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In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials, and human capital accumulation on-the-job. We establish which features of the model can be non-parametrically identified and which cannot. We estimate the model and use it to...
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theory of social justice: the principles of compensation and reward. Ex-ante and ex-post versions of the compensation …
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Courts typically base compensation for loss of income in personal injury cases on either mean or median work income …-whole (full) compensation and mean and median work incomes. Given that consumption uncertainty associated with compensation … generally exceeds that associated with work income, we show that the appropriate make-whole compensation exceeds mean (and …
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At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion … on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after … Lazear, Kevin J. Murphy & Canice Prendergast) doing compensation research; this article is the result. …
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