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When contracts are incomplete and control over pre-existing assets are already assigned through onwership, the employment relation gives employers rights to expropriate worker investment. In contras...
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor market because the wage may be too low. In the presence of aggregate demand spi...
We are grateful to Daron Acemoglu, Eli Berman, Frank Levy, and Sendhil Mullainathan for superb suggestions and to Michael Anderson and Tal Gross for excellent research assistance. Autor acknowledges...
I use a field experiment to estimate the wage elasticity of employment in the day labor market in rural Malawi. Once a week for 12 consecutive weeks, I make job offers for a workfare-type program to...
We specify and implement a test for the importance of network effects in determining the establishments at which people work, using recently-constructed matched employer-employee data at the establi...
Many theoretical models of labor market search imply a tight link between worker flows (hires and separations) and job gains and losses at the employer level. We use rich establishment-level data to...
We thank Richard Rogerson, other conference participants, Claudia Goldin, Jason Faberman and Jim Spletzer for helpful comments and the Kauffman Foundation, the University of Chicago Booth School of ...
Comments on ‘Labor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball.
We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In the previous literature, it has been shown that, with perfect insurance markets, social ins...
Many entry-level labor markets (and quite a few other markets) have at some point in their history suffered from the “unraveling” of hiring decisions. Unraveling is typically a dynamicprocess, in whic...
The entry-level market for American gastroenterologists was organized by a centralized clearinghouse from 1986 to 1996. Before, and since,it has been conducted via a decentralized market in which appo...
We show that the e§ects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by Örms. We develop a model in which Örms post jo...
Euler-equation methods for solving nonlinear dynamic models involve parameterizing some policy functions. We argue that in the typical macroeconomic model with valuable leisure, labor function is part...
According to the textbook Keynesian model, short-run demand for labor is sensitive to the demand for goods. In this view, sellers deviate from setting the marginal product of labor proportional to the...

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