Publications

37. "Returns to Labor Mobility" (with Isaac Baley and Thomas J. Sargent). Economic Journal, forthcoming. [Online appendix]

36. "Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence" (with Isaac Baley and Thomas J. Sargent).  Review of Economic Dynamics, vol. 50, October 2023, pp. 43-60. [Online appendix]

35. "The Fundamental Surplus Strikes Again" (with Thomas J. Sargent), Review of Economic Dynamics, vol. 41, July 2021, pp. 38-51. 

34. “Public Sector Employment and the Skill Premium: Sweden versus the United States 1970-2012” (with David Domeij), Scandinavian Journal of Economics, vol. 121, no. 1, 2019, pp. 3-31. (supplementary appendix).       [SJE Prize for the Best Paper of 2019]

33. “The Fundamental Surplus” (with Thomas J. Sargent), American Economic Review, vol. 107, no. 9,  2017, pp. 2630-2665. 

32. “A Life-Cycle Model of Trans-Atlantic Employment Experiences” (with Sagiri Kitao and Thomas J. Sargent), Review of Economic Dynamics, vol. 25, 2017, pp. 320-349.

31. “Comment on the Campbell-Cochrane Habit Model” (with Harald Uhlig), Journal of Political Economy, vol. 123, 2015, pp. 1201-1213.

30. “Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security” (with  Thomas J. Sargent), Review of Economic Dynamics, vol. 17, no. 1, 2014, pp. 1-20.

29. “A Labor Supply Elasticity Accord?” (with Thomas J. Sargent), American Economic Review, vol. 101, no. 3, 2011, pp. 487-491.

28. "Unemployment Crisis – Challenge and Opportunity,”  CESifo Forum, vol. 11,   no. 1, 2010, pp. 7-13.

27. "How Sweden's Unemployment Became More Like Europe's" (with Thomas J. Sargent), Reforming the Welfare State: Recovery and Beyond in Sweden, eds. Richard B. Freeman, Birgitta Swedenborg and Robert Topel. Chicago: University of Chicago Press, 2010.

26. "Lucas Critique," The New Palgrave Dictionary of Economics, second edition, eds. Steven Durlauf and Larry Blume, Palgrave Macmillan, 2008.

25. "Taxes, Benefits, and Careers: Complete Versus Incomplete Markets" (with Thomas J. Sargent), Journal of Monetary Economics, vol. 55, 2008, pp. 98-125.

24. "Two Questions about European Unemployment" (with Thomas J. Sargent), Econometrica, vol. 76, 2008, pp. 1-29.

23. "Understanding European Unemployment with a Representative Family Model" (with Thomas J. Sargent), Journal of Monetary Economics, vol. 54, 2007, pp. 2180-2204.

22. "Understanding European Unemployment with Matching and Search-Island Models" (with Thomas J. Sargent), Journal of Monetary Economics, vol. 54, 2007, pp. 2139-2179.

21. "Do Taxes Explain European Employment? Indivisible Labor, Human Capital, Lotteries and Savings" (with Thomas J. Sargent), NBER Macroeconomics Annual, eds. Daron Acemoglu, Kenneth Rogoff and Michael Woodford, Cambridge, Massachusetts, MIT Press, 2006.

20. "Comment" (on 'Work and leisure in the U.S. and Europe: Why so different?' by Alesina, Glaeser and Sacerdote), NBER Macroeconomics Annual, eds. Mark Gertler and Kenneth Rogoff, Cambridge, Massachusetts, MIT Press, 2005.

19. "Lotteries for Consumers versus Lotteries for Firms" (with Thomas J. Sargent), Frontiers in Applied General Equilibrium Modeling, eds. T.J. Kehoe, T.N. Srinivasan and J. Whalley, Cambridge University Press, 2005.

18. "European Unemployment and Turbulence Revisited in a Matching Model" (with Thomas J. Sargent), Journal of the European Economic Association, vol. 2, 2004, pp. 456-468. 

17. ”European Unemployment: From a Worker's Perspective" (with Thomas J. Sargent), Knowledge, Information and Expectations in Modern Macroeconomics: In Honor or Edmund S. Phelps, eds. P. Aghion, R. Frydman, J. Stiglitz and M. Woodford, Princeton University Press, 2003, pp. 326-350. A_Worker_Perspective.pdf

16. "European Unemployment, Labour Market Institutions and Economic Turbulence," CESifo DICE Report, Journal for Institutional Comparisons, vol. 1, no. 2, 2003, pp. 7-12.

15. ”How Do Layoff Costs Affect Employment?” Economic Journal, vol. 112, 2002, pp. 829-853.

14. ”Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses” (with Harald Uhlig), American Economic Review, vol. 90, 2000, pp. 356-366. 

13. “Squandering European Labour: Social Safety Nets in Times of Economic Turbulence,” Scottish Journal of Political Economy, vol. 46, 1999, pp. 367-388. squander.pdf

12. ”The European Unemployment Dilemma” (with Thomas J. Sargent), Journal of Political Economy, vol. 106, 1998, pp. 514-550.

11. "Taxes and Subsidies in Swedish Unemployment” (with Thomas J. Sargent), The Welfare State in Transition, eds. Richard B. Freeman, Robert Topel and Birgitta Swedenborg, Chicago: University of Chicago Press, 1997, pp. 299-314.

10. ”A Supply-Side Explanation of European Unemployment” (with Thomas J. Sargent), Federal Reserve Bank of Chicago Economic Perspectives, vol. 20(5), 1996, pp. 2-15.

9.  ”The Swedish Unemployment Experience” (with Thomas J. Sargent), European Economic Review, vol. 39, 1995, pp. 1043-1070. sweden.pdf

8.  ”Welfare States and Unemployment,” (with Thomas J. Sargent), Economic Theory, vol. 6, 1995, pp. 143-160.

7.  ”Wage Structure as Implicit Insurance on Human Capital in Developed versus Underdeveloped Countries,” Journal of Development Economics, vol. 46, 1995, pp. 35-50.

6.  ”Asymmetric Information: A Rationale for Corporate Speculation,” Journal of Financial Intermediation, vol. 3, 1994, pp. 188-203.

5.  ”Hysteresis in International Trade: A General Equilibrium Analysis,” Journal of International Money and Finance, vol. 13, 1994, pp. 387-399.

4.  ”A Unified Approach to Measures of Privacy in Randomized Response Models: A Utilitarian Perspective,” Journal of the American Statistical Association, vol. 88, 1993, pp. 97-103. 

3.  ”Economic Underdevelopment: The Case of a Missing Market for Human Capital,” Journal of Development Economics, vol. 40, 1993, pp 219-239.    [Reprinted in Readings in Development Economics - Volume 1, eds. Pranab Bardhan and Christopher Udry, Cambridge, MA: MIT Press, 2000.]

2.  ”The Convergence of Multivariate ‘Unit Root’ Distributions to their Asymptotic Limits” (with Myungsoo Park, James H. Stock, and Mark W. Watson), Journal of Economic Dynamics and Control, vol. 12, 1988, pp. 489-502.

1.  ”Money Does Granger-Cause Output in the Bivariate Money-Output Relation” (with Lawrence J. Christiano), Journal of Monetary Economics, vol. 22, 1988, pp. 217-235.