The incidence of evening and night work declined sharply in the United States between the early 1970s and the early 1990s, while the fraction of work performed at the fringes of the traditional regular working day grew. This secular decline did not result from industrial shifts or demographic...

Using a generalized asymmetric adjustment function including both costs of changing employment (net changes) and costs of hiring or firing (gross changes), the authors derive the profit-maximizing path of employment demand and the Euler equation whose parameters they estimate. Identifying the...

The authors distinguish between bequests that are planned as part of a life time optimization process and those that are the unplanned result of errors in forecasting the date of death. Given the initial endowment, a positive relation b etween the bequest and the planning horizon, and a negative...