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generate discriminatory wages. Each cause deserves corresponding policy action. Given pluralism, wage discrimination might be …
Persistent link: https://www.econbiz.de/10011795527
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011401020
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10009756103
"The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification -- unification of different theories of the same field of phenomena and unification of theories of...
Persistent link: https://www.econbiz.de/10003460687
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
According to data from the Labor Productivity and Costs (LPC) program, average hourly real compensation in the United States has grown consistently over time and become markedly more volatile since the mid-1980s. By contrast, data from the Current Employment Statistics (CES) imply that average...
Persistent link: https://www.econbiz.de/10011452713
When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order to influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze...
Persistent link: https://www.econbiz.de/10009683154
This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and published in Lives of the Laureates (MIT Press). A goal of the lecture series is to enhance understanding of the link between biography...
Persistent link: https://www.econbiz.de/10003799843
Persistent link: https://www.econbiz.de/10001784251
We use roster data of 96 top U.S. economics departments to document the academic origins of their tenure-track faculty. Academic origins may have implications for how undergraduate (B.A.) and doctoral (Ph.D.) students are trained and placed, as well as the type of research produced. We find that...
Persistent link: https://www.econbiz.de/10012802166