Jeffrey Yankow - Academia.edu (original) (raw)
Papers by Jeffrey Yankow
Thesis (Ph. D.)--Ohio State University, 2000. Includes bibliographical references (leaves 148-152... more Thesis (Ph. D.)--Ohio State University, 2000. Includes bibliographical references (leaves 148-152). Advisor: Patricia Reagan, Dept. of Economics.
Eastern Economic Journal
Using an extended panel of data from the National Longitudinal Survey of Youth 1979 (NLSY79), thi... more Using an extended panel of data from the National Longitudinal Survey of Youth 1979 (NLSY79), this study demonstrates that young interstate migrants receive significant positive returns to geographic mobility. Pecuniary returns generally accumulate over a five year period following migration, during which migrants experience superior wage growth vis-a-vis non-migrants. Fixed-effects estimates suggest that migrants collect a post-migration wage premium of nearly 5 percent. Because fixed-effects estimation accounts for correlation between migration and unobservable individual-specific characteristics (typically referred to as "ability"), the positive effect of migration on wages can not be explained by the hypothesis that the migrant sample are drawn from the upper tail of the ability distribution.
Using data drawn from the National Longitudinal Survey of Youth 1979, the Bureau of Labor Statist... more Using data drawn from the National Longitudinal Survey of Youth 1979, the Bureau of Labor Statistics, and County Business Patterns, this study investigates whether displaced workers adjust their job search strategies in response to local market conditions to favor migration out of declining labor markets. Empirical results from a Cox partial-likelihood proportional hazards model are supportive. A low density of local employment and low average wage levels are associated with shorter wait times to migration. Conversely, high local employment growth rates, high wages, and low unemployment rates correlate with an increased likelihood of obtaining local employment following displacement.
Journal of Urban Economics, 2006
OLS regression identifies a 19 percent wage advantage for workers in large urban areas. Fixed-eff... more OLS regression identifies a 19 percent wage advantage for workers in large urban areas. Fixed-effects estimation suggests that two-thirds of this premium can be explained by cities attracting workers of higher unmeasured skills and ability. The remaining wage premium is shown ...
Journal of Regional Science, 2003
Using data from the National Longitudinal Survey of Youth 1979, this study examines the pattern o... more Using data from the National Longitudinal Survey of Youth 1979, this study examines the pattern of early career job mobility and migration in a sample of young male workers. Primary interest lies in the between-job wage change accompanying job transitions as well as the extended time-profile of migrant earnings. When the sample of job transitions is partitioned by education level, contemporaneous returns are found only for workers with twelve or less years of completed schooling. In contrast, highly educated workers demonstrate significant extended returns to migration with the bulk of pecuniary rewards accruing with a lag of nearly two years. 483 *I am particularly indebted to Patricia Reagan and Bruce Weinberg for many helpful comments and suggestions on earlier versions of this paper. The comments of several anonymous referees are also gratefully acknowledged.
International Advances in Economic Research, 2009
Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, ... more Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, due to market efficiencies associated with greater job density. However, if job search is more efficient in urban markets, then the quality of a given job match should also tend to be higher in cities, ceteris paribus. Employed workers living in cities might then be expected to search less than their nonurban counterparts. In this latter instance, it is not city residency itself that makes search less likely, but rather the positive correlation between city residency and job match quality. Using data from the National Longitudinal Survey of Youth 1979, this prediction is confirmed: The estimated coefficient on an indicator of urban residency is found to be near zero and statistically insignificant in models of employed search that omit proxies for job match quality. When job match proxies are included in the models, the estimated coefficient on urban residency becomes positive and highly significant. This result suggests that workers are not only more likely to engage in employed search in urban labor markets, but also tend to find more productive job matches in cities over time.
Using a confidential version of the NLSY79, we estimate large effects of neighborhood social char... more Using a confidential version of the NLSY79, we estimate large effects of neighborhood social characteristics and job proximity on labor market activity. A variety of neighborhood social characteristics are associated with less market work. Social characteristics have nonlinear effects, with the greatest impact in the worst neighborhoods. Social characteristics are also more important for less-educated workers. Exploiting the panel aspects of our data, we find that estimates that do not account for neighborhood selection on the basis of timeinvariant and time-varying unobserved individual characteristics sub-We wish to thank
International Journal of Financial Research, 2011
Existing literature demonstrates a positive relationship between advertising and subsequent mutua... more Existing literature demonstrates a positive relationship between advertising and subsequent mutual fund flows. While this relationship is hardly unexpected, it has only been addressed in a limited fashion. This work seeks to explore the issue in greater depth by examining both fixed income and equity funds, by separating load and no-load funds, and by using a richer empirical model. Our findings support the accepted relationship in general, but indicate that the response by investors differs between fund types (equity vs. fixed income) and the direct (no-load) and broker-sold (load) markets. Finally, we provide evidence that earlier findings are contingent upon the sample of funds selected as well as the empirical specification.
Modern Economy, 2013
Using an extended panel from the National Longitudinal Survey of Youth 1979, this study explores ... more Using an extended panel from the National Longitudinal Survey of Youth 1979, this study explores the impact of marriage and children on the employed job search behavior of young workers. Estimation results from a bivariate probit model of employed job search that accounts for the selective nature of participation and employment demonstrate that both marriage and children significantly reduce the likelihood of on-the-job search for women but not for men. We find that married women with children have an employed search probability that is 18 percentage points below that of single women without children. Moreover, both the age and number of children present in the household are important determining factors for women in the decision to conduct on-the-job search. The inhibiting effect of children, however, is only pronounced for married women; single women with children are no less likely to search than single women without children. * Corresponding author. 1 Mattila [1] is among the earliest to report that the majority of workers who change jobs do so with no spell of unemployment, thus acknowledging the prevalence of employed search. Black [2] and Holzer [3] offer evidence to indicate that employed searchers experience higher wage offers compared to those who quit to search. Black [2] further suggests that the benefits from employed job search even accrue to workers who choose not to change jobs by increasing their bargaining power with current employers. Devine and Kiefer [4] and Keith and McWilliams [5] document the importance of employed job search to successful job mobility and wage growth. 2 Bowlus concludes that between 20 and 30 percent of the US male-female wage gap results from differing search behaviors; Bowlus and Grogan [10] provide similar evidence for the UK. 3 Probabilities are calculated for an unmarried person with 12 years of completed schooling, three years of job tenure with their current employer, working 40 hours per week, with a wage and real family income equal to the sample average, and no children present in the household.
Journal of Labor Economics, 2004
Researchers have argued that neighborhoods are an important determinant of labor activity. Using ... more Researchers have argued that neighborhoods are an important determinant of labor activity. Using confidential street address data from the NLSY79, respondents were linked to neighborhood social characteristics and measures of job proximity. A one standard deviation increase in the social characteristics of a neighborhood increases annual hours by 6.1%; a similar increase in job proximity raises hours by 4.7%. Labor market activity at the individual level is positively related to labor market activity of neighbors. But employment is not the only neighborhood characteristic that matters. Being in a disadvantaged neighborhood, as measured by a variety of characteristics, reduces market work. Social interactions have non-linear effects with the greatest impact in the worst neighborhoods. Social interactions are also more important for less educated workers. Estimates that do not account for neighborhood selection on the basis of time-invariant and time-varying unobserved individual characteristics substantially overstate the social effects of neighborhoods but understate the effects of job access.
Researchers have argued that neighborhoods are an important determinant of labor activity. Using ... more Researchers have argued that neighborhoods are an important determinant of labor activity. Using confidential street address data from the NLSY79, respondents were linked to neighborhood social characteristics and measures of job proximity. A one standard deviation increase in the social characteristics of a neighborhood increases annual hours by 6%; a similar increase in job proximity raises hours by 4%. Labor market activity at the individual level is positively related to labor market activity of neighbors. But employment is not the only neighborhood characteristic that matters. Being in a disadvantaged neighborhood, as measured by a variety of characteristics, reduces market work. Social interactions have non-linear effects with the greatest impact in the worst neighborhoods. Social interactions are more important for less educated workers and Hispanics. Job locations are more important for blacks. Estimates that do not account for neighborhood selection on the basis of time-invariant and time-varying unobserved individual characteristics substantially overstate the social effects of neighborhoods but understate the effects of job access.
Thesis (Ph. D.)--Ohio State University, 2000. Includes bibliographical references (leaves 148-152... more Thesis (Ph. D.)--Ohio State University, 2000. Includes bibliographical references (leaves 148-152). Advisor: Patricia Reagan, Dept. of Economics.
Eastern Economic Journal
Using an extended panel of data from the National Longitudinal Survey of Youth 1979 (NLSY79), thi... more Using an extended panel of data from the National Longitudinal Survey of Youth 1979 (NLSY79), this study demonstrates that young interstate migrants receive significant positive returns to geographic mobility. Pecuniary returns generally accumulate over a five year period following migration, during which migrants experience superior wage growth vis-a-vis non-migrants. Fixed-effects estimates suggest that migrants collect a post-migration wage premium of nearly 5 percent. Because fixed-effects estimation accounts for correlation between migration and unobservable individual-specific characteristics (typically referred to as "ability"), the positive effect of migration on wages can not be explained by the hypothesis that the migrant sample are drawn from the upper tail of the ability distribution.
Using data drawn from the National Longitudinal Survey of Youth 1979, the Bureau of Labor Statist... more Using data drawn from the National Longitudinal Survey of Youth 1979, the Bureau of Labor Statistics, and County Business Patterns, this study investigates whether displaced workers adjust their job search strategies in response to local market conditions to favor migration out of declining labor markets. Empirical results from a Cox partial-likelihood proportional hazards model are supportive. A low density of local employment and low average wage levels are associated with shorter wait times to migration. Conversely, high local employment growth rates, high wages, and low unemployment rates correlate with an increased likelihood of obtaining local employment following displacement.
Journal of Urban Economics, 2006
OLS regression identifies a 19 percent wage advantage for workers in large urban areas. Fixed-eff... more OLS regression identifies a 19 percent wage advantage for workers in large urban areas. Fixed-effects estimation suggests that two-thirds of this premium can be explained by cities attracting workers of higher unmeasured skills and ability. The remaining wage premium is shown ...
Journal of Regional Science, 2003
Using data from the National Longitudinal Survey of Youth 1979, this study examines the pattern o... more Using data from the National Longitudinal Survey of Youth 1979, this study examines the pattern of early career job mobility and migration in a sample of young male workers. Primary interest lies in the between-job wage change accompanying job transitions as well as the extended time-profile of migrant earnings. When the sample of job transitions is partitioned by education level, contemporaneous returns are found only for workers with twelve or less years of completed schooling. In contrast, highly educated workers demonstrate significant extended returns to migration with the bulk of pecuniary rewards accruing with a lag of nearly two years. 483 *I am particularly indebted to Patricia Reagan and Bruce Weinberg for many helpful comments and suggestions on earlier versions of this paper. The comments of several anonymous referees are also gratefully acknowledged.
International Advances in Economic Research, 2009
Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, ... more Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, due to market efficiencies associated with greater job density. However, if job search is more efficient in urban markets, then the quality of a given job match should also tend to be higher in cities, ceteris paribus. Employed workers living in cities might then be expected to search less than their nonurban counterparts. In this latter instance, it is not city residency itself that makes search less likely, but rather the positive correlation between city residency and job match quality. Using data from the National Longitudinal Survey of Youth 1979, this prediction is confirmed: The estimated coefficient on an indicator of urban residency is found to be near zero and statistically insignificant in models of employed search that omit proxies for job match quality. When job match proxies are included in the models, the estimated coefficient on urban residency becomes positive and highly significant. This result suggests that workers are not only more likely to engage in employed search in urban labor markets, but also tend to find more productive job matches in cities over time.
Using a confidential version of the NLSY79, we estimate large effects of neighborhood social char... more Using a confidential version of the NLSY79, we estimate large effects of neighborhood social characteristics and job proximity on labor market activity. A variety of neighborhood social characteristics are associated with less market work. Social characteristics have nonlinear effects, with the greatest impact in the worst neighborhoods. Social characteristics are also more important for less-educated workers. Exploiting the panel aspects of our data, we find that estimates that do not account for neighborhood selection on the basis of timeinvariant and time-varying unobserved individual characteristics sub-We wish to thank
International Journal of Financial Research, 2011
Existing literature demonstrates a positive relationship between advertising and subsequent mutua... more Existing literature demonstrates a positive relationship between advertising and subsequent mutual fund flows. While this relationship is hardly unexpected, it has only been addressed in a limited fashion. This work seeks to explore the issue in greater depth by examining both fixed income and equity funds, by separating load and no-load funds, and by using a richer empirical model. Our findings support the accepted relationship in general, but indicate that the response by investors differs between fund types (equity vs. fixed income) and the direct (no-load) and broker-sold (load) markets. Finally, we provide evidence that earlier findings are contingent upon the sample of funds selected as well as the empirical specification.
Modern Economy, 2013
Using an extended panel from the National Longitudinal Survey of Youth 1979, this study explores ... more Using an extended panel from the National Longitudinal Survey of Youth 1979, this study explores the impact of marriage and children on the employed job search behavior of young workers. Estimation results from a bivariate probit model of employed job search that accounts for the selective nature of participation and employment demonstrate that both marriage and children significantly reduce the likelihood of on-the-job search for women but not for men. We find that married women with children have an employed search probability that is 18 percentage points below that of single women without children. Moreover, both the age and number of children present in the household are important determining factors for women in the decision to conduct on-the-job search. The inhibiting effect of children, however, is only pronounced for married women; single women with children are no less likely to search than single women without children. * Corresponding author. 1 Mattila [1] is among the earliest to report that the majority of workers who change jobs do so with no spell of unemployment, thus acknowledging the prevalence of employed search. Black [2] and Holzer [3] offer evidence to indicate that employed searchers experience higher wage offers compared to those who quit to search. Black [2] further suggests that the benefits from employed job search even accrue to workers who choose not to change jobs by increasing their bargaining power with current employers. Devine and Kiefer [4] and Keith and McWilliams [5] document the importance of employed job search to successful job mobility and wage growth. 2 Bowlus concludes that between 20 and 30 percent of the US male-female wage gap results from differing search behaviors; Bowlus and Grogan [10] provide similar evidence for the UK. 3 Probabilities are calculated for an unmarried person with 12 years of completed schooling, three years of job tenure with their current employer, working 40 hours per week, with a wage and real family income equal to the sample average, and no children present in the household.
Journal of Labor Economics, 2004
Researchers have argued that neighborhoods are an important determinant of labor activity. Using ... more Researchers have argued that neighborhoods are an important determinant of labor activity. Using confidential street address data from the NLSY79, respondents were linked to neighborhood social characteristics and measures of job proximity. A one standard deviation increase in the social characteristics of a neighborhood increases annual hours by 6.1%; a similar increase in job proximity raises hours by 4.7%. Labor market activity at the individual level is positively related to labor market activity of neighbors. But employment is not the only neighborhood characteristic that matters. Being in a disadvantaged neighborhood, as measured by a variety of characteristics, reduces market work. Social interactions have non-linear effects with the greatest impact in the worst neighborhoods. Social interactions are also more important for less educated workers. Estimates that do not account for neighborhood selection on the basis of time-invariant and time-varying unobserved individual characteristics substantially overstate the social effects of neighborhoods but understate the effects of job access.
Researchers have argued that neighborhoods are an important determinant of labor activity. Using ... more Researchers have argued that neighborhoods are an important determinant of labor activity. Using confidential street address data from the NLSY79, respondents were linked to neighborhood social characteristics and measures of job proximity. A one standard deviation increase in the social characteristics of a neighborhood increases annual hours by 6%; a similar increase in job proximity raises hours by 4%. Labor market activity at the individual level is positively related to labor market activity of neighbors. But employment is not the only neighborhood characteristic that matters. Being in a disadvantaged neighborhood, as measured by a variety of characteristics, reduces market work. Social interactions have non-linear effects with the greatest impact in the worst neighborhoods. Social interactions are more important for less educated workers and Hispanics. Job locations are more important for blacks. Estimates that do not account for neighborhood selection on the basis of time-invariant and time-varying unobserved individual characteristics substantially overstate the social effects of neighborhoods but understate the effects of job access.