This study examines what one can infer from aggregate time-series of employment under the assumption that adjustment at the micro level is discrete because of lumpy adjustment costs. The research uses various sets of quarterly and monthly data for the United States and imposes assumptions about...

An increasing variety of phenomena involve the mixing of market work and leisure, or market work and home production, both by individuals and across household members. The growth of vacations, holidays and days absent from work; the rise in part-time employment and the reduction in moonlighting;...

The main stated purposes of social insurance programs have been the maintenance of consumption by people suffering from misfortunes, and the stabilization of employment. Despite this, most recent research on unemployment insurance (UI) and Old Age Insurance has focused on secondary labor-market...

We link information on the current earnings of college graduates from many cohorts to their high-school records, their detailed college records and their demographics to infer the impact of college major on earnings. We develop an estimator to handle the potential for non-response bias and...

Measuring market discrimination is extremely difficult except in the increasingly rare case where physical output measures allow direct measurement of productivity. We illustrate this point with evidence on elections to offices of the American Economic Association. Using a new technique to infer...

Social commentators have pointed to problems of women workers who face time stress' an absence of sufficient time to accomplish all their tasks. An economic theory views time stress as reflecting how tightly the time constraint binds households. Time stress will be more prevalent in households...

We take U.S. and Israeli household data on expenditures of time and goods, generate an exhaustive set of commodities that households produce/consume using them, and calculate their relative goods intensities. Leisure activities are uniformly relatively time intensive, health, travel and lodging...

We identify three separate stages in the post-World War II history of applied microeconomic research: A generally non-mathematical period; a period of consensus (from the 1960s through the early 1990s) characterized by the use of mathematical models, optimization and equilibrium to generate and...