How do technology, public works projects, mental health, race,
gender, mobility, retirement benefits, and macroeconomic policies
affect worker well-being? This volume contains fourteen original
chapters utilizing the latest econometric techniques to answer this
question. The findings include the following: (1) Technology gains
explain over half the decline in U.S. unemployment and over
two-thirds the reduction in U.S. inflation. (2) Universal health
coverage would reduce U.S. labor force participation by 3.3%. (3)
Blacks respond to regional rather than national changes in
schooling rates of return, perhaps implying a more local labor
market for blacks than whites. (4) Employee motivation enhances
labor force participation, on-the-job training, job satisfaction
and earnings. (5) Male and female promotion and quit rates are
comparable once one controls for individual and job
characteristics. (6) Public works programs designed to increase a
worker's skills do not always increase reemployment. And (7) U.S.
pension wealth increased about 20%-25% over the last two decades.
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