Center for Human Capital Studies

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Publications

CHCS Working Papers

2012

The Long Run Health Returns to College Quality
Jason M. Fletcher and David E. Frisvold
CHCS Working Paper 2012-1 (July)
The authors examine the long-term relationship between health behaviors and graduating from a selective college. They find large effects of college selectivity on reducing overweight for individuals in their sixties.


Atlanta Fed Working Papers

2012

Housing Wealth and Wage Bargaining
Chris Cunningham and Robert R. Reed
Working Paper 2012-20
December 2012
Examining the relationship between housing equity and wage earnings and using data from the American Housing Survey, the authors show that workers with underwater mortgages who fear default will settle for lower wages.

Wages and Unemployment across Business Cycles: A High-Frequency Investigation
Lei Fang and Pedro Silos
Working Paper 2012-16 (October)
Investigating the change in wages associated with a spell of unemployment, the authors find that the degree of wage rigidity varies across recessions; wage changes pre- and post-unemployment are sometimes procyclical and sometimes countercyclical.

Comparative Advantage and Risk Premia in Labor Markets
German Cubas and Pedro Silos
Working Paper 2012-15 (October)
Examining the association between earnings risk and the level of earnings across 21 industries, the authors find that the positive association between permanent risk and earnings is compensation for risk, but selection is responsible for the observed relationship between temporary risk and the level of earnings.

A Closer Look at Nonparticipants During and After the Great Recession
Julie L. Hotchkiss, M. Melinda Pitts, and Fernando Rios-Avila
Working Paper 2012-10 (August)
Around the 2008 recession, people increasingly gave "schooling" and "other" as reasons for leaving the labor market. Using matched individual-level data, the authors examine the reasons behind this shift and its implications for the labor force.

The Wage Impact of Undocumented Workers
Julie L. Hotchkiss, Myriam Quispe-Agnoli, and Fernando Rios-Avila
Working Paper 2012-4 (March)
Using data from Georgia, the authors find that earnings of a documented worker employed by a firm that hires undocumented workers are marginally lower than if he or she were employed by a firm that does not hire undocumented workers.

Human Capital Portfolios
Pedro Silos and Eric Smith
Working Paper 2012-3 (February)
The authors assess the trade-off between diversification and specialization in portfolios of skills when there is uncertainty about occupational fit. Forced specialization decreases income growth but also decreases inequality.

Does Employing Undocumented Workers Give Firms a Competitive Advantage?
J. David Brown, Julie L. Hotchkiss, and Myriam Quispe-Agnoli
Working Paper 2012-2a (Revised November 2012)
The authors find that a firm not employing undocumented workers is at a competitive disadvantage, especially if its rivals do. However, they also determine that the impact of employing undocumented workers varies across sectors and with the skill level of the workers, among other factors.


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