The response of aggregate labor supply to various changes in the economic environment is
central to many economic issues, including the optimal design of tax policies. Whereas the …

We study individual male earnings dynamics over the life cycle using panel data on millions
of US workers. Using nonparametric methods, we first show that the distribution of earnings …

From the perspective of a wide range of labor market outcomes, the recession that began in
2007 represents the deepest downturn in the postwar era. Early on, the nature of labor …

Long-term transition rates calculated from the Current Population Survey, the Survey of
Income and Program Participation, and Rutgers University's Work Trends Survey indicate …

Conventional analyses of labor market fluctuations ascribe a minor role to labor force
participation. We show, by contrast, that flows-based analyses imply that the participation …

Abstract We analyse a Bewley-Huggett-Aiyagari incomplete-markets model with labour-
market frictions. Consumers are subject to idiosyncratic employment shocks against which …

The gender unemployment gap, the difference between female and male unemployment
rates, was positive until the early 1980s. This gap disappeared after 1983, except during …

We use matched individual-level CPS data to study the decline in middle-wage routine
occupations during the last 40 years, and determine how the associated labor market flows …

We build a heterogeneous agents life cycle model that captures a large number of salient
features of individual male labour supply over the life cycle, by education, both along the …

Can a model with limited labor market insurance explain standard macro and labor market
data jointly? We construct a monetary model in which: i) the unemployed are worse off than …