Although women are underrepresented in the field of economics, many people see little
need for intervention, arguing that women are inherently less interested in economics, or are less
willing or able to acquire the math skills needed to do well…

In The Wage Qurve, David G. Blanchflower and Andrew J. Oswald argue that there is
a fundamental negative relation between wages and the unemployment rate in a worker’s local
labor market. Blanchflower and Oswald use large-scale micro data sets to…

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…

According to standard economic models, adverse demand shocks will lead to bigger
employment losses if institutional factors like minimum wages and trade unions prevent real
wages from falling. Some economists have argued that this insight explains the contrast
between the…

Using data from the NLSY (1979-1991) and from the PSID (1981-1987), l seek to determine whether
there is any net positive return to tenure with the current employer once we control for industry-specific
capital. Using data from the PSID, Topel…

The central claim of a rapidly growing literature in international relations is that members
of pairs of democratic states are much less likely to engage each other in war or in serious
disputes short of war than are members of…

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Economists attempting to explain the widening of the black-white wage gap in the late 1970's by
differences in school quality have been faced the problem that recent data reveal virtually no gap in the
quality of schools attended by blacks…

We study the reaction of stock prices to announcements of reductions in force
(RIFs) using a sample of nearly 3878 such announcements in 1176 large firms during the
1970-97 period collected from the Wall Street Journal Index. We note that,…

The paper specifies a disequilibrium model for the aggregate
labor market consisting of demand and supply functions for labor,
an adjustment equation for wages as well as for prices, a
transactions equation and, finally, an equation that relates
measured unemployment…