Although there exists a large literature on the effects of trade unions upon wages, there is no published work that uses microeconomic data to examine the employment consequences of unionization. The paper addresses this issue with a new British data set and shows that, even after the addition...

Although there exists a large literature on the effects of trade unions upon wages, there is no published work that uses microeconomic data to examine the employment consequences of unionization. The paper addresses this issue with a new British data set and shows that, even after the addition...

This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...

Antidepressants as a commodity have been remarkably little-studied by economists. This study shows in new data for 27 European countries that 8% of people (and 10% of those middle-aged) take antidepressants each year. The probability of antidepressant use is greatest among those who are...

"The paper is an attempt to test whether there is a wage curve in western Germany and if so whether it might be explained by efficiency-wage forces. Such a theory makes two predictions. First, where the degree of supervision is low, wages will be high. Second, where the degree of supervision is...

Humans run on a fuel called food. Yet economists and other social scientists rarely study what people eat. We provide simple evidence consistent with the existence of a link between the consumption of fruit and vegetables and high well-being. In cross-sectional data, happiness and mental health...

According to the well-being measure known as the U.N. Human Development Index, Australia now ranks 3rd in the world and higher than all other English-speaking nations. This paper questions that assessment. It reviews work on the economics of happiness, considers implications for policymakers,...

This paper provides evidence for the existence of a wage curve - a micro-econometric association between the level of pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other countries, the wage curve in the United States has a long-run...

This paper summarizes evidence for the existence of a wage curve a downward-sloping relationship between the level of pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1.

A modern statistical literature argues that countries such as Denmark are particularly happy while nations like East Germany are not. Are such claims credible? The paper explores this by building on two ideas. The first is that psychological well-being and high blood-pressure are thought by...