A central determinant of the political economy of capital-labor relations is tha appropriability of specific quasi-rents. This paper is concerned with the general-equilibrium interaction of appropriability and characteristics of technology - nam ely, the embodiment of technology in capital and...

This paper offers and tests a theory of training whereby workers do not pay for general training they receive.

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the U.S. over the past two decades. In my model firms decide the composition of jobs and then match with skilled and unskilled workers.