Modern Labor Economics: Theory and Public Policy, now in its fourteenth edition, continues
to be the leading text for one-semester courses in labor economics at the undergraduate …

After peaking around the year 2000, the Labor Force Participation Rate (LFPR) of Americans
declined substantially. The weakening in LFPR was faster after the financial crisis of 2007 …

We investigate the source, magnitude, and unevenness of the procyclical forces that shape
labor force participation, ie, the participation cycle, which are important for the …

Since the start of the pandemic the US labor market has been characterized as being
plagued by missing jobs, ie payroll employment has fallen more than five million jobs short …

How cyclical is the US labor force participation rate (LFPR)? We examine its response to
exogenous state-level business cycle shocks, finding that the LFPR is highly cyclical, but …

Strong labor force participation cyclicality during the Covid-19 pandemic has put further into
question the capacity of standard Phillips Curve (PC) models to fully capture labor market …

The US is undergoing a long-term decline in entrepreneurship. We show that this slow-down
in entrepreneurship has been more pronounced for skilled individuals–those with a college …

We develop a time series of quits and layoffs using the Current Population Survey, and
analyze their relationship with labor supply decisions over the business cycle. Our findings …

We study the heterogeneous effects of monetary policy on the labor market of large and
small firms in the United States. We uncover the following facts:(i) Expansionary monetary …

This article offers the first empirical evidence that labor force exit rates rise when workers'
relative earnings fall. The model takes into account that a job not only provides economic …