摘要:

One of the most striking features of the postwar U.S. economy has been the rapid decrease in the labor force participation of the elderly at a time when the health of this group has been improving. In spite of this, previous research, based on retrospective interviews with the retired population, usually concludes that poor health accounts for the overwhelming majority of retirements. This paper suggests that nothing could be further from the truth. Using data from the Panel Study of Income Dynamics, we follow a cohort of white married males through their sixties to estimate a model of retirement behavior. Using several definitions of retirement suggested in the literature, we find that the two key policy parameters of the social security system—the income guarantee and the implicit tax on earnings—exert an enormous influence on retirement decisions. For example, our results suggest that a decrease in the implicit tax rate on earnings from one‐half to one‐third would reduce the annual probability of retirement by about fifty percent! Applying the coefficient estimates to time series data on the labor force participation of the elderly implies that the social security system has been the major factor in the explosion in earlier ret

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00446.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00447.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

This paper outlines a job search model which emphasizes the placing of applications by job searchers and the firm's use of a queue of applicants as an inventory of labor. The paper analyzes the consequences of the assumption that firms hold queues of applicants both for the decisions of a single firm and for a market composed of several such firms. The aggregate results suggest that considering such labor market queuing helps explain wage rigidity and involuntary unemployment.

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00448.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

Portions of the United States near the Mexican border are experiencing massive inflows of both legal and illegal migrants of Mexican origin. The resultant concentration of low skill labor in these areas of the southwestern states supposedly has led to an excess supply of labor and subsequent depressed labor market conditions, particularly for blue collar workers and Mexican‐American nationals. This paper analyzes the degree to which the labor market in this area is depressed. The results presented here tend to verify hypotheses suggested by several other authors but indicate that the magnitude of the problem as reflected by low wages along the border is much less severe than generally believed. The importance of this study is that it measures a phenomenon that heretofore has been accepted with very little empirical verificatio

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00449.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

The purpose of this paper is to determine empirically the effect of general wage escalation, which is practiced in Israel, on the inflation unemployment trade off. Wage escalation is introduced by including a cost of living allowance variable in the wage equation which turns out to be very significant. It makes the long run Phillips Trade off relation much more inflationary, but does not obliterate it. A comparison with a wage price block for the U.S. suggests that the long run trade off is more inflationary in Israel and that wage indexation is one of the reasons for this bias.

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00450.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00451.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00452.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00453.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00454.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1977.tb00455.x

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY