workforce

Propensity Score Matching, a Distance-Based Measure of Migration, and the Wage Growth of Young Men

This paper estimates the effect of U.S. internal migration on real wage growth between the movers’ first and second jobs. Findings indicate a significant effect of migration on the wage growth of college graduates of 10 percent and a marginally significant effect for high school dropouts of -12 percent.

Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?

This paper develops four propositions that show that changes in the global job market for science and engineering (S&E) workers are eroding US dominance in S&E, which diminishes comparative advantage in high tech production and creates problems for American industry and workers.

Brain Gain: Claims about Its Size and Impact on Welfare and Growth Are Greatly Exaggerated

Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in welfare and growth due to education’s positive externalities. This paper, on the other hand, argues that these claims are exaggerated.

Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?

The authors find that technologys effect on employment varies greatly across manufacturing industries. Some industries exhibit a temporary reduction in employment in response to a permanent increase in TFP, whereas far more industries exhibit an employment increase in response to a permanent TFP shock.

Job-hopping in Silicon Valley: Some Evidence Concerning the Micro-Foundations of a High-technology Cluster

In Silicon Valleys computer cluster, skilled employees are reported to move rapidly between competing firms, according to the authors. If true, this job-hopping facilitates the reallocation of resources towards firms with superior innovations, but it also creates human capital externalities that reduce incentives to invest in new knowledge.