Article history: Received 26 October 2012 Available online 23 October 2015 JEL classification: J41 J24 D21

Article history: Received 14 July 2014 Received in revised form 26 May 2016 Available online 15 June 2016 JEL classification: D91 E21 G12 J24

We consider a broad class of intertemporal economic problems and characterize the short-run long-run responses demand for good to permanent increase in its market price. Depending on interplay between self-productivity time discounting, we show that dynamic substitution effects can generate price elasticities opposite signs short run long run. (JEL D11, D15, H20, J22, J24)

We build an endogenous growth model with automation (the replacement of low-skill workers machines) and horizontal innovation creation new products). Over time, the share innovations endogenously increases through increase in wages, leading to skill premium a decline labor share. calibrate US economy show that it quantitatively replicates paths premium, share, productivity. Our offers perspecti...

This paper uses a measure of skill mismatch to separate wage flexibility from confounding variation in wages driven by differences job quality over the business cycle. I first show that high cyclicality switchers' goes beyond cyclical movements mismatch. Then uncover large across distribution. Among incumbent workers, are acyclical good matches but procyclical poor matches, particular for overq...

In recent decades, gentrification has transformed American central city neighborhoods. I estimate a spatial equilibrium model to show that the rising value of high-skilled workers’ time contributes cities. increasing raises cost commuting and exogenously increases demand for locations by workers. While change in modest direct effect on cities, is substantially magnified endogenous amenity drive...

Article history: Received 23 October 2010 Received in revised form 4 January 2012 Accepted 6 January 2012 Available online 14 January 2012 JEL classification: F10 F12 F14 F16 L22 J24

This paper studies the effects of adding criminal offenders to a DNA database. Using large expansion Denmark’s database, we find that registration reduces recidivism within following year by up 42 percent. It also increases probability are identified if they recidivate, which use estimate elasticity crime with respect detection and 1 percent higher more than 2 We likelihood employment, enroll i...

We study a reform that granted European cross-border workers free access to the Swiss labor market and had stronger effect on regions close border. The greater availability of increased foreign employment substantially. Although many were highly educated, wages educated natives increased. reason is simultaneous increase in demand: size, productivity, innovation performance skill-intensive incum...

We assess South African workseekers’ skills and disseminate the assessment results to explore how limited information affects firm workseeker behavior. Giving workseekers that they can credibly share with firms increases employment earnings better aligns their skills, beliefs search strategies. cannot easily has similar effects on search, but smaller earnings. only shifts interview decisions. T...