This paper calculates the cost of an unemployment shock in terms of family welfare for married and single families separately and by education level. We find that, overall, families face an average annualized expected dollar equivalent welfare loss of $1,156 when the unemployment rate rises by 1...

Remarks at the Chattanooga Area Chamber of Commerce, Chattanooga, Tennessee, August 26, 2009

"Using data on workers' flows into and out of employment, unemployment, and not-in-the-labor-force, I construct transition probabilities between "employment" and "unemployment" that can be used in the calibration of economies such as Krusell and Smith's (1998). I show that calibration in Krusell...

As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the unemployment rate) and the labor force participation rate....

This study investigates the heterogeneous effects of domestic violence over labor markets in an ethnically fragmented country such as Bolivia. Among developing countries, Bolivia "excels" in having one of the highest levels of domestic violence in the region. Anecdotal evidence and empirical...

This study investigates the heterogeneous effects of domestic violence over labor markets in an ethnically fragmented country such as Bolivia. Among developing countries, Bolivia "excels" in having one of the highest levels of domestic violence in the region. Anecdotal evidence and empirical...