Search Results

View Selected Citations Select and View All Search Citations

Author: Griffy, Benjamin S.

Resulting in 3 citations.

1.	Braun, Christine Engelhardt, Bryan Griffy, Benjamin S. Rupert, Peter
1.	Testing the Independence of Job Arrival Rates and Wage Offers Labour Economics 63 (April 2020): 101804. Also: https://www.sciencedirect.com/science/article/pii/S0927537120300105 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): Job Search; Unemployment Insurance; Wage Dynamics Is the arrival rate of a job independent of the wage that it pays? We answer this question by testing whether unemployment insurance alters the job finding rate differentially across the wage distribution. To do this, we use a Mixed Proportional Hazard Competing Risk Model in which we classify quantiles of the wage distribution as competing risks faced by searching unemployed workers. Allowing for flexible unobserved heterogeneity across spells, we find that unemployment insurance increases the likelihood that a searcher matches to higher paying jobs relative to low or medium paying jobs, rejecting the notion that wage offers and job arrival rates are independent. We show that dependence between wages and job offer arrival rates explains 9% of the increase in the duration of unemployment associated with unemployment insurance.
	Bibliography Citation Braun, Christine, Bryan Engelhardt, Benjamin S. Griffy and Peter Rupert. "Testing the Independence of Job Arrival Rates and Wage Offers." Labour Economics 63 (April 2020): 101804.

2.	Griffy, Benjamin S.
2.	Search and the Sources of Life-Cycle Inequality International Economic Review published online (18 June 2021): DOI: 10.1111/iere.12522. Also: https://onlinelibrary.wiley.com/doi/10.1111/iere.12522 Cohort(s): NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Armed Forces Qualifications Test (AFQT); Earnings; Job Search; Life Cycle Research; Panel Study of Income Dynamics (PSID); Unemployment; Wealth I study how initial wealth affects lifetime earnings inequality when labor markets are frictional. To do this, I construct a model life-cycle model with search frictions, incomplete markets, and endogenous human capital accumulation. In the model, incomplete markets prevent low-wealth workers from smoothing consumption, causing them to accept low pay jobs while unemployed. In anticipation, they build savings instead of human capital while employed. This amplifies the importance of initial wealth for life-cycle inequality. Using this model, I find that differences in initial wealth cause larger differences in lifetime earnings than either initial human capital or ability.
	Bibliography Citation Griffy, Benjamin S. "Search and the Sources of Life-Cycle Inequality." International Economic Review published online (18 June 2021): DOI: 10.1111/iere.12522.

3.	Griffy, Benjamin S.
3.	Three Essays on Market Imperfections and Inequality Ph.D. Dissertation, Department of Economics, University of California, Santa Barbara, 2018 Cohort(s): NLSY97 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Job Search; Modeling, Hazard/Event History/Survival/Duration; Unemployment Insurance Permission to reprint the abstract has not been received from the publisher. My second chapter deals with the appropriate approach to modeling frictional labor markets, and is joint work with Christine Braun, Bryan Engelhardt, and Peter Rupert. In it, we address whether the arrival rate of a job independent of the wage that it pays. To do this we address how, and to what extent, unemployment insurance changes the hazard rate of leaving unemployment across the wage distribution using a Mixed Proportional Hazard Competing Risk Model and data from the 1997 National Longitudinal Survey of Youth. Controlling for worker characteristics we reject that job arrival rates are independent of the wages offered. We apply the results to several prominent job-search models and interpret how our findings are key to determining the efficacy of unemployment insurance.
	Bibliography Citation Griffy, Benjamin S. Three Essays on Market Imperfections and Inequality. Ph.D. Dissertation, Department of Economics, University of California, Santa Barbara, 2018.

Admin