Showing results 1 - 10 of 16
| Claudia Goldin | Lawrence Katz
January 11, 2020, Paper, "The race between education and technology provides a canonical framework that does an excellent job of explaining US wage structure changes across the twentieth century. The framework involves secular increases in the demand for more-educated workers from skill-biased technological change, combined with variations in the supply of skills from changes in educational access. We expand the analysis backwards and forwards.…
| Lawrence Katz
What makes gig economy workers anxious? Lawrence Katz, March 8, 2018, Audio, "What do freelance writers, IT consultants and Mary Kay sellers all have in common? They are each a part of what’s commonly referred to as the “gig economy,” which is comprised of nontraditional employees who typically don’t have a single, steady employer who guarantees regular hours and pay."…
| Lawrence Katz
Imagining a Future of Work That Fosters Mobility for All. Lawrence Katz, February 2018, Paper, "We live in a time of rising economic polarization. Low- and high-wage jobs are growing, while those in the middle are declining or “hollowing out,” not just in the United States, but across the globe.2 Employment used to be a reliable path to economic stability and mobility for a wide range of workers, but that is no longer the case. In 2015, almost a…
| Lawrence Katz
Expanding the Earned Income Tax Credit for Workers Without Dependent Children. Lawrence Katz, September 2017, Paper, "In recent decades, wage inequality in the United States has increased and real wages for less-skilled workers have declined. As a result, many American workers are unable to adequately support their families through work, even working full time. The Earned Income Tax Credit (EITC) has helped to counter this trend and has become…
| Lawrence Katz
The Role of Unemployment in the Rise in Alternative Work Arrangements. Lawrence Katz, 2017, Paper, "Much evidence indicates that the traditional nine-to-five employee-employer relationship is in decline. Although comprehensive, high-frequency data on US work arrangements are not available, the trend appears to have begun before the advent of the platform economy and the spread of online gig work."…
| Lawrence Katz
The Fall of the Labor Share and the Rise of Superstar Firms. Lawrence Katz, May 2017, Opinion, "The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In this paper, we analyze micro panel data from the U.S.…
| Lawrence Katz
Concentrating on the Fall of the Labor Share. Lawrence Katz, April 2017, Paper, "In this paper, we discuss an explanation for the fall in share of labour in GDP based on the rise of “superstar firms.” If globalization or technological changes advantage the most productive firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar firms with high profit margins and a low share of labor…
| Lawrence Katz
Concentrating on the Fall of the Labor Share. Lawrence Katz, January 2017, Paper, "The recent fall of labor’s share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and low labor share) firms to command growing market share. Building on Autor et al…
| Lawrence Katz
Addressing long-term unemployment in the aftermath of the Great Recession. Lawrence Katz, December 3, 2014, Paper. "In the aftermath of the Great Recession, there remains a large number of long-term unemployed across countries. This column argues that policies targeting the long-term unemployed, if effective, may have substantial benefits for the aggregate labour markets. However, evidence of the effectiveness of active labour market policies…
| Claudia Goldin | Lawrence Katz
The Value of Postsecondary Credentials in the Labor Market: An Experimental Study. Claudia Golden, Lawrence Katz, September 2014. Paper. "We study employers’ perceptions of postsecondary degrees using a field experiment. We randomly assign the sector and selectivity of institution to fictitious resumes and send them to real vacancy postings on a large online job board. According to our results, a bachelor’s degree in business from a for-profit “…