Publications

1991
Gibbons R, Katz LF. Layoffs and Lemons. Journal of Labor Economics. 1991;9 :351-380. PDF
Cutler DM, Katz LF. Macroeconomic Performance and the Disadvantaged. Brookings Papers on Economic Activity. 1991;2 :1-74. PDF
1990
Katz LF, Meyer BD. The Impact of the Potential Duration of Unemployment Benefits on the Duration of Unemployment. Journal of Public Economics. 1990;41 (1) :45-72. WebsiteAbstract

This paper examines the impact of the potential duration of unemployment insurance (UI) benefits on unemployment in the United States. First, we use a large sample of household heads to examine differences in the unemployment spell distributions of UI recipients and nonrecipients. Sharp increases in the escape rate from unemployment both through recalls and new job acceptances are apparent for UI recipients around the time of benefits exhaustion. Such increases are not apparent at similar points of spell duration for nonrecipients. Second, our analysis of accurate administrative data from 12 states indicates that a one week increase in potential benefit duration increases the average duration of the unemployment spells of UI recipients by 0.16 to 0.20 weeks.

Katz LF, Meyer BD. Unemployment Insurance, Recall Expectations, and Unemployment Outcomes. Quarterly Journal of Economics. 1990;105 (4) :973-1002. katz_meyer_ui_qje_1990_01.pdf
1989
Katz LF, Revenga A. Changes in the Structure of Wages: The United States vs. Japan. Journal of the Japanese and International Economies. 1989;3 (4) :522-553. Website katz_revenga_w3021.pdf
Akerlof G, Katz LF. Workers' Trust Funds and the Logic of Wage Profiles. Quarterly Journal of Economics. 1989;104 (3) :525-36. ak_qje_1989.pdf
Katz LF, Summers LH. Can Interindustry Wage Differentials Justify Strategic Trade Policy?. In: Feenstra RC Trade Policies for International Competitiveness. Chicago: NBER and University of Chicago Press ; 1989. pp. 85-124. Website ks_trade_nber_1989.pdf
Katz LF, Summers LH. Industry Rents: Evidence and Implications. Brookings Papers on Economic Activity: Microeconomics. 1989 :209-90. Website 1989_bpeamicro_katz.pdf
Dickens WT, Katz LF, Lang K, Summers LH. Employee Crime and the Monitoring Puzzle. Journal of Labor Economics. 1989;7 :331-347. PDF
1988
Katz LF. Some Recent Developments in Labor Economics and Their Implications for Macroeconomics. Journal of Money, Credit, and Banking. 1988;20 (3) :507-30. Website katz._jmcb_1988.pdf
1987
Dickens WT, Katz LF. Interindustry Wage Differences and Industry Characteristics. In: Lang K, Leonard J Unemployment and the Structure of Labor Markets. Blackwell ; 1987. pp. 48-89. dk_w2014.pdf
Katz LF, Rosen KT. The Interjurisidictional Effect of Growth Controls on Housing Prices. Journal of Law and Economics. 1987;30 (1) :149-60. katz_interjurisdictionaleffects.pdf
Dickens WT, Katz LF. Inter-Industry Wage Differences and Theories of Wage Determination. 1987. PDF
1986
Katz LF. Layoffs, Recalls and the Duration of Unemployment. 1986. WebsiteAbstract
This paper shows that the prospect of recall to previous employer is important for a significant number of the unemployed in the United States and that taking into account the possibility of recalls has important implications for the study of unemployment spell durations. A job search model that allows for recalls is shown to lead naturally to a competing risks specification of the distribution of layoff unemployment spell durations in which recall and the taking of a new job are alternate routes for leaving unemployment. A large sample of individual layoff unemployment spell observations derived from the Panel Study of Income Dynamics is analyzed. The common finding for samples containing individuals with nonnegligible recall prospects of an escape rate from unemployment that declines with spell duration is shown to almost entirely result from a declining recall rate. The apparent declining recall rate may be indicative of important uncontrolled heterogeneity rather than true negative duration dependence. Strong positive duration dependence in the new job finding rate is uncovered for UI recipients. Factors raising the likelihood and value of recall appear to depress the new job finding rate. Substantial differences in the distribution of unemployment spell durations are found for UI recipients and nonrecipients. Large positive jumps in both the recall rate and new job finding rate are apparent around the point of UI benefits exhaustion for UI recipients. The results indicate that the potential duration of UI benefits plays an important role in the timing of recalls and of new job acceptances.
PDF
Katz LF. Efficiency Wage Theories: A Partial Evaluation. NBER Macroeconomics Annual. 1986;1 :235-290. PDF
Abraham K, Katz LF. Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?. Journal of Political Economy. 1986;94 :507-522. PDF
1983
Rosen KT, Katz LF. Money Market Mutual Funds: An Experiment in Ad Hoc Deregulation: A Note. Journal of Finance. 1983;38 (3) :1011-17. Publisher's Version
1981
Katz LF. Housing and the Political Economy of Social Schizophrenia. Commencement Speech, UC Berkeley, Department of Economics, June 12. 1981. katz_ucb_commencement_1981.pdf
Rosen KT, Katz LF. Growth Management and Land Use Controls: The San Francisco Bay Area Experience. Journal of the American Real Estate and Urban Economics Association. 1981;9 (Winter) :321-44.Abstract

Local land use and growth controls have had a substantial negative impact on the San Francisco Bay Area housing market. These regulations have significantly diminished the availability of development opportunities in the region and forced builders to make major changes in the way they do business and costly alterations in their development projects. Both the empirical evidence reviewed and the case studies documented in this paper indicate that building moratoria, growth management systems, and restrictive zoning practices have helped lead to significantly increased house prices in those Bay Area communities in which they are present. The evidence strongly suggests that land use controls as they are currently utilized in the Bay Area provide a poor policy alternative for reconciling important environmental and fiscal considerations with equally important regional and national housing needs.

katz_rosen_jaruea_1981.pdf
1980
Gabriel S, Katz LF, Wolch J. Local Land-Use Regulation and Proposition 13. Taxing and Spending. 1980;4 (Spring) :73-81. Publisher's Version

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