies on the distribution of child cognitive outcomes in target populations. We develop a cost criterion that can be used to compare the cost...

In this paper we utilize a model of household investments in the development of children to explore the impact of various transfer policies on the distribution of child outcomes. We develop a cost criterion that can be used to compare the cost effectiveness of unrestricted, restricted, and...