Till Marco von Wachter

Associate Professor 
Department of Economics
University of California Los Angeles

Email: tvwachter@econ.ucla.edu

UCLA Mailing Address
8283 Bunche Hall
MC 147703
Los Angeles, CA 90095

Contact Information:
Phone Number: 310-825-5665
Department Fax Number: 310-825-9528


 CV and RTS

          Curriculum Vitae [PDF Format] (UPDATED January 2013)

          Research and Teaching Statement [PDF Format] (UPDATED May 2012)

 Congressional Testimonies

          Hearing of Senate Budget Committee [February 3, 2011]
          "Challenges for the U.S. Economic Recovery" PDF Version of Testimony
             
          Hearing of Subcommittee on Income Security and Family Support of Committee on Ways and Means [June 10, 2010]
          "Responding to Long-Term Unemployment" PDF Version of Testimony
             
          Hearing of Joint Economic Committee of U.S. Congress [May 26, 2010]
          "Avoiding a Lost Generation: How to Minimize the Impact of the Great Recession on Young Workers" PDF Version of Testimony
             
          Hearing of Joint Economic Committee of U.S. Congress [April 29, 2010]
          "Long-term Unemployment: Causes, Consequences and Solutions" PDF Version of Testimony

 New and Recently Revised Papers 

         NEW "The Long-Term Effects of UI Extensions on Employment"
             (joint with Johannes Schmieder and Stefan Bender, American Economic Review Papers and Proceedings, 2012)
             Additional Results in Web Appendix

         NEW "Recessions and the Costs of Job Loss"
             (joint with Steve Davis, Brookings Papers on Economic Activity, 2011)

         NEW "The Effect of Unemployment Insurance Extensions on Reemployment Wages"
             (joint with Johannes Schmieder and Stefan Bender, Spring 2012)

         NEW "Does a Four-Fold Early Unemployment Rate Make a Difference? Wage Growth and Job Mobility in Germany, France, and the United States"
             (joint with Paola Giuliano, in preparation for Journal of Economic Perspectives, Spring 2012)

 Publications 

         NEW "The Effects of Extended Unemployment Insurance Over the Business Cycle: Regression Discontinuity Estimates Estimates over 20 years"
             (joint with Johannes Schmieder and Stefan Bender, 2012 Quarterly Journal of Economics)             
             Additional Results in Web Appendix

         REVISED "Short- and Long-Term Career Effects of Graduating in a Recession"
             (joint with Phil Oreopoulos and Andrew Heisz, Forthcoming, American Economic Journal: Applied Economics)
             (this is an updated version of NBER Working Paper No. w12159)
             Additional Appendices as Part of IZA Discussion Paper No. 3578

             PRESS COVERAGE     Wall Street Journal, The Curse of the Class of 2009, May 2009
                                                    KQED/NPR "Forum", Job Prospects for College Grads, February 2009
                                                    New York Times, Hello Young Workers: One Way to Reach the Top is To Start There, May 2006
                                                    NBER Digest, The Career Effects Of Graduating In A Recession, November 2006

        
"Trends in Employment and Earnings of Allowed and Rejected Applicants to the Social Security Disability Insurance Program"
             (joint with Jae Song and Joyce Manchester, Forthcoming, American Economic Review)             
             Additional Results in Web Appendix

          "Does Wage Persistence Matter for Employment Fluctuations? Evidence from Displaced Workers"
             (joint with Johannes Schmieder, 2010, American Economic Journal: Applied Economics, Lead Article)             
             Web Appendix

         "Job Displacement and Mortality: An Analysis using Administrative Data"
             (joint with Daniel Sullivan, 2009, Quarterly Journal of Economics)             
             (this is an updated version of NBER Working Paper No. 13626)

             PRESS COVERAGE       New York Times (Front Page, February 2010) Trauma of Job Loss Often Includes Health Problems
                                                    Boston Globe Worse Than Fired, September 2009
                                                    AARP Magazine Laid Off!, April 2009
                                                    Canadian Broadcasting Corporation (CBC, December 2007) Laid-off workers face increased premature death risk
                                                   
         "Average Earnings and Long-Term Mortality: Evidence from Administrative Data"
             (joint with Daniel Sullivan, 2009, American Economic Review Papers and Proceedings)             

         "Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy"
             (joint with Julian di Giovanni and Justin McCrary, 2009, Review of Economics and Statistics)
             (also available as IMF Working Paper WP/05/86 )

         "Do Initial Conditions Persist Between Firms? An Analysis of Firm-Entry Cohort Effects and Job Losers
             using Matched Employer-Employee Data"
             (joint with Stefan Bender, published in S. Bender, J. Lane, K. Shaw, F. Andersson, and T. von Wachter (eds),
             "The Analysis of Firms and Employees: Quantitative and Qualitative Approaches", 2008, University Chicago Press)
            

                      >>>> Book Now Available from NBER Website

         "Zero Returns to Compulsory Schooling in Germany: Evidence and Interpretation"
             (joint with Steve Pischke, 2008, Review of Economics and Statistics)             
             (also available as NBER Working Paper No. 11414)

         
"In the Right Place at the Wrong Time: The Role of Firms and Luck in Young Workers' Careers"
              (joint with Stefan Bender, 2006, American Economic Review)

             Downloadable Appendices              Longer Working Paper Version (IZA Working Paper No. 1348)

 Working Papers  - Job Displacement

        
"The Long-Term Impact of Job Displacement in Germany During the 1982 Recession on Earnings, Income, and Employment"
             (joint with Johannes Schmieder and Stefan Bender, Columbia University, Department of Economics Discussion Paper Series DP0910-07)             

             PRESS COVERAGE     Frankfurter Allgemeine Zeitung Entlassene verdienen noch nach 15 Jahren weniger (Job Losers Earnings Losses Last Over 15 Years) , October 2009
                                                 Frankfurter Allgemeine Zeitung Zurueck auf Los (Starting Over), October 2009

         "Variation in the Cost of Job Loss by Worker Skill: Evidence Using Matched Data from California, 1991-2000"
             (joint with Elizabeth Handwerker)             

         "Long-Term Earnings Losses due to Mass-Layoffs During the 1982 Recession: An Analysis Using Longitudinal
             Administrative Data from 1974 to 2004"
             (joint with Jae Song and Joyce Manchester)             

             PRESS COVERAGE     New York Times (Front Page) Income Loss Persists Long After Layoffs, August 2009
                                                    Financial Times A recession-proof career path? Only for the lucky ones, August 2009
                                                    Chicago Tribune Laid off? You'll likely never make as much, May 2009
                                                    Philadelphia Inquirer (Front Page) Bleak lesson: For most jobless, loss of earnings permanent, Sep 2009
                                                    WNYC Radio, The Brian Lehrer Show Earnings Down, August 2009
                                                    CBS Money Watch The New Job Market: Who Wins and Who Loses?, June 2009
                                                    Bloomberg News Great Recession Will Redefine Full Employment as Jobs Vanish, May 2009
                                                    CNN Radio Houston Morning Show with Brent Clanton, August 2009
                                                    CNN Radio Atlanta News, August 2009
                                                   
         "Estimating the 'True' Cost of Job Loss: Evidence Using Matched Data from California 1991-2000"
             (joint with Andrew Hildreth and Elizabeth Weber, Submitted)             

         "Long-Term Earnings Losses due to Job Separation During the 1982 Recession: An Analysis Using Longitudinal
             Administrative Data from 1974 to 2004"
             (joint with Jae Song and Joyce Manchester, Columbia University, Dep. of Economics, Discussion Paper No. 0708-16)             

 Working Papers  - Disability and Aging

         "The End of Mandatory Retirement in the US: Effects on Retirement and Implicit Contracts"
              (Center for Labor Economics Working Paper No. 49, University of California Berkeley, 2002)
              (Revise & Resubmit, Industrial Labor Relations Review)             

         "The Effect of Economic Conditions on the Employment of Workers Nearing Retirement Age"
             (Center for Retirement Research at Boston College Working Paper, WP#2007-25)

Seminars

           Applied Micro Seminar   Academic Years 2005-06, 2007-08, 2008-09, 2009-10, 2011-12

           Applied Micro Lunch      Academic Years 2003-04, 2004-05, 2005-06, 2011-12