Using information from the personnel files of a South African clothing firm, the author explores the in- and outflow of weekly-paid workers. These employees form a separate labor market within the company. Data was available concerning both the productivity of current workers, and the...

This paper argues that preconditions for welfare benefit entitlements based on labour market prospects can be counterproductive when they create an incentive for individuals to abstain from any investment earlier in life that could improve future prospects. Benefit entitlements based partly on...

We report on the trade-offs that 1,068 Australian university students make between absolute income and the rank of that income in hypothetical income distributions. We find that income rank matters independently of absolute income, with greater weight given to rank by males, migrants, and...