Using Michigan Panel Study of Income Dynamics data for 1979 and 1988, the authors analyze how a falling gender wage gap occurred despite changes in wage structure unfavorable to low-wage workers. The decrease is traced to 'gender-specific' factors which more than counterbalanced changes in...

This article investigates racial differences in 1985-86 salaries of individual professio nal basketball players. White and black players earn similar mean com pensation; however, controlling for a variety of productivity and mar ket-related variables and for the endogeneity of player draft...

This article builds and tests a model of the impact of a firm's bankruptcy probability on its propensity to offer deferred compensation schemes. Using 1983 Current Population Survey data, the authors find that, ceteris paribus, lower failure rates raise the incidence of pensions for nonunion...

Using union contract and industry wage survey data, this article examines the effect of discounting on cooperative bargaining behavior by unions and firms. Game theory predicts that higher discount rates raise the temptation to defect from cooperation. Measures of cooperative behavior include...