Summary
How do technology, public works projects, mental health, race, gender, mobility, retirement benefits, and macroeconomic policies affect worker well-being? This volume contains fourteen original chapters utilizing the latest econometric techniques to answer this question. The findings include the following: technology gains explain over half the decline in U.S. unemployment and over two-thirds the reduction in U.S. inflation; universal health coverage would reduce U.S. labor force participation by 3.3 per cent; blacks respond to regional rather than national changes in schooling rates of return, perhaps implying a more local labor market for blacks than whites; employee motivation enhances labor force participation, on-the-job training, job satisfaction and earnings; male and female promotion and quit rates are comparable once one controls for individual and job characteristics; public works programs designed to increase a worker's skills do not always increase reemployment; and, U.S. pension wealth increased about 20 per cent - 25 per cent over the last two decades.
Table of contents
- List of contributors. Preface (S.W. Polachek). Technology, unemployment, and inflation (S. Danninger, J. Mincer). The incidence of overschooling and underschooling and its effect on earnings in the United States and Hong Kong (E. Cohn, E. Johnson and Y.Chu Ng). Do higher returns to college education encourage college enrollments? an analysis by race (S.L. Averett, M.C. McLennan and M. Young). Do compulsory school attendance laws alone explain the association between quarter of birth and earnings (J. Bound, D.A. Jaeger). Motivation and labor market outcomes (A.H. Goldsmith, J.R. Veum and W. Darity Jr.). Career hierarchy in dual-earner families (A.E. Winkler, D.C. Rose). Job mobility in the 1990s Britain: does gender matter? (A.L. Booth, M. Francesconi). Measuring relative quality of life from a cross-migration regression, with an application to Canadian provinces (S. Douglas, H.J. Wall). Employer provided pension data in the NLS mature women's survey and in the health and retirement study (A.L. Gustman, T.L. Steinmeier). A test of Lazear's mandatory retirement model (S. Stern, P. Todd). Do public works programs work in Eastern Germany? (F. Kraus, P.A. Puhani and V. Steiner). The supply-side effects of universal health coverage: what can we learn from individuals with spousal coverage? (A.J. Wellington, D.A. Cobb-Clark). Dimensions of the wage-unemployment relationship in the Nordic countries: wage flexibility without wage curves (K. Albo et al.). The extent and consequences of downward nominal wage rigidity (J.G. Altonji, P.J. Devereux).
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