We examine chief executive officer (CEO) career and compensation changes for large firms filing for Chapter 11. One-third of the incumbent CEOs maintain executive employment, and these CEOs experience a median compensation change of zero. However, incumbent CEOs leaving the executive labor...

The narrowing wage gap between high and low skilled workers in the Chinese labor market in recent years is suggestive of government interventions which may have been implemented in the capital markets. We develop a game theoretic model between a continuum of heterogeneous workers and the...

An instrumental variables strategy is employed to determine whether the observed association between individual human capital and average skills in ethnic groups (ethnic capital), even after conditioning on parental skills, is due to ethnic peer effects. The instrument for ethnic capital is...

We examine the correlation between modern human capital and income among adult men in four foraging horticultural societies of Bolivia. Despite their remote location, we find results similar to those found in developed nations. We find that: (a) education correlates with 4.5% higher overall...