How can banks and similar institutions design optimal compensation systems? Would such systems conflict with the goals of society? This paper considers a theoretical framework of how banks structure job contracts with their employees to explore three points: the structure of a socially optimal...

In the increasingly vital yet bewildering world of financial economics, Darrell Duffie is both a deep-level theorist and a hands-on plumber.

Janet Currie began her career as a labor economist, with important work on game and bargaining theory, arbitration and negotiation strategy, and wage and employment determination. Today, as director of Princeton University’s Center for Health and Wellbeing, she explores the frontiers of...

Harvard economist on theories of trade and growth, and how institutions affect economic performance.

In an expansive review of a flourishing literature, researchers explore the promise of economic models that allow for human variation

Harvard economist shares her passion for historical research in areas such as urban slavery, the labor history of American women and the economic impact of educational movements.

A meticulous analysis reveals the full depth and breadth of U.S. economic inequality

In Ecuador, the transition to the U.S. dollar was sudden, dramatic and remarkably smooth.