This paper considers whether extending the on-the-job search model to account for endogenous search effort can help explain the shape of the wage distribution. More precisely, I show that it can be the case that the model generates hump-shaped wage distributions if preferences are non-separable...

Torgler and Schmidt (2007) have recently found a positive impact of pay on player performance in German soccer, measured by the number of goals and assists scored within a season. This note shows that their result is spurious as both a player's wage and goal/assist scoring are driven by...

In this note we provide empirical evidence that shows that there seems to be a high degree of substitutability between public and private employment. We estimate an aggregated production function with a CES specification over labor inputs both public and private. Under the assumption that...

This study analyzes a unique data set containing current salary and detailed job history information on a sample of 902 individuals drawn from 43 public U.S. Ph.D.-granting departments of economics. An analysis of current salaries by academic rank shows that 25% of Assistant Professors earn more...

This paper investigates the impact of monopsony power on the location decision of the firm. It shows that if the transportation rates are a function of distance only and the production function is homogeneous of degree one, the optimum location is independent of monopsony power. However, if the...

In this paper, we develop a measure of industry specific human capital using the Tobin's q theory. The measure is derived from a structural model of heterogeneous knowledge labor, which is homogeneous physical labor embodied with industry specific human capital.

This paper accounts for work sharing and unemployment in an efficiency wage model. The Solow condition holds when working hours are exogenous. Under the assumption of endogeneity and using general forms for the effort and cost functions, we prove that work sharing may have a reducing impact on...

We show that precocity, as measured by the age of entry into the elite-level professional basketball labor pool, often leads to better career outcomes. Our findings cast doubt on the on-court efficacy of the National Basketball Association's contentious age eligibility rule.

I use 1980, 1990, and 2000 Census data to show that greater residential segregation is associated with a lower probability that black men, black women, white men, and white women are in black-white marriages. This negative relationship grows stronger among whites and remains constant among...

This paper presents a simple model to characterize the discriminatory behavior of a non-complying firm in a minimum-wage economy. In the analysis, the violating firm pays one “favored†group of workers the statutory minimum and the other “non-favored†group of workers a...