("asset incentives"). This is because leverage, while central to the theory of risk shifting, is not explicitly considered by …

. For every percentage point increase in the national unemployment rate at graduation, college graduates incur wage …

There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of …

Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been …