Students who attend schools in low income communities have significantly lower achievement and make smaller gains than their counterparts in high income communities. Explanations for this achievement gap are generally based on constraints in financial resources. However, when equalizing...

This paper studies the determinants of college attendance in Mexico. I use subjective quantitative expectations of future earnings to analyze both causes and implications of the steep income gradient in higher-education enrollment. I find that poor individuals require significantly higher...

The connection between the growth in hourly earnings inequality of individuals and changes in family earnings involves a number of issues: the movements in the employment of different family members, the association between changes in the earnings of the husband and those of the wife, and...

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

We estimate the effect of motherhood on wages using matching. We distinguish between net and direct effects. The net effect includes the total wage costs, whereas the direct represents the causal effect. Since covariates are likely affected by motherhood, the latter effect is not immediately...

This paper documents that, at the aggregate level, (i) real wages are positively correlated with output and, on average, lag output by about one quarter in emerging markets, while there are no systematic patterns in developed economies, (ii) real wage volatility (relative to output volatility)...

This paper develops a framework for studying individuals’ ideas about what constitutes just compensation for chief executive officers (CEOs) and reports estimates of just CEO pay and the principles guiding ideas of justice. The sample consists of students pursuing a Master of Business...