Although unemployment is often used as a measure of labor market inefficiency, economic theory indicates that market inefficiency is determined by both the gap between and the elasticities of supply and demand. Using time series data for the United States and United Kingdom, this article...

"This paper examines the explicit loss born by workers who face constraints in their working hours by analyzing differences in actual and desired hours and wages. Men tend to be underemployed while women are evenly split between over- and underemployment. Losses in surplus are generally small,...

Most comparability studies examine average pay differences, but this article explores differences in the distribution of public- and private-sector wages. Applying a new type of decomposition method, the results indicate that the difference in average wages is only a small part of wage...