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Cynthia L Doniger

Principal Economist · Federal Reserve Board

Principal Economist in the Money Market Analysis Section, Monetary Affairs Division, at the Federal Reserve Board. Her research is in macroeconomics and labor economics; PhD from the University of Michigan (2014).

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Published Review of Economic Studies Online 27 Jan 2026 Published Sep 2026

Education and the Margins of Cyclical Adjustment in the Labour Market

Cynthia L Doniger

This paper asks how the cyclical sensitivity of wages varies with workers' educational attainment, what mechanisms drive the differences, and what the welfare consequences are of ignoring this …

Labor Markets Macroeconomics Monetary Policy Free Read ↗