In 1958 Jacob Mincer pioneered an important approach to understand how earnings aredistributed across the population. In the years since Mincer’s seminal work, he as well as hisstudents and colleagues extended the original human capital model, reaching importantconclusions about a whole array...

The labor market outcomes of ethnic minorities in advanced societies and their dependenceon social relationships and membership in social networks are important empirical issueswith significant policy consequences...

We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...

We discuss long-run growth in an economy which is subject toaggregate productivity shocks affecting all factors of production. Wedemonstrate that the presence of labor income risk unambiguously isan important determinant of long-run expected growth. The issue ofdynamic inefficiency of the...

This paper discusses a two-sector neoclassical overlapping generationseconomy with intermediate and final goods in the spirit of Romer(1990). The risk averse agents engage in one of two alternative occupations:either firm-ownership in the intermediate goods sector, characterizedby monopolistic...

The predominant part of the literature states that women are more likely to donate tocharitable causes but men are more generous in terms of the amount given. The last resultgenerally derives from the focus on mean amount given...

This paper develops a framework for studying individuals ideas about what constitutes justcompensation for chief executive officers (CEOs) and reports estimates of just CEO pay andthe principles guiding ideas of justice. The sample consists of students pursuing a Master ofBusiness Administration...

Gender Based Taxation (GBT) satisfies Ramsey´s optimal criterion by taxing less the moreelastic labor supply of (married) women. This holds when different elasticities between menand women are taken as exogenous and primitive...

We explore the impact of mentoring of females and gender segregation on wages using alarge longitudinal data set for Portugal. Female managers can protect and mentor femaleemployees by paying them higher wages than male-led firms would do...

There are robust gender differences in the domains of risk taking, overconfidence and competitionbehavior. However, as expertise tends to level these differences, we ask whether financialexperts still show gender dissimilarities in their domains of decision making? We analyzesurvey responses of...