Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMWto lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors.Consistent with the life-cycle hypothesis, the effects on winners’...

We study explicit gender discrimination in a population of ads on a Chinese Internet job board. Gender-targeted job ads are common, favor women as often as men, and are much less common in jobs requiring higher levels of skill. Employers' relative preferences for female versus male workers, on...

We study explicit gender discrimination in a population of ads on a Chinese Internet job board. Gender-targeted job ads are common, favor women as often as men, and are much less common in jobs requiring higher levels of skill. Employers' relative preferences for female versus male workers, on...

Unlike existing models that rely heavily on assumption regarding unions' distributional preferences, the authors present a simple model in which union seniority-layoff rules and rising seniority-wage profiles result from optimal price discrimination against the firm. Surprisingly, even when cash...