Bachelor of Arts
Labor, Economics, Unemployment, Wages
The most disturbing and difficult empirical problems of labor economics revolve around the absence of crucial information; the wage an unemployed person would receive if he or she were working. The most controversial policy problem of labor economics is embodied in the question; when is unemployment a problem? The goal of this paper is to propose a methodology for studying the first problem that sheds some light on the second.
Angrist, Joshua David, "Sample Selection Bias and the Nature of Unemployment" (1982). Honors Papers. 650.