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.

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.

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.

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...