Summary
Program Report
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Labor economics redux.
Labor economics has increased the number of tools it uses to analyze people's behavior in market settings by augmenting econometrics and models of rational behavior with increased analyses of field or laboratory experiments. This widening, and a greater focus on the ways economic institutions affect outcomes, as opposed to how hypothetical rational actors behave in ideal competitive settings, has helped the field to become an increasingly important and growing contributor to economic research. This growth is evidenced in the massive increase in the number of NBER Working Papers produced in the Labor Studies Program. In 1979, the Program published ten working papers over the entire year. In a single month in 2007 (February...
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