Browsing by Subject "Earnings"

Now showing 1 - 4 of 4
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    Military Service and Civilian Labor Market Outcomes: Comparing Employment of Post-9/11 Veterans and Nonveterans
    (2016-01-05) Ordway, Matthew
    Veterans struggle to enter the civilian labor market following military service. Since the September 11 terrorist attacks, over 3.2 million Americans have served in the military. Upon returning home, these veterans are twenty percent more likely to be unemployed than nonveterans (7.2% vs 6%, respectively). This study investigates the association between military service and employment outcomes (employment status and weekly earnings) for post-9/11 veterans, a heretofore understudied group. Data was obtained from the Current Population Survey (CPS) Veteran Supplement. Linear probability models and OLS regressions were utilized to compare employment outcomes between veterans and nonveterans of similar age, education and race/ethnicity (“veteran effect”). Findings suggest that the veteran effect on employment is negative while the veteran effect on earnings, given employment, is positive. This is likely because of selection bias; the most productive veterans find employment and therefore command higher wages. Veteran effects differ by race and ethnicity, length of military service and time since service. Policymakers should tailor transition programs to the most vulnerable veterans, such as long-term military personnel.
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    Post-Earnings-Announcement Drift Among Newly Issued Public Companies in U.S. Capital Markets
    (2013-04-30) Saifan, Sami
    Post-earnings-announcement drift is the tendency for a stock’s cumulative abnormal returns to drift in the direction of an earnings surprise for several weeks following an earnings announcement. I show that the drift is significantly more pronounced when investigating the unexpected earnings of initial public offerings in comparison to the aggregate U.S. stock market. My results suggest that this disparity is attributable to firm-specific characteristics inherent in initial public offerings and the extraordinary growth numerous young firms experience. Further, I postulate that drift patterns following earnings announcements for IPO firms differ from those observed in prior PEAD research.
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    The Decision to Work by Married Immigrant Women
    (1993-07) Duleep, Harriet Orcutt; Sanders, Seth
    Using 1980 Census data, the authors analyze the labor force participation of married immigrant Asian women by country of origin, compared with that of married immigrant women from Europe and Canada. The results suggest the existence of a family investment strategy: evidence from both across groups and within groups indicates that a woman's decision to work is affected by whether she has a husband who invests in skills specific to the U.S. labor market, and also by the extent of that investment. Such a family response may help offset the low earnings of immigrant men who initially lack skills for which there is a demand in the American labor market.
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    The Earnings Effects of Sexual Orientation
    (2003-04) Black, Dan A; Makar, Hoda R; Sanders, Seth; Taylor, Lowell J
    This investigation of the effect of sexual orientation on earnings employs General Social Survey data from 1989-96. Depending largely on the definition of sexual orientation used, earnings are estimated as having been between 14% and 16% lower for gay men than for heterosexual men, and between 20% and 34% higher for lesbian women than for heterosexual women. This evidence, the authors suggest, is consistent with either of two complementary constructions: Gary Becker's argument that male/female earnings differentials are rooted in specialization within households and in optimal human capital accumulation decisions individuals make when they are young; and Claudia Goldin's observations about marriage-based gender discrimination, according to which the paternalistic "protection" of wives and mothers from the world of work has tended to overlook lesbians.