Exploiting long term interindustry demand shifts, this article provides evidence that (1) industry‐level wages do not respond to industry demand conditions; (2) at the industry level, the employment of young workers responds more to demand shifts than does the employment of experienced workers; and (3) the postdisplacement wages of displaced workers are strongly affected by demand in their predisplacement industries. These findings are consistent with a model in which worker's investments in industry‐specific skills pose a barrier to interindustry labor mobility and wages do not respond to spot labor market conditions.

Economists explain the positive relationship between parental income and children’s outcomes using an investment model. Building on work in psychology and sociology, this paper emphasizes the importance of child‐rearing practices, which vary with income. I argue that parents’ ability to mold their children’s behavior through pecuniary incentives is limited at low incomes, leading to lower outcomes and increased reliance on nonpecuniary mechanisms such as corporal punishment. My model generates a positive relationship between parental income and children’s outcomes especially at low incomes and endogenously produces a relationship between parental income and child‐rearing practices. Empirical work confirms these implications.

We study the effects of peer gender composition in STEM doctoral programs on persistence and degree completion. Leveraging unique new data and quasi-random variation in gender composition across cohorts within programs, we show that women entering cohorts with no female peers are 11.7pp less likely to graduate within 6 years than their male counterparts. A 1 sd increase in the percentage of female students differentially increases women's probability of on-time graduation by 4.4pp. These gender peer effects function primarily through changes in the probability of dropping out in the first year of a Ph.D. program.

Creating Modern Art: The Changing Careers of Painters in France from Impressionism to Cubism by David W. Galenson and Bruce A. Weinberg. Published in volume 91, issue 4, pages 1063-1071 of American Economic Review, September 2001

Psychologists have found that the age at which successful practitioners typically do their best work varies across professions, but they have not considered whether these peak ages change over time, as economic models suggest they might. Using auction records, we estimate the relationship between artists' ages and the value of their paintings for two successive cohorts of leading modern American painters: de Kooning, Pollock, Rothko, and others born during 19001920 and Frank Stella, Warhol, and others born during 192140. We find that a substantial decline occurred over time in the age at which these artists produced their most valuableand most importantwork and argue that this was caused by a shift in the nature of the demand for modern art during the 1950s.

This paper examines the transmission of human capital from parents to children using variation in parental influence due to parental death, divorce, and the increasing specialization of parental roles in larger families. All three sources of variation yield strikingly similar patterns that show that the strong parent-child correlation in human capital is largely causal. In each case, the parent-child correlation in education is stronger with the parent who spends more time with the child and weaker with the parent who spends relatively less time parenting. These findings help us understand why educated parents spend more time with their children.

Women are underrepresented in science and engineering, with the underrepresentation increasing in career stage. We analyze gender differences at critical junctures in the STEM pathway--graduate training and the early career--using UMETRICS administrative data matched to the 2010 Census and W-2s. We find strong gender separation in teams, although the effects of this are ambiguous. While no clear disadvantages exist in training environments, women earn 10% less than men once we include a wide range of controls, most notably field of study. This gap disappears once we control for women's marital status and presence of children.

Using a confidential version of the NLSY79, we estimate large effects of neighborhood social characteristics and job proximity on labor market activity. A variety of neighborhood social characteristics are associated with less market work. Social characteristics have nonlinear effects, with the greatest impact in the worst neighborhoods. Social characteristics are also more important for less‐educated workers. Exploiting the panel aspects of our data, we find that estimates that do not account for neighborhood selection on the basis of time‐invariant and time‐varying unobserved individual characteristics substantially overstate the social effects of neighborhoods but understate the effects of job access.

The labor market prospects of young, unskilled men fell dramatically in the 1980s and improved in the 1990s. Crime rates show a reverse pattern: increasing during the 1980s and falling in the 1990s. Because young, unskilled men commit most crime, this paper seeks to establish a causal relationship between the two trends. Previous work on the relationship between labor markets and crime focused mainly on the relationship between the unemployment rate and crime, and found inconclusive results. In contrast, this paper examines the impact of both wages and unemployment on crime, and uses instrumental variables to establish causality. We conclude that both wages and unemployment are significantly related to crime, but that wages played a larger role in the crime trends over the last few decades. These results are robust to the inclusion of deterrence variables, controls for simultaneity, and controlling for individual and family characteristics.