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In 1581 Michel de Montaigne (1533-1592) returned to his home after a long and sinuous journey to Rome, which led him across Europe for more than eighteen months. While in…

This paper seeks to identify the characteristics of applicants to
graduate school in economics that predict successful job placement after
completion of graduate school. Although there is considerable uncertainty in
predicting the success of prospective Ph.D. students, the results indicate…

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…

Despite earlier evidence to the contrary, recent inquiries appear to reach a consensus that the poor
pay more for food. However, these studies utilize samples drawn on the basis of prior
knowledge of unfair pricing strategies, proximity of volunteer surveyors,…

If hours can be freely varied within jobs, the effect on hours of
changes in preferences for those who do change jobs should be similar to
the effect on hours for those who do not change jobs. Conversely, if
employers…

This paper examines evidence on the effect of class size on student achievement. First, it is
shown that results of quantitative summaries of the literature, such as Hanushek (1997), depend
critically on whether studies are accorded equal weight. Hanushek summarizes…

In this paper we examine the factors affecting the structure
of executives‘ compensation packages. We focus particularly on the role of
various types of delayed compensation as means of "bonding" executives to
their firms.
The basic problem is to design…

This paper examines the determinants of wages and fringe benefits in the fast
food industry- The focus of the paper is on exploring differences between
company-owned and franchised restaurants because agency problems are likely to
affect the management and operation…

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…