Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...

We examine intergenerational mobility (IM) in educational attainment in Africa since independence, using census data from 26 countries. First, we map and characterize the geography of IM. There is substantial variation both across and within countries with differences in literacy of the old...

Americans average 25.1 working hours per person in working age per week, but the Germans average 18.6 hours. The average American works 46.2 weeks per year, while the French average 40 weeks per year. Why do western Europeans work so much less than Americans? Recent work argues that these...