Why do people work unpaid overtime? We show that remarkable long-term labor earnings gains are associated with unpaid overtime in West Germany. A descriptive analysis suggests that over a 10-year period workers with unpaid overtime experience on average at least a 10 percentage points higher...

Using a sample of fare quotes for non-stop travel from New York to London, this paper investigates the dynamics of offered fares as the departure date nears. We find that the general trend is toward fare increase at an accelerated rate as the departure date approaches. Clear differences in...

The paper analyzes factors that influence the adoption of e-learning and gives an example of how to forecast technology adoption based on a post-hoc predictive segmentation using a classification and regression tree (CART). We find strong evidence for the existence of technological...

In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...

Tropical cyclones that make landfall on the coast of the USA are causing increasing economic losses. It is assumed that the losses are largely due to socio-economic developments, i.e. growing wealth and greater settlement of exposed areas. However, it is also thought that the rise in losses is...

"Wettbewerb" und "Bildungspolitik" stehen in zweifacher Hinsicht im Zusammenhang: Erstens erfordert der internationale Wettbewerb den Erhalt und Ausbau des deutschen Humankapitalbestands. Damit dabei die Ressourcen effizient eingesetzt werden, ist es zweitens notwendig, mehr Wettbewerbselemente...

I interpret the 'distribution of income by sectors of the population' to refer to the personal distribution of income, with evidence about it derived from household surveys. Section 1 outlines the links between the personal and factor income distributions, and includes a discussion of research...