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Interest groups ratings have long been used by social scientists to distinguish between liberal and conservative members of Congress. It is also well known that ratings by different groups are highly correlated with one another. Here, rather than focusing on the similarities between such...
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Unions compress the wage distribution among workers covered by union contracts. We ask whether unions also have an effect on the mangers of unionized firms. To this end we collected and assembled data on unionization and managerial pay within firms and industries in the US and across countries....
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Expanding of an approach suggested by Ashenfelter (1984), we extend the Phillips curve to an open economy and exploit panel data to estimate the textbook "expectations augmented" Phillips curve with a market-based and observable measure of inflation expectations. We develop this measure using...
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