Labor Market Performance During the COVID-19 Pandemic: State Policy, Compliance, and Social Behavior

Julian W. Klingen, Oberlin College

The outbreak of the COVID-19 pandemic in late February 2020 in the United States constituted an unprecedented economic shock, in addition to the tragic loss of life, and sparked a rapidly growing literature on the economic implications. Exploiting county-level data in the U.S. from January – August 2020, this paper examines labor market performance in structurally similar counties situated along state borders that were exposed to varying degrees of nonpharmaceutical interventions. Continue reading Labor Market Performance During the COVID-19 Pandemic: State Policy, Compliance, and Social Behavior

The Impact of Liquidity Constraints on Job Seekers’ Reservation Wage

Giovanni M. Topa, Columbia University

I use novel data from the Survey of Consumer Expectations, conducted by the Federal Reserve Bank of New York, and data from the Survey of Unemployed Workers in New Jersey, both of which directly elicit individuals’ reservation wages to study the effects of being liquidity constrained on reservation wages. Continue reading The Impact of Liquidity Constraints on Job Seekers’ Reservation Wage

Our Summer 2021 Issue

On behalf of the Comparative Advantage Editorial Board, we are pleased to present the ninth volume, summer issue, of Stanford University’s undergraduate economics journal. This volume presents undergraduate work on a wide variety of topics, including environmental economics, political economy, and labor economics. Furthermore, as the COVID-19 pandemic continues to exact a toll on individuals and healthcare systems worldwide, this volume may inform the debates … Continue reading Our Summer 2021 Issue

BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models

Sarah von Bargen, Columbia University

This paper analyzes the relationships between refugee and asylum seeker flows, unemployment rates, and suicide rates using both structural vector autoregression and dynamic panel models. Specifically, structural VAR is initially used for analyzing data from 1980-2018 in the United States, and a random effects dynamic panel model is utilized for analyzing post-2008 financial crisis data of these four variables in the United States, France, and the United Kingdom. Continue reading BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models

BLOG: Analyzing the Effects of Unemployment on Political Polarization in New York State

By Mohammed Al-Khulaifi, Georgetown University School of Foreign Service

In this empirical research I attempt to investigate possible causation between the level of unemployment and the level of political polarization in New York State by county. I hypothesize that the increase in unemployment will lead to higher levels of political polarization following the intuition of political fanaticism grounded on economic distress. Continue reading BLOG: Analyzing the Effects of Unemployment on Political Polarization in New York State

BLOG: The Impact of Minimum Wage Implementation on Women’s Earnings: Evidence from Malaysia

By May Lyn Cheah, University of California, Berkeley

This paper investigates the effect of the introduction of minimum wage legislation in Malaysia, which became effective from January 1, 2013 for employers with six employees or more, and was fully enforced by January 1, 2014 for all employers. The minimum wage ruling prescribed a rate of RM900 (ŨSD 230) per month for Peninsula Malaysia and RM800 (ŨSD 204) for Sabah, Sarawak and Wilayah Persekutuan Labuan. Continue reading BLOG: The Impact of Minimum Wage Implementation on Women’s Earnings: Evidence from Malaysia

BLOG: Employment Effects of Minimum Wage Increases – A Matched Pairs Design Using US Data

By Eric Karsten, Chong An Ong, Immanuel Adriana Rakshana, and Arushi Saksena, University of Chicago 

The minimum wage is a contentious issue, with proponents arguing that it is required to protect the wage security of low-income earners, and opponents arguing that it places downwards pressure on employment in the labor market. Our paper uses a differences in differences regression model, similar to the one used in Card & Krueger(1993) to estimate the unemployment effects of a minimum wage increase. Continue reading BLOG: Employment Effects of Minimum Wage Increases – A Matched Pairs Design Using US Data

BLOG: To Stay or Migrate? Preferences and Occupational Choice in China’s Rural Ethnic Tourism Industry

By Virginia Zhang, New York University

Though rural workers in China now have more opportunities for rural-urban migration, they still face uncertainties in urban labor markets. For many rural Chinese ethnic minority workers, … Continue reading BLOG: To Stay or Migrate? Preferences and Occupational Choice in China’s Rural Ethnic Tourism Industry