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222 result(s) for "Loughran, David S"
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The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data
Despite numerous empirical studies, there is surprisingly little agreement about whether the Social Security earnings test affects male labor supply. In this paper, we provide a comprehensive analysis of the labor supply effects of the earnings test using longitudinal administrative earnings data and more commonly used survey data. We find that the response to the earnings test in survey data is obfuscated by measurement error and labor market rigidities. Accounting for these factors, our results suggest a consistent and substantial response to the earnings test, especially for younger men.
Why Wait? The Effect of Marriage and Childbearing on the Wages of Men and Women
We use data from the earlier and later cohorts of the NLSY to estimate the effect of marriage and childbearing on wages. Our estimates imply that marriage lowers female wages 2-4 percent in the year of marriage. Marriage also lowers the wage growth of men and women by about two and four percentage points, respectively. A first birth lowers female wages 2-3 percent, but has no effect on wage growth. Male wages are unaffected by childbearing. These findings suggest that early marriage and childbearing can lead to substantial decreases in lifetime earnings.
ENDOWMENTS AND PARENTAL INVESTMENTS IN INFANCY AND EARLY CHILDHOOD
This article tests whether parents reinforce or compensate for child endowments. We estimate how the difference in birth weight across siblings impacts specific parental investments: breast-feeding, well-baby visits, immunizations, and preschool attendance. Our results indicate that normal-birth-weight children are 5%–11% more likely to receive early childhood parental investments than their low-birth-weight siblings. Moreover, the presence of additional low-birth-weight siblings in the household increases the likelihood of investments such as well-baby visits and immunizations for normal-birth-weight children. These results suggest that parental investments in early childhood tend to reinforce endowment differences.
The Effect of Male Wage Inequality on Female Age at First Marriage
A model in which women search for husbands characterized by their wages predicts increasing within-group male wage inequality, raises the expected value of continued marital search, and so lowers female marriage propensities. Using 1970, 1980, and 1990 census data, I test this hypothesis within geographically, racially, and educationally defined marriage markets. The estimates suggest rising male wage inequality accounted for 7% to 18% of the decline in the propensity to marry between 1970 and 1990 for white women and more-educated black women. Growing wage inequality appears to have had little effect on the marriage behavior of less-educated black women.
Why Wait?: The Effect of Marriage and Childbearing on the Wages of Men and Women
We use data from the earlier and later cohorts of the NLSY to estimate the effect of marriage and childbearing on wages. Our estimates imply that marriage lowers female wages 2–4 percent in the year of marriage. Marriage also lowers the wage growth of men and women by about two and four percentage points, respectively. A first birth lowers female wages 2–3 percent, but has no effect on wage growth. Male wages are unaffected by childbearing. These findings suggest that early marriage and childbearing can lead to substantial decreases in lifetime earnings.
Demand-Side Management and Energy Efficiency in the United States
Between 1989 and 1999, U.S. electric utilities spent $14.7 billion on demand-side management (DSM) programs aimed at encouraging their customers to make investments in energy efficiency. This study relies on panel data on 324 utilities spanning 11 years to estimate the effect of DSM expenditures on retail electricity sales. Our estimates imply that DSM had a much smaller effect on retail electricity sales than do estimates reported by utilities themselves over the same study period.
Regulating Older Drivers
Are older drivers posing increasing risk to the public? If so, what public policies might mitigate that risk? Older drivers (those 65 and older) are slightly likelier than drivers aged 25 to 64 to cause an accident, but drivers aged 15 to 24 are nearly three times likelier than older drivers to do so. The authors of this paper conclude that stricter licensing policies targeting older drivers would likely not improve traffic safety substantially.
Analysis of Financial Support to the Surviving Spouses and Children of Casualties in the Iraq and Afghanistan Wars
Examines how the death of service members affects the subsequent labor market earnings of surviving spouses and the extent to which survivor benefits provided by the Department of Defense, the Department of Veterans Affairs, and the Social Security Administration compensate for lost household earnings. Also assesses the extent to which payments surviving spouses and children receive compensate for earnings losses attributable to combat death.
The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data
Despite numerous empirical studies, there is surprisingly little agreement about whether the Social Security earnings test affects male labor supply. In this paper, we provide a comprehensive analysis of the labor supply effects of the earnings test using longitudinal administrative earnings data and more commonly used survey data. We find that the response to the earnings test in survey data is obfuscated by measurement error and labor market rigidities. Accounting for these factors, our results suggest a consistent and substantial response to the earnings test, especially for younger men.
Compensating Wounded Warriors
This comprehensive, quantitative assessment of how injury sustained by service members deployed to Iraq and Afghanistan affects their subsequent labor market earnings also explores the extent to which retirement and disability payments compensate for any resulting earnings losses. The analysis controls for a rich array of individual-level characteristics, including labor market outcomes prior to deployment.