We analyze the changes the National Collegiate Athletic Association (NCAA), a widely studied cartel, made in 2002 to the organizational structure of its most valuable asset, the Division I men’s basketball tournament. The NCAA granted itself more freedom in assigning participating teams to...

This paper analyzes the relationship between changes in unionization and firm growth. Average growth is significantly low er in manufacturing firms that experience successful union elections bu t these strong "effects" are largely illusory. The authors find no evidence of a significant...

The authors estimate employer-specific wage, tenure, and wage growth differentials using a unique Bureau of Labor Statistics' establishment survey of full-time, white-collar workers. Employer wage and tenure differentials, conditional on worker characteristics, are substantial in these data....

The authors estimate the short-run and life-cycle effects of unplanned children on unwed mothers by comparing unmarried women who first gave birth to twins with unwed mothers who bore singletons. They find large short-term effects of unplanned births on labor-force participation, poverty, and...

Self-employment rates and incomes differ significantly by race. The authors show that these differentials arise in markets with consumer discrimination and incomplete information about the price of the good and the race of the seller. Equilibrium income distributions have two properties: mean...

This paper investigates if young internal migrants in the United States experience economic assimilation as they adapt to their new residential location. Using data from the National Longitudinal Survey of Youth, the authors examine how the hourly earnings of interstate migrants are affected by...

This paper argues that firms use debt to protect the wealth of shareholders from the threat of unionization. Under U.S. labor law, the firm cannot prohibit its workers from attempting to form a collective bargaining unit. Debt policy offers a method of reducing the impact of this monopoly right...