University of California, Davis
One Shields Avenue
Department of Economics
Davis, CA 95616
NBER Working Papers and Publications
|October 2015||Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response|
with Andrew Foote, Ann Huff Stevens: w21618
Large shocks to local labor markets can cause long-lasting changes to employment, unemployment and the local labor force. This study examines the relationship between mass layoffs and the long-run size of the local labor force. It considers four main channels through which the local labor force may adjust: in-migration, out-migration, retirement, and disability insurance enrollment. We show that these channels account for over half of the labor force reductions following a mass layoff event. By measuring the residual difference between these channels and net labor force change, we also show that labor force non-participation accounted for much of the local labor force response in the period during and after the Great Recession.
|April 2015||Career Technical Education and Labor Market Outcomes: Evidence from California Community Colleges|
with Ann Huff Stevens, Michal Kurlaender: w21137
This paper estimates the earnings returns to vocational, or career technical, education programs in the nation’s largest community college system. While career technical education (CTE) programs have often been mentioned as an attractive alternative to four-year colleges for some students, very little systematic evidence exists on the returns to specific vocational certificates and degrees. Using administrative data covering the entire California Community College system and linked administrative earnings records, this study estimates returns to CTE education. We use rich pre-enrollment earnings data and estimation approaches including individual fixed effects and individual trends, and find average returns to CTE certificate and degrees that range from 12 to 23 percent. The largest ret...