This paper analyzes the international controversy surrounding the U.S. effort to regulate cross-border banks in the aftermath of the global financial crisis. It proceeds as a case study of the Federal Reserve's enhanced prudential standards for large banking organizations, implemented in 2014...

Disaggregation of the labor market: The Balkanization of labor markets. Labor markets: their character and consequences. Effect of environment and administration on job evaluation.--The limits of union power over wages: Labor's income share and the labor movement. The impacts of unions on the...

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...