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This paper analyses Becker´s (1971) theory of employer discrimination within a search and wage-bargaining setting … that the highest profits are realized by firms with a positive discrimination coefficient. Moreover, once ownership and … control are separated, both highest profits and highest utility may be realized by firms with a positive discrimination …
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We study the implications of incarceration for the earnings and employment of different groups, characterized by their race, gender, and education. Our hidden Markov model distinguishes between first-time and repeat incarceration, along with other persistent and transitory nonemployment and...
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Many small businesses have closed, lost revenues, or downsized as a response to health and economic disruptions caused by COVID-19. But, were economic losses in the pandemic disproportionately felt by businesses owned by people of color? This paper provides the first study of the impacts of...
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