Journal ArticleDOI
Scar effects of unemployment : An assessment of institutional complementarities
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This article used panel data from the Survey of Income and Program Participation (SIPP) and the European Community Household Panel (ECHP) for a comparative analysis of workers' post-unemployment earnings trajectories in the United States and 12 Western European countries.Abstract:
This article uses panel data from the Survey of Income and Program Participation (SIPP) and the European Community Household Panel (ECHP) for a comparative analysis of workers' post-unemployment earnings trajectories in the United States and 12 Western European countries. Across the study sample of industrialized countries, results of difference-in-difference propensity score matching show post-unemployment earnings losses to be largely permanent and particularly significant for high-wage and older workers as well as for women. The analyses also show that negative effects of unemployment on workers' subsequent earnings are mitigated through either generous unemployment benefit systems or strict labor market regulation. These effects stem partly from favorable behavioral responses that prevent downward occupational and industrial mobility and partly from changes in the overall structure of labor markets favoring the transferability of worker skills between jobs. These positive effects materialize despite t...read more
Citations
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Journal ArticleDOI
Social and Economic Returns to College Education in the United States
TL;DR: This paper found that education correlates strongly with most important social and economic outcomes such as economic success, health, family stability, and social connections, and that investments in education pay off for individuals in many ways.
Journal ArticleDOI
A Systematic Review of Propensity Score Methods in the Social Sciences.
Felix Thoemmes,Eun Sook Kim +1 more
TL;DR: A systematic literature review of a large number of published articles in major areas of social science that used propensity scores up until the fall of 2009 identifies common errors in estimation, conditioning, and reporting of propensity score analyses and suggests possible solutions.
Journal ArticleDOI
Causal Inference in Sociological Research
TL;DR: In this paper, the authors present the basic potential outcomes model and discuss the main approaches to identification in social science research, and then address approaches to the statistical estimation of treatment effects either under unconfoundedness or in the presence of unmeasured heterogeneity.
Journal ArticleDOI
Using the Propensity Score Method to Estimate Causal Effects A Review and Practical Guide
TL;DR: The propensity score method (PSM)—which has previously been widely employed in social science disciplines such as public health and economics—is introduced to the management field and a procedure for applying the PSM to estimate the causal effects of intervention is developed.
Journal ArticleDOI
Economic Insecurity and Social Stratification
TL;DR: In this paper, a four-part framework for studying the distribution and trends in these economic risks is proposed, which captures the micro-level risk pooling that can smooth income flows and stabilize economic well-being.
References
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Book
The Three Worlds of Welfare Capitalism
TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
Book
Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education
TL;DR: In this paper, the effects of investment in education and training on earnings and employment are discussed. But the authors focus on the relationship between age and earnings and do not explore the relation between education and fertility.
Posted Content
Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education
TL;DR: In this paper, the impact of investments in human capital on an individual's potential earnings and psychic income was analyzed, taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level.