strongly suggests that reservation wages decline in the duration of search. This paper reports the results of the first real … constant. Nevertheless, subjects' reservation wages decline sharply over time. We investigate two hypotheses to explain this …

which better job matching of college-educated workers increases individual-level wages and thereby contributes to the urban … wage premium. While we find that college graduates with better job matches do indeed earn higher wages on average, the …

The limited nature of data on employment referrals in large business and household surveys has so far impeded our … efforts to understand the relationships among employment referrals, match quality, wage trajectories, and turnover. Using a …

-interested executive to manage the firm on their behalf. A generic family of compensation contracts similar to those employed in practice …’s income. Incentive contracts of sufficient yet modest convexity are shown to result in an indeterminate general equilibrium … theoretical justification for the proposed family of contracts by demonstrating that they yield first-best outcomes for specific …

to major changes in the way CDS contracts are settled when default occurs. Auctions are increasingly the mechanism used … to settle these contracts, replacing physical transfers of defaulted bonds between CDS sellers and buyers. Indeed …, auctions will become a standard feature of all recent CDS contracts from now on. In this paper, we examine all of the CDS …