This article examines the relationship between presence of vertical and horizontal inequalities and the emergence of social, distributive and civil conflicts in Belarus, Latvia, Kazakhstan, Kyrgyzstan, Lithuania, Russian Federation, Tajikistan and Ukraine. Are ethnic, religious or linguistic...

Using CPS data from 1979-2009 we examine how cyclical downturns and industry-specific demand shocks affect wage differentials between white non-Hispanic men and women, Hispanics and non-Hispanic whites, and African-Americans and non-Hispanic whites. Women's relative earnings are harmed by...

The compelling case offered by Austrians regarding the recent economic downturn has no doubt encouraged many to take a closer look at the broader Austrian perspective. Similarly, the jobless recovery has prompted some soul searching in labor economics. We briefly review the history and...

The Austrian school is unique for its emphasis of the capital structure of an economy. In this paper, I explore what this “capital-based” approach to macroeconomics with its focus on capital as a structure and the heterogeneity of not only physical but also human capital might teach us about...

In 1958 Jacob Mincer pioneered an important approach to understand how earnings aredistributed across the population. In the years since Mincer’s seminal work, he as well as hisstudents and colleagues extended the original human capital model, reaching importantconclusions about a whole array...

The labor market outcomes of ethnic minorities in advanced societies and their dependenceon social relationships and membership in social networks are important empirical issueswith significant policy consequences...

In this paper we empirically examine differences in search behavior between men andwomen. We assess hypotheses regarding duration of search, wages and tenure. Thehypotheses are derived from two models: the equilibrium search model with discriminatoryfirms by Black (1995) and an opportunity cost...

This study examines the role of individual characteristics, occupation, industry, region, andworkplace characteristics in accounting for differences in hourly earnings between men andwomen in full and part-time jobs in Britain. A four-way gender-working time split (male fulltimers,male...

The emergence of a transitional labor market offers new opportunities to workers, but at thesame time bears the risk of (new) inequalities. This paper deals with unequal chances on thetransitional labor market in the Netherlands, in particular for workers from the four largestimmigrant groups:...

Over the recent years, money has become one of the most compelling topics in modern societies. Consequently, financial literacy turns out to be an indispensable ability in today's complex reality. Numerous studies reveal that the level of financial literacy is dependent on the socio-economic...