wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …

peak congestion. We examine the effect of workers' morning start times on their wages for Germany. In contrast to previous … work based on cross-section data, we demonstrate that wages are not, or maybe, a slight inverse U-shaped function of start …

's equilibrium implies that positive attributes in one location, like access to downtown or high wages, are offset by negative … attributes, like high housing prices. The employer's equilibrium requires that high wages be offset by a high level of … justify high wages is the basis for the study of agglomeration economies which has been a significant branch of urban …

wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested …. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labor market … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …

workers' age, wages, and productivity. Our analysis uncovers an inverse U-shaped relationship. While some wage adjustments … alignment between wages and productivity throughout workers' careers. …