We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...

The early 1990s marked a distinction between the EMS as a vehicle for creating monetary stability and the EMS as a vehicle for moving towards monetary union. We model that distinction by contrasting policies generated by preference transfers from the lead country (to create the EMS discipline of...

We argue that wages have increased so far ahead of labour productivity in East Germany as to produce a problem that will continue to hound German policy-makers for the next two decades. Despite rapid rates of capital accumulation (around 9%) and growth (around 5%) in East Germany over the coming...

Purpose The purpose of this paper is to produce a high-quality measure of the nature of healthcare resources available in China’s Township Health Centers (THCs), paying particular attention to equity between high- and low-income areas. Design/methodology/approach This study makes use of data...

Background: In 1996, the number of persons newly infected with hepatitis C virus (HCV) in the US was estimated to be 36 Objective: To estimate employment effects associated with hepatitis C morbidity. Design: An economic model of labour supply, which used the outcome measure workforce...

Using the Survey of Labour and Income Dynamics, the incidence of skills mismatches in the Canadian workforce was found to be about 27 percent. The overeducated (undereducated) were found to earn less (more) than their adequately educated counterparts. The overeducated could realize a wage gain...