Firms use job promotions to incentivize hard work from low-level employees and to sort employees according to their skills. Since these two functions are often in conflict, a firm’s promotion strategy tries to balance them. Our model extends prior research by identifying job similarity between...

The common problem for many students is the selection of college to be enrolled in for graduate studies for their prospective career. A student is uncertain about making this decision. As many factors are involved in choosing an appropriate college for graduation, college selection falls into...

Frontmatter -- Acknowledgments -- Contents -- Tables -- Figures -- Introduction -- 1. The Economic Theory of Occupational Choice -- 2. Models of the Labor and Education Markets -- 3. Developments in the Market for Highly Specialized Workers after World War II -- 4. The Cobweb Pattern: the...