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Working Paper
Dynamic Responses to Immigration
Colas, Mark (2018-01-29)
I analyze the dynamic effects of immigration by estimating an equilibrium model of local labor markets in the US. The model includes firms in multiple cities and sectors which combine capital, skilled and unskilled labor in production, and forward-looking workers who choose their sector and location each period as a dynamic discrete choice. A counterfactual unskilled immigration inflow leads to an initial wage drop for unskilled workers and a wage increase for skilled workers. These effects dissipate rapidly as unskilled workers migrate away from heavily affected cities and workers shift ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 6

Working Paper
Parents, Patience, and Persistence: A Novel Theory of Intergenerational College Attainment
Fuller, David L.; Vandenbroucke, Guillaume (2025-02-03)
We present a novel theory of intergenerational persistence in college attainment that does not rely on credit constraints, parental transfers and investments, or persistence in innate ability. The gist of our theory is heterogeneity in time preferences, which are endogenous since parents can teach patience to their children before the children make their college decisions. We show, analytically, that the most patient parents are simultaneously more likely to have a college degree and to educate their children to be patient. Persistence follows. We also show that persistence occurs if and only ...
Working Papers , Paper 2025-003

Report
The Pay and Non-Pay Content of Job Ads
Audoly, Richard; Bhuller, Manudeep; Reiremo, Tore Adam (2024-09-01)
How informative are job ads about the actual pay and amenities offered by employers? Using a comprehensive database of job ads posted by Norwegian employers, we develop a methodology to systematically classify the information on both pay and non-pay job attributes advertised in vacancy texts. We link this information to measures of employer attractiveness, which we derive from a job search model estimated on observed wages and worker mobility flows. About 55 percent of job ads provide information related to pay and nearly all ads feature information on non-pay attributes. We show that ...
Staff Reports , Paper 1124

Working Paper
International trade and labor reallocation: misclassification errors, mobility, and switching costs
Dvorkin, Maximiliano (2023-12)
International trade has increased at a rapid pace in the last decades, altering production and labor demand in different sectors of the economy. The estimated effects of trade on employment and welfare critically depend on data about workers’ reallocation patterns, which is typically plagued with coding errors. I show that the estimated employment and welfare effects of international trade, and the estimated structural parameters of standard models are biased when the analysis uses data subject to misclassification errors. I develop an econometric framework to estimate misclassification ...
Working Papers , Paper 2021-014

Working Paper
The Intergenerational Transmission of Mental and Physical Health in the United Kingdom
Mazumder, Bhashkar; Halliday, Timothy J.; Bencsik, Panka (2021-02-26)
We estimate intergenerational health persistence in the United Kingdom using Quality Adjusted Life Years (QALY), a broad measure of health derived from the SF-12 Survey. We estimate that both the rank-rank slope and the intergenerational health association (IHA) are 0.21. We use components of the SF-12 to create mental and physical health indices and find that mental health is at least as persistent across generations as physical health. Importantly, parents' mental health is much more strongly associated with children's health than parents' physical health indicating that mental health might ...
Working Paper Series , Paper WP-2021-03

Journal Article
Occupational Mobility and Lifetime Earnings
Yuen, C. Y. Kelvin; Shin, Yongseok (2019)
People?s occupations have a significant amount of information about their wages. However, because people?especially young workers?go through multiple occupations and employment statuses during their working lives, we find that their occupations at a young age do not predict their lifetime earnings well. When educational attainment and gender are considered, we find that across education-gender groups the differences in lifetime earnings are even larger than the differences in average occupational wages: Workers in high-wage education-gender groups (men with college degrees, for example) work ...
Review , Volume 101 , Issue 3

Working Paper
Un-Fortunate Sons: Effects of the Vietnam Draft Lottery on the Next Generation's Labor Market
Goodman, Sarena; Isen, Adam (2015-12-30)
Can shocks to one generation propagate to the next? To answer this question, we study how the Vietnam draft lottery affected the next generation's labor market. Using the universe of federal tax returns, we link fathers from draft cohorts to their sons' outcomes and find that sons of fathers randomly called by the draft 1) have lower earnings and labor force participation than their peers, and 2) are more likely to volunteer for military service. These findings highlight the strong role family plays in human capital development and occupational choice. More generally, our results provide ...
Finance and Economics Discussion Series , Paper 2015-119

Working Paper
Family characteristics and macroeconomic factors in U. S. intragenerational family income mobility, 1978–2014
Bradbury, Katharine L. (2018-10-01)
Family economic mobility has been a policy concern for decades, with interest heating up further since the 1990s. Using data that tracks individual families? incomes during overlapping 10-year periods from 1978 through 2014, this paper investigates the relationships of factors ? family characteristics and macro influences ? to intragenerational mobility and whether the importance of those factors has changed over time. Family characteristics include both levels of work behavior and family structure and within-period changes in those factors, as well as time-invariant characteristics of the ...
Working Papers , Paper 19-1

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