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The Flow Approach to Labor Markets: New Data Sources and Micro-Macro Links

[Symposium: American Employment]

By Steven J. Davis, R. Jason Faberman, and John Haltiwanger

Journal of Economic Perspectives, Summer 2006

New data sources and products developed by the Bureau of Labor Statistics and the Bureau of the Census highlight the fluid character of U.S. labor markets. Private sector job creation and destruction rates average nearly 8 percent of employment per quarte...

Top Incomes in the Long Run of History

By Anthony B. Atkinson, Thomas Piketty, and Emmanuel Saez

Journal of Economic Literature, March 2011

A recent literature has constructed top income shares time series over the long run for more than twenty countries using income tax statistics. Top incomes represent a small share of the population but a very significant share of total income and total ta...

The Gender Gap in Secondary School Mathematics at High Achievement Levels: Evidence from the American Mathematics Competitions

[Symposium: Tests and Gender]

By Glenn Ellison and Ashley Swanson

Journal of Economic Perspectives, Spring 2010

This paper uses a new data source, American Mathematics Competitions, to examine the gender gap among high school students at very high achievement levels. The data bring out several new facts. There is a large gender gap that widens dramatically at perce...

The Long Slump

By Robert E. Hall

òòò½Íø Review, April 2011

In a market-clearing economy, declines in demand from one sector do not cause large declines in aggregate output because other sectors expand. The key price mediating the response is the interest rate. A decline in the rate stimulates all categories of sp...

When Should Sellers Use Auctions?

By James W. Roberts and Andrew Sweeting

òòò½Íø Review, August 2013

A bidding process can be organized so that offers are submitted simultaneously or sequentially. In the latter case, potential buyers can condition their behavior on previous entrants' decisions. The relative performance of these mechanisms is investiga...