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Monday, Nov 3
Melvin Stephens, Estimating Program Benefits

Isaac Sorkin photo

Essays on Equilibrium in Labor Markets

a PSC Small Fund Research Project

Investigator:   Isaac Sorkin

The first chapter develops a revealed preference approach to assessing the extent to which there are good and bad jobs in the labor market. The second chapter develops an industry equilibrium model of labor demand to study the efffects of minimum wage increases and shows that the model offers a reconciliation of the small estimated short-run employment effects with the commonly found pass-through of minimum wage increases to product prices. The third chapter develops a spatial equilibrium model and shows how to use it to accurately measure the effect of economic shocks on geographic mobility.

Funding Period: 11/01/2013 to 12/31/2014

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