Employer-financed health insurance systems like those used in the United States distort firms’ labor demand and adversely affect the economy. Since such costs vary with employment rather than hours worked, firms have an incentive to increase output by increasing worker hours rather than...

Recent evidence on the impact of youth employment on study time has found only small, negative effects. However, previous estimates may be biased downward due to weak identification and measurement error. In this article, we re-examine the question with more recent data from the American Time...

College football programs devote an enormous amount of resources in efforts to persuade high school football players to attend their schools. In this study, we develop an empirical model of the factors that recruits consider when selecting a school, using a database that combines school-specific...

Discouraged and marginally attached workers have received increasing attention from policy makers over the past several years. Through slackness in the labor market, periods of high unemployment should reduce the likelihood of receiving a job offer and thus create more discouraged workers....

Over the last decade there has been increasing international pressure on countries to raise 'social standards' (i.e. production standards based on environmental and labor conditions). Currently, the World Trade Organization does not allow countries to impose minimum standards on imports based on...

With the emergence of North-South intra-industry trade in products where consumers value quality, exporting countries potentially face significant barriers to entry. Due to the existence of asymmetric information about new products in a foreign market, the producer's reputation becomes an...

This paper analyzes how a country's commitment to labor standards is affected by the international political power they possess. Powerful countries may be less committed to actual enforcement of certain labor standards since they are unlikely to face significant threats of international...

This paper develops a theory of debt management in which government financing decisions have distributional consequences. We consider a constant aggregate endowment economy in which the government finances exogenous stochastic public spending needs with uniform lump sum taxes and...