In "The Varied Economic Returns to Postsecondary Education: New Evidence from the
Class of 1972", an article recently published in the Journal of Human Resources (Volume 28,
no. 2, pp. 365-382), Norton Grubb reaches two main conclusions: (1) students who…

We study strike durations and outcomes for some 2000 disputes that occurred
between 1881 and 1886. Most post-strike bargaining settlements in the 1880s fell
into one of two categories: either a union "victory", characterized by a
significant wage gain or…

Descripción completa.

Descripción completa.

The paper studies the microeconomic theory of inflation taxes and
marginal employment subsidies. It proves that under very weak assump-
tions (i) an inflation tax will reduce the 1ong—run equilibrium wage or
price and (ii) that a marginal employment subsidy…

This paper assesses the ability of a simple search—theoretic
model to explain the results of two controlled reemployment bonus
experiments. The availability of two independent experiments
with substantially different treatments allows for a rigorous
test of the model. Parameters of…

Descripción completa.

We report preliminary results of an analysis of the reaction of stock prices to
announcements of reductions in force (RIFs) using a large sample of such announcements
during the 1970-1997 period collected from the Wall Street Journal index. We find…

This paper reports nonparametric estimates of the effect of labor supply
behavior on the payments to families enrolled in the Seattle/Denver Income
Maintenance Experiment. The randomized assignment of families to the
treatment groups in this experiment was designed to permit…

Is executive compensation influenced by the composition of the Board of Directors? About one in
ten Chief Executive Officers (CEOs) is "reciprocally interlocked" with another CEO -- a current or
retired CEO of firm A serves as a director of…