There are two basic explanations of price discrimination in medicine. The traditional explanation is that the American Medical Association enforces sufficient price discipline to apply the theory of a price-discriminating monopolist. Members of the AMA explain price discrimination by the...

Using data from the 1980 wave of the young men NLS sample, this paper provides estimates of the queue model developed by Farber to explain the process of union status determination. The use of NLS data largely avoids the censoring problem encountered by Farber in estimating his model and permits...

A widely cited explanation of mandatory retirement age provisions is the "incentives" model developed and tested by Lazear. The research reported here builds upon Lazear's empirical framework by adding testable implications drawn from a specific human capital explanation of mandatory retirement....

Kane and Rouse (1993) furnish evidence that enrollment in a two-year-or four-year-college program increases earnings by 5 to 8 percent per year of college credits, whether or not a degree is earned. This evidence has provided the intellectual basis for policy recommendations to increase access...

This paper provides new evidence about the payoffs to community colleges’ terminal training programs as distinct from their traditional transfer function. Using NLSY data, we offer three main findings. First, fouryear college graduates who started at a community college are not at a...