The Occupational Feminization of Wages

This article updates the 1995 study by Macpherson and Hirsch that used monthly Current Population Survey (CPS) data from 1973 to 1993 to examine the effects of occupational gender composition on earnings. In the updating process, the authors correct for biases in this data set that are attributable to the inclusion of imputed earners and the misreporting of occupation. They use CPS data from 1996 to 2010 to provide cross-sectional estimates of the impact of the feminization of occupations on wages, as well as its contribution to the gender wage gap. Longitudinal CPS data indicate that the negative effects of gender composition on earnings observed in cross-sectional data are lessened when researchers control for observed heterogeneity and are much reduced when controlling for unobserved heterogeneity. These findings are confirmed using much longer panels from the National Longitudinal Survey of Youth 1979 (NLSY79). Finally, the use of synthetic panels of aging cohorts suggests that wage penalties are largest for younger cohorts in predominantly female occupations

Contract Innovation in Germany: An Economic Evaluation of Pacts for Employment and Competitiveness

Pacts for employment and competitiveness are an integral component of the ongoing process of decentralization of collective bargaining in Germany, a phenomenon that has been hailed as key to that nation's economic resurgence. Yet little is known about the effects of pacts on firm performance. The evidence largely pertains to employment and is decidedly mixed. This article investigates the association between pacts and six outcome indicators using a framework in which the controls comprise establishments that negotiated over pacts but failed to reach agreement on their implementation. An extensive set of robustness checks are run to test the sensitivity of the key findings of the model. There is no suggestion of pacts negatively impacting any of the selected measures of establishment performance. Rather, the evidence points to some positive short- and medium-run effects on firm average wages and possibly employment and innovation as well

TESS Spots a Compact System of Super-Earths around the Naked-eye Star HR 858

Transiting Exoplanet Survey Satellite (TESS) observations have revealed a compact multiplanet system around the sixth-magnitude star HR 858 (TIC 178155732, TOI 396), located 32 pc away. Three planets, each about twice the size of Earth, transit this slightly evolved, late F-type star, which is also a member of a visual binary. Two of the planets may be in mean motion resonance. We analyze the TESS observations, using novel methods to model and remove instrumental systematic errors, and combine these data with follow-up observations taken from a suite of ground-based telescopes to characterize the planetary system. The HR 858 planets are enticing targets for precise radial velocity observations, secondary eclipse spectroscopy, and measurements of the Rossiter-McLaughlin effect

TOI-1431b/MASCARA-5b: a highly irradiated ultrahot Jupiter orbiting one of the hottest and brightest known exoplanet host stars

Stars and planetary system