Download or read book Essays on Labor Economics Dynamic Decision Making and the Role of Gender written by Boryana Antonova Ilieva and published by . This book was released on 2023* with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Englische Version: The topic of this thesis is the heterogeneity in labor market outcomes over the life cycle and across gender. The thesis comprises three independent research papers (Chapters 2-4), which focus on complementary aspects of the overreaching research question: how do employment choices determine earnings, and what role does the gender component play? Chapter 1 introduces the topic of wage and gender gaps and how these stand related to employment choices. Chapter 2 analyzes data from the German Socio-Economic Panel and the Panel's Innovation Sample and investigates the role of biases in beliefs. It relates misperceptions about the labor market remuneration of years spent working part-time to the women's propensity to engage in part-time employment and the consequent earnings losses. Chapter 3 adds the dimension of career development. It posits that part-time penalties in experience accumulation decrease the chances of being promoted and that promotions are important sources of wage growth. In sum, the analysis shows that part-time wage penalties have two key components - hampered career progression to higher-paying career levels and stagnating wage growth regardless of career level. The final chapter adds to the discussion on solutions to a longstanding challenge in empirical labor economics posed by the selection bias in wages observed by econometricians. It contributes a novel non-parametric estimator of the selection-free cumulative distribution wage function. This chapter leverages administrative data records from Germany to show how the estimator can be applied in estimating a selection-corrected distribution of gender wage gaps.

Download or read book Essays on the role of gender and groups in economic decision making written by Jay Alan Schwarz and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Labor Economics written by Lu Liu and published by . This book was released on 2020 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contributes towards our understanding of Labor Economics and Applied Econometrics. It consists of three chapters. The first two chapters shed light on the determinants of female labor supply behavior by connecting theory to household-level data. The third chapter studies the nonlinear generalized method of moments (GMM) in dynamic panels and its application to value-added models of learning. In Chapter 1, I propose that the rising sex ratio (number of males per female) imbalance has been an important factor in the recent feminization of rural-to-urban migration in China. To establish this connection, I first develop a three-player noncooperative household model in which both the parents and the daughter contribute time or money to improve the well-being of sons. The local sex ratio can affect the players' choices via two channels: either by influencing the preference towards sons, or by imposing negative impact on sons' welfare due to intensified marriage market competition. My model predicts that daughters are more likely to participate in migratory work when the local sex ratio is higher. Drawing on data from Rural-Urban Migration in China Survey, I then test the hypothesis by comparing unmarried rural women with brothers and those without brothers when conditioning on family size. My identification strategy exploits the exogenous variation in the number of brothers a rural woman has that comes from the randomness in parental sibling structure. I show that an increase in the local sex ratio significantly raises the probability of becoming a migrant worker for unmarried rural women who have brothers, while no significant effect is observed among those without brothers. The positive link is stronger for rural women who have a larger number of brothers or whose brothers are relatively younger. I also discover that around 40% of the increase in rural female labor migration rate from 1990 to 2000 could be explained by the changes in the sex ratio. I further find evidence in favor of the marriage market pressure mechanism. Chapter 2 (joint work with Zhongda Li) examines the intergenerational determinants of women's labor force participation decision. Existing studies have established a positive correlation between a married woman's work behavior and her mother-in-law's. Such linkage is attributable to the profound influence of maternal employment on son's gender role preferences or household productivity. In this chapter we investigate the relative importance of the two potential mechanisms using the Chinese survey data. We show that a substantive part of the intergenerational correlation is left unexplained even if we control for the husband's gender role attitudes. Instead, we find that the husband's household productivity is more crucial in the wife's work decision, suggesting the dominance of the endowment channel over the preference channel. Chapter 3 develops a novel framework for constructing nonlinear moment conditions in dynamic panel data models. I demonstrate that the nonlinear GMM estimator considerably mitigates the classical weak identification problem arising from two data generating processes: (i) the autoregressive parameter is close to the unit circle; (ii) the ratio of variances of individual heterogeneity and idiosyncratic errors diverges to infinity. I further derive analytical expressions for the bias term of the linear and nonlinear GMM estimators, and show that the use of nonlinear moments results in smaller finite sample bias. In simulation studies, the nonlinear GMM estimator performs well compared to both the difference and system GMM estimators. As an empirical illustration, I estimate the effect of class size reduction and private school attendance on student academic achievement using a value-added model with learning dynamics.

Download or read book Essays in Labor Economics written by Robert Scott Fletcher and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three essays on labor economics. In the first chapter, co-authored with Nicholas Bloom and Mihai Codreanu, we run randomized controlled trials on a panel of 7,300 small U.S. firms to test if we can improve their sales forecasting. At baseline, only 17.4% of entrepreneurs can forecast their firm's sales over the next three months within 10% of the realized value, with 1% of the mean squared error attributable to bias and the remaining 99% attributable to noise. Our first intervention rewards entrepreneurs up to $400 for accurate forecasts, our second requires respondents to review historical sales data, and our third provides forecasting training. Increased reward payments significantly reduce bias but do not affect noise, despite successfully making entrepreneurs spend more time thinking about their predictions. The historical sales data intervention does not affect bias but significantly reduces noise. Since bias is only a minor part of overall forecasting errors, we find that the reward payments have small effects on mean squared error, while the historical data intervention reduces it by 12.4%. The training intervention has negligible effects on bias, noise, and mean squared error. Our results suggest that while offering financial incentives that increase effort make forecasts more realistic, firms may not fully realize the benefits of having easy access to past performance data. The second chapter, co-authored with Nicholas Bloom and Ethan Yeh, uses survey data to assess the impact of COVID-19. We find a significant negative sales impact that peaked in Quarter 2 of 2020, with an average loss of 29% in sales. The large negative impact masks significant heterogeneity, with over 40% of firms reporting zero or a positive impact, while almost a quarter report losses of more than 50%. These impacts also appear to be persistent, with firms that reported the largest sales drops in mid-2020 still forecasting large sales losses a year later in mid-2021. In terms of business types, we find that the smallest offline firms experienced sales drops of over 40% compared to less than 10% for the largest online firms. Finally, in terms of the owners, we find female and black owners reported significantly larger drops in sales. Owners with a humanities degree also experienced far larger losses, while those with a STEM degree experienced the smallest impact. In the third chapter, I explore the extent to which American geographic political polarization is caused by internal migratory patterns, using a novel political campaigning dataset spanning the universe of American voting-age citizens. Contrary to popular belief that migration drives geographic polarization, I estimate that migration reduces it by mixing individuals across politically homogeneous areas. This effect is largely explained by regression to the mean - the United States has become geographically polarized beyond what even strong preferences for self-sorting can sustain. Furthermore, I demonstrate that the political beliefs of internal migrants tend to increasingly reflect the average political beliefs of their destinations the longer they live there. This effect amplifies the depolarizing effect of the migration patterns as individuals who move to less politically homogeneous areas adopt less polarized views.

Download or read book Essays in Labor Economics on Marriage Education and Labor Supply written by Mary Ann Bronson and published by . This book was released on 2014 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation seeks to understand two main issues. The first issue concerns changes in the gender gaps in college attendance and choice of majors between 1960 and 2010. The second main issue concerns changes in the marriage rate in the US since the early twentieth century. The main objective of Chapters 1 and 2 is to answer the following two questions about educational choices: Why do women today invest in a college education at much higher rates than men, whereas fifty years ago men graduated more frequently? And given their high college attendance rates today, why do women continue to select disproportionately into lower-paying majors, with almost no gender convergence along this margin since the mid-1980s? In Chapter 1, I document first that changes in returns to skill over time and gender differences in wage premiums across majors cannot explain the observed gender gaps in educational choices. I then provide reduced-form evidence that two factors help explain the observed gender gaps: first, college degrees provide insurance against very low income for women, especially in case of divorce; second, majors differ substantially in the degree of "work-family flexibility" they offer, such as the size of wage penalties for temporary reductions in labor supply. Based on this reduced-form evidence, in Chapter 2 I construct and estimate a dynamic structural model of marriage, educational choices, and lifetime labor supply. I use the model to analyze the contribution of changes in wages and changes in the marriage market to the observed educational investment patterns over time. I estimate that the insurance value of the college degree for women in case of divorce is equivalent to about 31\% of the college wage premium. I also estimate that the share of women choosing high-return science and business majors would increase from 34\% to 45\% if wage penalties for labor supply reductions were equalized across occupations. Finally, I test the effects of two sets of policies on individuals' choice of major: a differential tuition policy that charges less for science and technical majors, as has been proposed in some states; and interventions intended to improve work-family flexibility. My results show that some family-friendly policies increase the share of women in science and business majors substantially, while others further widen both college gender gaps. Chapter 3, joint work with Maurizio Mazzocco, analyzes changes in U.S. marriage rates over nearly a century. We propose an explanation for these changes in three stages. First, we show that changes in cohort size alone can account for around 50 to 70\% of the variation in marriage rates since the 1930s for both black and white populations. Specifically, increases in cohort size reduce marriage rates, whereas declines in cohort size have the opposite effect. Using plausibly exogenous variation in access to oral contraceptives, and consequently the number of births, across states we provide evidence that the relationship between changes in cohort size and changes in marriage rates is causal. Next, we develop a dynamic search model of the marriage market that qualitatively generates this observed relationship, and derive a testable implication about cohort size's effect on spouses' age differences. Finally, we estimate the model and investigate its consistency with the data. We fail to reject it using the derived implication, and find that it can quantitatively explain much of the observed variation in marriage rates.

Download or read book Essays in Labor and Family Economics written by Maxwell Chenming Rong and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of four essays on labor economics with a particular focus on the causes and consequences of major life cycle choices such as marriage, occupational choice, and retirement. How do the consequential decisions that individuals make in these dimensions affect the kinds of risks they will face throughout their life, and how can they insure themselves against them? I study these questions with a mix of survey and administrative data, using a variety of structural and reduced-form methods. In the first chapter I study how sharing a workplace with one's spouse can affect the dynamics of household income growth and risk, shedding light on the relationship between worker mobility and monopsony power in the labor market. There has been a large empirical literature documenting rent sharing between workers and firms: firms pass through performance shocks to the earnings of their employees, a fact inconsistent with perfectly competitive labor markets. This fact can be rationalized by monopsonistic models of labor markets where firm market power arises from imperfect worker mobility. An untested implication of these models is that firms should use the information available to them to infer differences in mobility for their workers and engage in price discrimination, resulting in differences in rent sharing. In this paper I provide novel evidence for this prediction by studying coworking couples: married couples who share an employer. Using Norwegian administrative data, I quantify differences in the pass-through of idiosyncratic firm shocks to coworking couples, and find that women in coworking couples experience less generous rent sharing: at any given level of firm performance, they have lower income growth than their non-coworking counterparts. These differences result in large differences in household income dynamics: coworking couples face lower average income growth and higher income risk, with substantial consequences for welfare. Firms exploit the fact that coworking couples are less mobile in order to engage in less generous rent sharing agreements, which explain a substantial fraction of the observed difference in income growth and risk. In the second chapter, I study the importance of liquid savings for smoothing consumption in the face of income shocks. I take advantage of a unique institutional feature of certain US retirement accounts, including Individual Retirement Accounts (IRAs): prior to the age of 59.5, withdrawals from these accounts are subject to an additional 10\% tax penalty to discourage early withdrawal. Thus, IRAs undergo a sharp and predictable change in liquidity at age 59.5. Using survey data from the Health and Retirement Study (HRS), I document 3 facts. First, annual withdrawals from IRAs increase sharply by \$1,500 on average after age 59.5. Second, households with low liquid wealth in the form of checking and savings deposits have the largest proportional increases in withdrawals. Finally, IRA withdrawals increase in response to falls in income, but only for those with low liquid wealth. Using consumption data from the CAMS supplement to the HRS, I quantify how the increased liquidity of IRAs after age 59.5 helps households insure consumption against income shocks. In the third chapter, I study how workers of different skill levels are differentially affected by sudden job displacement events. Through a framework of general and occupation-specific human capital, I study the potential labor market consequences of a technology shock such as AI which displaces workers in high-skill occupations. Workers with high general human capital can partially insure themselves against job loss by switching occupations, but they also tend to be employed in occupations with high returns to specific human capital, meaning that their potential losses are much larger. To evaluate the relative size of these two forces, I specify and estimate a dynamic model of occupational choice, and use it to analyze the impact of a hypothetical job-destroying technology shock to high-skill occupations. Despite finding substantial ability of high skill workers to cushion the shock by switching occupations, the model predicts that a 40\% increase in the job destruction rate in high skill occupations results in average earnings losses of 2.4 to 5.4\% for workers in these occupations. These losses are substantially larger than the losses from an analogous shock in low skill occupations. In the fourth chapter, I document and seek to explain a novel fact about gender differences in the cyclicality of unemployment. Using historical Current Population Survey data, I show that after 1979, male unemployment became significantly more cyclical than female. I hypothesize that the reason for this increase is the drastic decline in male unionization rates from the 1980s to the present. I leverage the passage of right-to-work laws in 7 states that weakened the power of unions to test this hypothesis, and find mixed results. However, I also take advantage of the limited panel dimension of the CPS to directly compare the unemployment cyclicality of unionized and non-unionized workers. I show that due to the drastic decrease in male unionization relative to female, even a small difference in union cyclicality can explain a great deal of the gender unemployment cyclicality gap.

Download or read book Essays in Labor Economics written by Arpita Patnaik and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first chapter, I study the implications of short-term costs imposed by pricing structures on college major choice and the role of financial constraints. I examine the effect of major-specific pricing policies on major choice and on the distribution of low-income students across majors. Using the introduction of a surcharge policy in the Engineering and Business programs, I find that raising the program specific tuition by $1000 (11%) decreases the probability of graduating in Business by 33% and in Engineering by 12% and this is driven by the response of low-income students. I then exploit this price variation to identify the labor market returns to these majors. Using these estimates, I find that students are highly responsive to prices despite large earnings losses from switching majors. Motivated by the empirical evidence, I develop and estimate a structural model of college major choice that quantifies the importance of direct price effects and credit constraints. The model estimates suggest that credit constraints rationalize the sensitivity of students to changes in pricing structures. Complementing price differentials with expansions of borrowing limits and means-tested subsidies can minimize the distortion created by pricing. The second chapter characterizes remote work or work-from-home (WFH) jobs and quantifies the welfare gain from these work arrangements. Using data from the ATUS and CPS, I develop a measure of locational flexibility at work. Motivated by the patterns of sorting in the data, I then develop and estimate a generalized model of sectoral choice with amenities. The structural estimates point to differences by gender in the returns to education and experience, compositional differences as well as preferences. I also find that the gender wage gap persists in remote work at 3.9 dollars, most of which is determined by differences in the returns to observable characteristics. With the help of this framework, I find that women have higher valuation (WTP) of these jobs than men. On average, women are willing to pay 3.8 percent of the average hourly wage for locationally flexible jobs whereas men have a low willingness to pay (0.6 percent of hourly wage) for these jobs. Further, college graduates value remote work more than workers without college education with college educated women in particular valuing remote work the most at 4.3 percent of the hourly wage. In chapter three, we estimate a rich model of college major choice using a panel of experimentally derived data. Our estimation strategy combines two types of data: data on self-reported beliefs about future earnings from potential human capital decisions, and survey-based measures of risk and time preferences. We show how to use this data to identify a general life-cycle model, allowing for rich patterns of heterogeneous beliefs and preferences. Our data allow us to separate perceptions about the degree of risk or perceptions about the current versus future payoffs for a choice from the individual's preference for risk and patience. Comparing our estimates of the general model to estimates of models which ignore heterogeneity in risk and time preferences, we find that these restricted models are likely to overstate the importance of earnings to major choice. Additionally, we show that while men are less risk averse and patient than women, gender differences in non-pecuniary tastes, rather than gender differences in risk aversion and patience over earnings, are the primary driver of gender gaps in major choice.

Download or read book Essays in Labor Economics written by Weilong Zhang and published by . This book was released on 2018 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis consists of three chapters. They explore develop and estimate economic models to analyze questions of interests to public policies.Chapter 1 develops and estimates a spatial general equilibrium job search model to study the effects of local and universal (federal) minimum wage policies. In the model, firms post vacancies in multiple locations. Workers, who are heterogeneous in terms of location and education types, engage in random search and can migrate or commute in response to job offers. The model is estimated by combining multiple databases including the American Community Survey (ACS) and Quarterly Workforce Indicators (QWI). The estimated model is used to analyze how minimum wage policies affect employment, wages, job postings, vacancies, migration/commuting, and welfare. Empirical results show that minimum wage increases in local county lead to an exit of low type (education 12 years) workers and an influx of high type workers (education 12 years), which generates negative externalities for workers in neighboring areas. The model is used to simulate the effects of a range of minimum wages. Minimum wage increases up to $14/hour increase the welfare of high type workers but lower the welfare of low type workers, expanding inequality. Increases in excess of $14/hour decrease welfare for all workers. Two counterfactual policies are further evaluated under this framework: restricting labor mobility and preempting local minimum wage laws. For a certain range of minimum wages, both policies have negative impacts on the welfare of high type workers, but benecial effects for low type workers. Chapter 2 poses a dynamic discrete choice model of schooling and occupational choices that incorporates time-varying personality traits, as measured by the so-called "Big Five" traits. The model is estimated using the Household Income and Labor Dynamics in Australia (HILDA) longitudinal dataset from Australia. Personality traits are found to play a critical role in explaining education and occupational choices over the lifecycle. The traits evolve during young adult years but stabilize in the mid-30s. Results show that individuals with a comparative advantage in schooling and white-collar work have, on average, higher cognitive skills and higher personality traits, in all ve dimensions. The estimated model is used to evaluate two education policies: compulsory senior secondary school and a 50% college subsidy. Both policies are found to be effective in increasing educational attainment, but the compulsory schooling policy provides greater benets to lower socioeconomic groups. Allowing personality traits to evolve with age and with years of schooling proves to be important in capturing policy response heterogeneity. Chapter 3 develops and estimates a model of how personality traits affect household time and resource allocation decisions and wages. In the model, households choose between two behavioral modes: cooperative or noncooperative. Spouses receive wage offers and allocate time to supply labor market hours and to produce a public good. Personality traits, measured by the so-called "Big Five" traits, can affect household bargaining weights and wage offers. Model parameters are estimated by Simulated Method of Moments using the Household Income and Labor Dynamics in Australia (HILDA) data. Personality traits are found to be important determinants of household bargaining weights and of wage offers and to have substantial implications for understanding the sources of gender wage disparities.

Download or read book Essays on Labor Supply written by Martino Tasso and published by . This book was released on 2011 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: My dissertation consists of three applied studies in the area of public finance and labor economics. In the first chapter, "The effect of financial aid and tax policies on educational choices", I build and estimate a structural dynamic life-cycle model of education choices, labor force participation, and saving decisions by young men in the United States. The model is estimated with the method of simulated moments using a longitudinal sample of white, black, and Hispanic young men from the 1997 panel of the National Longitudinal Survey of Youth. The model incorporates unobservable abilities, tuition costs, and the main features of the U.S. federal income tax. In particular, it takes into account the structure of the Lifetime Learning Tax Credit. I use the estimated model to simulate the impact of a number of education policy changes. I find a sizeable effect on college enrollment from a general tuition reduction as well as a large increase in graduate school attendance from making the Lifetime Learning Tax Credit refundable. In the second chapter, "Aggregate wage dynamics and labor supply: an application to the U.S.", I estimate labor supply elasticities using the change in the return to skills over time as a source of exogenous variation in gross wages. The last few decades have seen a tremendous amount of change in the U.S. labor market: female labor force participation rates have risen, while the wage premium for college education and wage inequality have increased because of an higher demand for skilled labor. The number of hours worked is found to react weakly to changes in the offered wage. In the third chapter, "Labor supply effects of tax-based income-support mechanisms", I build and estimate a static discrete choice model of labor supply for single women in the United States. It incorporates the main features of the federal income tax. I estimate the model using cross-sectional data, and I use it to simulate hypothetical reforms to the tax and benefit system, which is found to have a large effect on the labor force participation decision of single individuals.

Download or read book Gender and Economics written by Jane Humphries and published by Edward Elgar Publishing. This book was released on 1995 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents 27 articles dating from 1923 to 1994 on gender differences, female labour supply, male-female wage differences and on the historical significance of women's work.

Download or read book The Oxford Handbook of Women and the Economy written by Susan L. Averett and published by Oxford University Press. This book was released on 2018-05-15 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.

Download or read book China s Rebalancing and Gender Inequality written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-05-11 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines gender inequality in the context of structural transformation and rebalancing in China. We document declining women's relative wages and labor force participation in China during the last two decades, despite rapid growth and expansion of the service sector. Using household data, we provide evidence consistent with a U-shaped relationship between economic development and women's labor market outcomes. Using a model of structural transformation, we show that labor market barriers for women have increased over time. Model counterfactuals suggest that removing these barriers and increasing service sector productivity can boost both gender equality and economic growth in China.

Download or read book Gender Equality and Inclusive Growth written by Raquel Fernández and published by International Monetary Fund. This book was released on 2021-03-04 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers various dimensions and sources of gender inequality and presents policies and best practices to address these. With women accounting for fifty percent of the global population, inclusive growth can only be achieved if it promotes gender equality. Despite recent progress, gender gaps remain across all stages of life, including before birth, and negatively impact health, education, and economic outcomes for women. The roadmap to gender equality has to rely on legal framework reforms, policies to promote equal access, and efforts to tackle entrenched social norms. These need to be set in the context of arising new trends such as digitalization, climate change, as well as shocks such as pandemics.

Download or read book Women Work and the Economy written by Ms.Katrin Elborgh-Woytek and published by International Monetary Fund. This book was released on 2013-12-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries.

Download or read book American Doctoral Dissertations written by and published by . This book was released on 2002 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mastering Metrics written by Joshua D. Angrist and published by Princeton University Press. This book was released on 2014-12-21 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible and fun guide to the essential tools of econometric research Applied econometrics, known to aficionados as 'metrics, is the original data science. 'Metrics encompasses the statistical methods economists use to untangle cause and effect in human affairs. Through accessible discussion and with a dose of kung fu–themed humor, Mastering 'Metrics presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful. The five most valuable econometric methods, or what the authors call the Furious Five--random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences--are illustrated through well-crafted real-world examples (vetted for awesomeness by Kung Fu Panda's Jade Palace). Does health insurance make you healthier? Randomized experiments provide answers. Are expensive private colleges and selective public high schools better than more pedestrian institutions? Regression analysis and a regression discontinuity design reveal the surprising truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved his ex-wife's life? Instrumental variables methods instruct law enforcement authorities in how best to respond to domestic abuse. Wielding econometric tools with skill and confidence, Mastering 'Metrics uses data and statistics to illuminate the path from cause to effect. Shows why econometrics is important Explains econometric research through humorous and accessible discussion Outlines empirical methods central to modern econometric practice Works through interesting and relevant real-world examples

Download or read book Gender Inequality and Economic Growth Evidence from Industry Level Data written by Ata Can Bertay and published by International Monetary Fund. This book was released on 2020-07-03 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study whether higher gender equality facilitates economic growth by enabling better allocation of a valuable resource: female labor. By allocating female labor to its more productive use, we hypothesize that reducing gender inequality should disproportionately benefit industries with typically higher female share in their employment relative to other industries. Specifically, we exploit within-country variation across industries to test whether those that typically employ more women grow relatively faster in countries with ex-ante lower gender inequality. The test allows us to identify the causal effect of gender inequality on industry growth in value-added and labor productivity. Our findings show that gender inequality affects real economic outcomes.