American business seems to be infatuated with its workers' "leadership" skills. Is there such a thing, and is it … leadership positions in high school earn more as adults, even when cognitive skills are held constant. The pure leadership … adults, and leadership skills command a higher wage premium within managerial occupations than other jobs. We find evidence …

American business seems to be infatuated with its workers' "leadership" skills. Is there such a thing, and is it … leadership positions in high school earn more as adults, even when cognitive skills are held constant. The pure leadership … adults, and leadership skills command a higher wage premium within managerial occupations than other jobs. We find evidence …

American business seems to be infatuated with its workers? ?leadership? skills. Is there such a thing, and is it … leadership positions in high school earn more as adults, even when cognitive skills are held constant. The pure leadership … adults, and leadership skills command a higher wage premium within managerial occupations than other jobs. We find evidence …

unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a … variety of data sets, we examine the implications of the model for the relationship between the employment and wages of …

, we answer the question by studying self-selection into politics of individuals with heterogeneous skills and … benchmark model with skills as the sole relevant characteristic of individuals is considered. Welfare is increasing in the …