Janet Yellen was nominated as the first female head of the Federal Reserve yesterday [note, that Rand Paul has put a hold on the nomination] . Here is a paper she and her husband George Ackerloff wrote almost 20-years ago on the increase in unmarried childbearing:
An Analysis of Out-Of-Wedlock Births in the United States
George Ackerloff and Janet Yellen | Brookings Review
This Policy Brief was prepared for the Fall 1996 issue of the Brookings Review and adapted from “An Analysis of Out-of-Wedlock Childbearing in the United States,” which appeared in the May 1996 issue of the Quarterly Journal of Economics.
Also of interest is a news story about Ackerloff in the mid-1980s on “efficiency wages” based on their experience hiring babysitters:
Why Unemployment Sometimes Lingers On Stirs Renewed Interest
Alan Murray | Wall Street Journal
December 26, 1985
Note that a young Larry Summers (age 30) is mentioned in this piece. Sticky wages are also mentioned in this summary of her appointment in the New York Times:
Yellen’s Path From Liberal Theorist to Fed Voice for Jobs
Binyamin Appelbaum | New York Times
October 9, 2013
As thorough as this piece is, it fails to mention that Charlie Brown was a teaching assistant for her at Harvard.