The strategic effects of subsidies on output and subsidies on investment differ substantially in dynamic models where a government's commitment ability is limited. Output subsidies remain effective even as the period of commitment vanishes, but investment subsidies may become completely...

The strategic effects of subsidies on output and subsidies on investment differ substantially in dynamic models where a government's commitment ability is limited. Output subsidies remain effective even as the period of commitment vanishes, but investment subsidies may become completely...

Using consistently estimated occupational, wage, and hours equations, we calculate earnings differentials by gender, race, and ethnicity. For example, if the market treated women like men, the average women would have earned $133 more per week so that American women would have earned $338...