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How do wage and other financial benefits affect the set of candidates for political office? In this theoretical paper, we answer the question by studying self-selection into politics of individuals with heterogeneous skills and heterogeneous motivations. Our predictions are in line with the...
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We use the labor market for doctorates in the biomedical sciences, where career dislocation is common, as a case study of skill-task mismatch and its consequences. Using longitudinal, worker-level data on biomedical doctorates, we investigate mismatch as an explanation for the negative pecuniary...
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unionization in an industry and region and a higher union wage differential are associated with fewer managers. (2) Managers wages …We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more …
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