divergence in growth and volatility. The results have important implications for the appropriate choice of aggregate wage series …

different firms and firms employing cooperative workers make strictly positive profits. Profit differences across firms persist …

often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly … rather than production functions and demonstrates that the profit share in revenue is a robust non-parametric economic …

capital-to-labor ratio and the level and volatility of corporate profits to rise, but only increased factor substitutability …

Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration … rates in spite of huge wage differences. This paper presents the theory in a simple two-period framework and uses ethnic … as theory predicts. …

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

individuals' sleep time exhibits both variability and volatility characterized by stationary autoregressive conditional … young children at home. Volatility is greater among parents with young children, slightly greater among men than women, but … independent of other demographics. A theory of economic incentives to minimize the dispersion of sleep predicts that higher …

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility …