Tag Archives: Opportunity Cost of Employment

The Cyclicality of the Opportunity Cost of Employment

From Gabe Chodorow-Reich and Loukas Karabarbounis:  The flow opportunity cost of moving from unemployment to employment consists of foregone public benefits and foregone utility from non-working time relative to consumption. Using detailed microdata, administrative data, and the structure of the search and … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment