Stochastic dominance has typically been used with a special emphasis on risk and inequality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance approach goes far beyond risk and...

The "new economics of the minimum wage" is based on the findings from case studies that minimum wages had no effect on employment and may even have increased it. This conclusion is at odds with the findings of earlier studies and those of a number of more recent studies which find a...

Using data for Bangladesh we find evidence of added worker effects resulting from father's health problems on both children's and (to a lesser extent) spouse's labor supply. In particular, when illness is short-lived or if treatment is required (when there are "health shocks") children's...

The "new economics of the minimum wage" is based on the findings from case studies that minimum wages had no effect on employment and may even have increased it. This conclusion is at odds with the findings of earlier studies and those of a number of more recent studies which find a...

This paper examines how unemployment can be measured in a normative fashion - taking into account the mean and inequality of spell lengths - and how the extent of unemployment can be estimated from cross section data of the type found in labour force surveys. The issue is not straightforward...

Cross section data suggest that the relationship between age and hourly earnings is an inverted-U shape. Evidence from panel data does not necessarily confirm this finding suggesting that older workers may not experience a reduction in earnings at the end of their working life. In this paper we...

In all continental European countries there exist non-market mechanisms that determine or "regulate" wage rates for the low-paid. We consider the experience of three countries that have national minimum wages France, Belgium, and the Netherlands--and three where low wage rates are determined...

The work of Card and Krueger has cast doubt on the nature of the relationship between the minimum wage and teenage employment. The earlier "consensus" finding of a small but statistically significant negative effect was based on time series data whereas Card and Krueger's findings are based...

In recent years, there has been a marked increase in the number of studies that examine the economics of child labor and more particularly the determinants of children's labor supply in developing countries. This paper provides a new angle on the causes of child labor force participation by...