Traditionally, researchers have had difficulty testing the relationship between the degree of risk or uncertainty in workers' environments and incentive pay. The authors employ Prendergast?s (2002) theory that incorporates the delegation of worker authority into the principal-agent model to...

This study compares the corporate performance in 1990/91 of two groups of public companies: those in which employees owned more than 5% of the company's stock, and all others. The results of the analysis, which looks at profitability, productivity, and compensation, are consistent with neither...

Using data from the Displaced Workers Survey and the National Bureau of Economic Research Trade and Immigration Dataset, the author of this study finds that among manufacturing workers displaced in 1979-83, the average duration of joblessness varied directly with the rise in their industry's...

Using the Current Population Survey, the National Longitudinal Survey, and other sources, the authors provide the first comprehensive estimates of the number of minors working in violation of federal and state child labor laws (working excessive hours or in hazardous occupations), their...

In the U.S. private sector, women are less likely than men to be union members. This study analyzes a unique national survey (conducted in 1984) to determine if women are less interested than men in unionizing or if, instead, they are equally interested but face higher barriers to unionization....

This study tests an important implication of Weitzman's profit-sharing theory-the prediction that profit-sharing firms will have more stable employment than fixed-wage firms-using panel data on 2,976 publicly traded companies for the years 1971-85. Profit-sharing manufacturing firms are found to...