Empirical results in this paper indicate that firm-specific wage growth occurs almost exclusively during periods of on-the-job training. This finding suggests that within-firm wage growth is mainly determined by contemporaneous productivity growth. The results provide no evidence that...

In this paper, the authors reexamine the data from B. O'Neill's (1987) experiment involving a repeated, two-person, constant-sum game. They find that there is less evidence in support of the minimax hypothesis than indicated by O'Neill. There is strong evidence of serial correlation in players'...

This paper examines the effect of earnings taxes on wage variability over t ime. The authors estimate a "hedonic wage locus" which indicates ho w the market allows individuals to substitute the mean level of the w age for its variability across jobs. Information from this locus is u sed to...

Tenure responses in the Panel Study of Income Dynamics (PSID) and the National Longitudinal Surveys are often inconsistent with calendar time. These inconsistencies pose special problems in the PSID because job changes cannot be identified directly, so researchers must infer them from...

In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...