Colonial Military Garrisons as Labor‐Market Shocks: Quebec City and Boston, 1760–1775

2020 ◽  
Vol 101 (4) ◽  
pp. 1326-1344
Author(s):  
Jeremy Land ◽  
Vincent Geloso
Keyword(s):  
Labor Market ◽  
Quebec City ◽  
Labor Market Shocks ◽  
Market Shocks

scholarly journals Parents with an Unemployed Adult Child: Consumption, Income, and Savings Effects

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Kathryn Anne Edwards ◽  
Jeffrey B. Wenger
Keyword(s):  
Labor Market ◽  
Older Workers ◽  
Financial Support ◽  
Risk Sharing ◽  
Panel Study ◽  
Adult Child ◽  
Retirement Savings ◽  
Parent Outcomes ◽  
Labor Market Shocks ◽  
Market Shocks

AbstractThe risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children financially through an unemployment spell. In this paper, we also provide evidence of financial support from parents and investigate if this financial support is accompanied by adjustments to parental consumption, income, or savings behavior. With longitudinal data on mothers and children from the Panel Study of Income Dynamics, we use within-mother variation in behavior to identify the effect of a child’s labor market shock on parent outcomes. We find evidence of a decline in consumption, an increase in labor supply, and a decrease retirement savings, though the results are heterogenous among mothers. Our results point to aggregate inefficiencies and inequities that may result from family risk sharing.

The Effect of Labor Market Shocks Across the Life Cycle

2021 ◽  
Author(s):  
Kjell G. Salvanes ◽  
Barton Willage ◽  
Alexander Willén
Keyword(s):  
Labor Market ◽  
Life Cycle ◽  
Labor Market Shocks ◽  
Market Shocks

War Mobilization and the Great Compression

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Carol A. Scotese
Keyword(s):  
Labor Market ◽  
Wage Inequality ◽  
Armed Forces ◽  
Return To Education ◽  
Wage Distribution ◽  
Elderly Workers ◽  
Female Wage ◽  
Labor Market Shocks ◽  
Market Shocks ◽  
War Mobilization

Abstract During the 1940s, the diversion of 55% of the workforce to wartime production, the induction of over 10 million young men into the armed forces, and the entry of millions of female, young, and elderly workers into the workplace subjected the labor force to large shocks. Also during the 1940s, the wage distribution compressed sharply and the returns to education fell. This paper uses wage changes between occupations to link wartime labor market shocks to the decline in the return to education and the decline in wage inequality. Wartime production favoring semi-skilled labor and the occupation-biased nature of the draft combined to compress both the lower and upper tails of the male wage distribution and the upper portion of the female wage distribution.

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