Dr. Thomas A. Mroz and Dr. Timothy H. Savage
University of North Carolina, Chapel Hill and Welch Consulting Economists A STUDY BY THE EMPLOYMENT POLICIES INSTITUTE October 2001
he Employment Policies Institute (EPI) is a nonprofit
research organization dedicated to
studying public policy issues surrounding employment
growth. In particular, EPI research focuses on
issues that affect entry-level employment. Among
other issues, EPI research has quantified the impact
of new labor costs on job creation, explored the
connection between entry-level employment and
welfare reform, and analyzed the demographic distribution
of mandated benefits. EPI sponsors nonpartisan
research that is conducted by independent
economists at major universities around the country.
Dr. Thomas A. Mroz is Professor of Economics at the University of North Carolina at Chapel Hill and a Fellow at the Carolina Population Center. He is also a member of the steering committee for UNC’s Institute for Research in Social Science. His interests include labor economics, applied econometrics and economic demography. Dr. Mroz’s research has appeared in leading economic journals such as the Journal of Econometrics, Econometrica and The Journal of Economic Literature. He received his Ph.D. from Stanford University in 1984.
Dr. Timothy H. Savage is a Senior Economist for Welch Consulting Economists in Washington, D.C. Dr. Savage also serves as a reviewer for the journal Economic Inquiry. He received his Ph.D. in Economics from University of North Carolina at Chapel Hill in 1999.
The era of high employment has taken a sharp
downward turn. The U.S. economy was cooling
rapidly even before terrorism entered the picture.
Employee layoffs are now measured in the hundreds
of thousands. Many of these employees were
entry-level workers just starting their careers. The
Labor Department’s statistics on teenage and