We consider a model in which appropriate organization fosters innovation, but because of contractibility problems, this benefit cannot be internalized. The organizational design element we focus on is the division of labor, which as Adam Smith argued, facilitates invention by observers of the...

We consider a setting in which capital taxation is characterized by two distortions working in opposite directions. On one hand, governments engage in tax competition and are tempted to lower capital tax rates. On the other hand, they are unable to commit to future policies and, once capital has...

We examine gender differences in intergenerational patterns of social mobility for second-generation migrants. Empirical studies of social mobility have found that women are generally more mobile than men. Matching theory suggests that this may be because the importance of market characteristics...

Bargaining theory predicts that married women who experience a relative improvement in their labor market position should experience a comparative gain within their marriage. However, if renegotiation possibilities are limited by institutional mechanisms that achieve long-term commitment, the...

Household migration can affect labor market opportunities differently for the two spouses, both because of gender-specific differences between the skills of migrants and the skills that are in demand in the host country, and because of differences in the extent of gender-based labor market...