A coincidence in time between the volatility break associated with the "Great Moderation" and large changes in the pattern of conditional and unconditional correlations between output, hours and labor productivity was detected by Galí and Gambetti (2009). We provide a novel explanation for...

We consider the problem of measuring transition probabilities across employment, unemployment and inactivity when longitudinal data is not available and/or the available retrospective data is measured with error. We establish nonparametric point-identification conditions based on time series of...

Using time series techniques, we contrast the impact of deregulation in trucking and rail labor markets. During regulation both labor markets were characterized by wages considerably higher than manufacturing wages. In fact, trucking and rail wages had a stable, deterministic relationship prior...

A country's political and economic institutions are critical for economic prosperity. The literature abounds with institutional measures, precisely because institutions are not one dimensional. We use panel-unit-root and cointegration tests to examine the time-series properties of several...

We analyze quarterly occupation-level data from the US Current Population Survey for 1976-2013. Based on common cyclical employment dynamics, we identify two clusters of occupations that roughly correspond to the widely discussed notion of "routine" and "non-routine" jobs. After decomposing the...

This book demonstrates, via formal statements and empirical illustrations, that nonlinearities in social processes can be modeled systematically to create solutions with practical applications in the institutional forms of paid employment, schooling, and familial relations including marital and...