This paper examines empirically two facets of labor force participation dynamics that imply quite different interpretations of labor market fluctuations. The first, which underlies equilibrium business cycle models, is that workers time their participation to coincide with periods of high real...

Proxies are used to indicate the impact of employment and training programs. CETA prime sponsors and the Labor Department rely on these performance indicators for fund allocations. This study correlates eight indicators with the impact on earnings of participation in four types of programs. The...

The authors estimate the impact of occupational licensing on interstate migration and earnings. Interstate misallocation of labor resources and a redistribution of income in favor of the most highly regulated occupations is seen as a consequence of licensure barriers. The article presents...