This paper examines gender differences in labor market outcomes for hard-to-employ youth in the US and West Germany … absolute terms, correcting for purchasing power. The relatively high employment rates of less educated German youth combined … with their relatively high wages raise the question of how they are successfully absorbed into the labor market. We present …

construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit … an adverse signal, and establishing conditions under which equilibrium entails lowering wages (performance contracting …-strategy equilibrium. The economy is, in general, not efficient either in the selection of the form of equilibrium or the wages paid within …

, father's education, and wages for young men and their siblings from NLSY. We also examine the empirical implications of …

This study examines the effect of trade unionism on the dispersion of wages among male wage and salary workers in the … dominate the more widely studied impact of unionism on the dispersion of average wages across industries, so that on net …

financed by employer and employee, on male-female wage and employment differentials. Chapter 1 introduces the topic of sex …

they face and their family structure. We study wage risk in the UK and show that the persistence and riskiness of wages … alternative processes for wages: a canonical one and a flexible one that allows for the much richer dynamics that we document in …

We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a … worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit …-maximizing firms to compress wages under quite general conditions. Our laboratory experiments, on the other hand, show that --while …