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Lower and Upper Bounds of Unfair Inequality: Theory and Evidence for Germany and the US
equality of opportunity fairness redistribution wage inequality
2011/7/26
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibilit...
Wage Premia for Newly Hired Employees: Theory and Evidence
wages job mobility wage premia human capital new hires
2011/2/1
We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than n...
Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"
personal bankruptcy law insolvency entrepreneurship fresh start
2011/1/1
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover ...
Two labor supply issues that have received substantial attention are the responsiveness of labor supply to wage changes and the imposition of labor supply constraints. Adjusting hours worked on a seco...
Governing the Firm:Workers' Control in Theory and in Practice
Workers' Control Theory Practice
2009/11/5
The dream of having workers own the enterprises in which they
work has been held by both utopian and pragmatic scholars for
centuries. The nineteenth century Knights of Labor had the
establishment ...
Overeducation, Undereducation, and the Theory of Career Mobility
Qualification mismatch overeducation career mobility wage change
2000/9/17
The Theory of career mobility (Sicherman and Galor 1990) claims that wage penalties for overeducated workers are compensated by better promotion prospects. A corresponding empirical test by Sicherman ...