“...Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data...”

“...Over the past two decades, technological progress in the United States has been biased toward skilled labor. What does this imply for business cycles? We...”

“...Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for...”

“...Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present...”

“...Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for skills were better matched. As a result,...”

“...Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We...”