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This study describes the changes in the wage structure in Filand between 1977 and 1995, and provides a simple explanation based on demand and supply of skills.
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In this paper, we provide evidence that the rate of return to schooling varies across individuals and this variation is responsible for much of the variation in the length of schooling.
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This paper uses the Kreps-Porteus-Selden non-expected utility approach to study the effects of biological uncertainty on harvesting behavior when forest owners have preferences over harvest revenue and amenity services of forest stands.
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We consider a firm that is subject to employment protection laws that limit the firm's ability to fire labor. In particular, we suppose that though a firm which shuts down can fire all its workers, it may fire no fewer. Compared to a firm that is subject to no employment protection, a firm...
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