This paper develops an individual optimization model with persistent intergenerational immobility. Its key feature is that training costs are negatively correlated with family background, leading to differences in privately optimal training levels across population groups. Heterogeneity of...

Maternal employment during the first three years of the child’s life has a small deleterious effect on estimated verbal ability of three- and four year- olds and a larger negative impact on reading and mathematics achievement of five- and six-year-olds. This study provides a more pessimistic...

We investigate the determinants of pay in the nonprofit sector using data for 25–55 year olds from the 1994– 88 Current Population Survey Outgoing Rotation Groups. Our results are consistent with the hypothesis that compensation is primarily determined in competitive markets without...

This paper examines trends in the work and retirement patterns of males aged 58 to 63 in 1969 and 1989 respectively. The labor force attachments of this group have fallen for reasons unrelated to changes in individual characteristics or occupational attainment. Especially sharp reductions at age...