minimum-wage increase raises involuntary unemployment, but also raises skill formation as some individuals avoid unemployment … skill formation outweigh both the public revenue losses from additional unemployment and the utility losses of inefficient … the revenue losses from higher unemployment. We write this condition in terms of measurable sufficient statistics. Our …

Switzerland, but had no impact on unemployment. Moreover, such immigration restriction lowered the average skill level of the …

We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation …

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

costs and higher returns to training young workers than incumbents, the effect is driven by firms exposed to new tech skills …

representative cohorts of young workers in the United States for whom I can consistently measure relative skills in occupations. My …

(2007-2011) in order to assess the impact of cycles on employment and skill dynamics, and their determinants. Skills are …