option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …

tenured economists at 25 U.S. departments. Variants of Hirsch's index that emphasize smaller numbers of highly-cited papers … perform better than Hirsch's original index and have substantial power to explain which economists are tenured at which …

's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is … are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not …

Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job …-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid … comparable cross-country training data, finding support for the theory …

If consumption and non-wage amenities of work enter utility, holding few assets may induce a trade-off between wages … debt causes graduates to accept jobs with higher wages and lower job satisfaction. In a representative sample of college …

heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours …