the executive. Agency theory remains the only viable candidate for answering the question about how executive compensation … compensation, in the context of agency theory. We suggest two fertile areas for research regarding the improvement of executive …

reservation wages to unemployment benefits. Some existing estimates imply significant gains to raising the current level of … unemployment benefits in the United States, but highlight the need for more research on the determinants of reservation wages. Our … welfare. This insight leads to a novel test for the optimality of unemployment insurance based on the responsiveness of …

that incorporates unemployment and endogenous wages. This formula nests a broad variety of structures of the labor market … Income Tax (NIT) at the bottom of the income distribution, in the presence of unemployment and wage responses to taxation …, such as competitive models with fixed or flexible wages and models with matching frictions. Our results show that the …