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This paper applies cross-sectional and longitudinal propensity score matching estimators to data from the National Supported Work (NSW) Demonstration that have been previously analyzed by LaLonde (1986) and Dehejia and Wahba (1999,2002). We find that estimates of the impact of NSW based on propensity score matching are highly sensitive to both the set of(More)
The 1990-1991 recession has intensified concerns about the consequences of workers’ job losses. To estimate the magnitude and temporal pattern of displaced workers’ earnings losses, we exploit an unusual administrative data set that includes both employees’ quarterly earnings histories and information about their firms. We find that when high-tenure workers(More)
A sizable volume of literature on the study of income and consumption dynamics has developed through the application of panel data surveys. Very few researchers, however, have provided solutions to the measurement error bias generated by surveyed income and consumption, although the presence of such bias has been widely acknowledged. This paper uses data(More)
We examine the behaviour of the nonparametric maximum likelihood estimator (NPMLE) for a discrete duration model with unobserved heterogeneity and unknown duration dependence. We find that a nonparametric specification of either the duration dependence or unobserved heterogeneity, when the other feature of the hazard is known to be absent, leads to(More)
Inexperienced women, along with economics and business majors, are much more susceptible to the winner’s curse, as are subjects with lower SAT/ACT scores. There are strong selection effects in bid function estimates for inexperienced and experienced subjects due to bankruptcies and bidders who have lower earnings returning less frequently as experienced(More)
Social contacts help workers to ...nd jobs, but those jobs need not be in the occupations where workers are most productive. Hence social contacts can generate mismatch between a worker’s occupational choice and his comparative productive advantage. Thus economies with dense social networks can exhibit apparently low labor force quality and, as a result,(More)
Immediately following a minimum wage hike, household income rises on average by about $250 per quarter and spending by roughly $700 per quarter for households with minimum wage workers. Most of the spending response is caused by a small number of households who purchase vehicles. Furthermore, we find that the high spending levels are financed through(More)
a r t i c l e i n f o Federal and state governments spend well over a billion dollars a year on programs that encourage employment development in disadvantaged labor markets through the use of subsidies and tax credits. In this paper we use an estimation approach that is valid under relatively weak assumptions to measure the impact of State Enterprise Zones(More)
We develop and implement a model of female participation, labour supply and employment that incorporates both search unemployment and discouraged workers. We show that in an intertemporal environment with fixed costs, search costs, permanent lay-offs and infrequent job arrivals, an adaptation of the standard (two-stage budgeting) approach to modelling hours(More)
Federal and state governments spend well over a billion dollars a year on programs that encourage employment development in disadvantaged labor markets through the use of subsidies and tax credits. In this paper we use an estimation approach that is valid under relatively weak assumptions to measure the impact of State Enterprise Zones (ENTZs), Federal(More)