We estimate and report life cycle transition probabilities between employment, unemployment and inactivity for male workers using Current Population Survey monthly files. We assess the relative importance of each probability in explaining the life cycle profiles of participation and unemployment...

We estimate and report life cycle transition probabilities between employment, unemployment and inactivity for male workers using Current Population Survey monthly files. We assess the relative importance of each probability in explaining the life cycle profiles of participation and unemployment...

Proposers strategically formulate legislative bills before voting takes place. However, spatial voting models that estimate legislator’s ideological preferences do not explicitly consider this fact. In our model, proposers determine the ideology and valence of legislative bills to maximize...

This paper introduces an ordinal rational choice model for multiple kinds of social participation intensities to empirically investigate the relevance of several theoretical determinants of formation of Social Capital (SC) introduced in the literature. The framework is rich enough to investigate...

Although the link between household size and consumption has a strong empirical support, there is no consistent way in which demographics are dealt with in standard life-cycle models. We study the relationship between the predictions of the Single Agent model (the standard in the literature)...

We develop a theory on the joint dynamics of labor share and technology at the business cycle frequency. Our main motivating fact is the overshooting property of the labor share: After a positive technology shock, the share of output that corresponds to labor falls temporarily but it quickly...

Until 2004, divorce in Chile was illegal and separated women, representing 12% of all married women, were unable to remarry. This paper examines how the option of exiting the relationship and remarrying has changed the bargaining power in married and separated households. Using longitudinal...

I estimate the model using data from the 1995 National Survey of Family Growth (NSFG), the Panel Study of Income Dynamics (PSID) and the Current Population Survey (CPS). By matching aggregate education-specific fertility and abortion profiles, I find that fertility risk (the degree to which...

The U.S. gender wage gap shrank steadily during the last quarter of the past century. Concurrently, the occupational composition of women converged to that of men as they left the home-sector, entered previously male dominated professional and managerial occupations, and started switching...

Unemployment rates are significantly lower for married workers in the U.S. Motivated by this and labor market flow differences across individuals of different marital states, we develop an incomplete markets model to account for the facts. Using the model, we attempt to answer two questions....