Barron, Berger, and Black pulling together in one place answers to important questions regarding access to training opportunities, the duration of OJT across workers who differ by job and personal characteristics, and how accurately we are able to measure training.

We examine the relationships among on-the-job training, starting wages, wage growth, and productivity growth. Our models suggest that training lowers starting wages, but the estimated magnitudes are small. When firms are asked directly, we find that they pay higher starting wages to workers...

This paper develops a theory of the unemployed individual's choice of how much effort to devote to search. The term effort involves two choice variables, time and money. Specific attention is given to the role of unemployment contingent income and the probability of obtaining employment without...

I argue against the popular view that young Black men experience more joblessness than their White counterparts because they have priced themselves out of the labor market. The seemingly excessive reservation wages of jobless young Black men, what they ...

This paper constructs an equilibrium job-matching model where workers differ in their attachment to the labor force. The model predicts that workers with weaker attachment to the labor market will receive lower starting wages and lower post-training wages, and will be placed in jobs that offer...

The authors present an example of the effect a change in the excise tax can have on retail gasoline prices. The findings provide support for standard economic theory, as well as provide a vehicle for illustrating some of the subtleties of the analysis, including the implicit assumptions...

This paper compares outcomes for borrowers who received face-to-face credit counseling with similarly situated consumers who opted for counseling via the telephone or internet. Counseling outcomes are measured using consumer credit report attributes one or more years following the original...

While previous research suggests that CEO turnover correlates with strategic changes in firm's operations such as discontinuation of operations, we demonstrate that such findings apply only to specific types of CEO turnover, and only if non-CEO members of the top management team also exit the...