Estimates of the e¤ect of education on GDP (the social return to education)have been hard to reconcile with micro evidence on the private return. We present a simple explanation that combines two ideas: imperfect substitution ...
Using new quarterly data for hours worked in OECD countries, Ohanian and Raffo (2011) argue that in many OECD countries, particularly in Europe, hours per worker are quantitatively important as an intensive margin of labor ...
Primiceri, Giorgio E.; Van Rens, Thijs, 1973-(2002-07-01)
We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality in the 1980s and 90s. We decompose unexpected changes in family income into transitory and permanent, ...
Merkl, Christian; Van Rens, Thijs, 1973-(2011-09-01)
Firms select not only how many, but also which workers to hire. Yet, in standard
search models of the labor market, all workers have the same probability of being hired.
We argue that selective hiring crucially affects ...
Galí, Jordi, 1961-; Van Rens, Thijs, 1973-(Oxford University Press, 2021)
We document two changes in post-war US macroeconomic dynamics: the procyclicality of labour productivity vanished, and the relative volatility of employment rose. We propose an explanation for these changes that is based ...
