Naidu, Suresh; Yuchtman, Noam - In: American Economic Review 103 (2013) 1, pp. 107-44
prosecutions. Following the abolition of criminal sanctions, wages differentially rose in counties that had experienced more … prosecutions, and wages responded more to labor demand shocks. Coercive contract enforcement was applied in industrial Britain …; restricted mobility allowed workers to commit to risk-sharing contracts with lower, but less volatile, wages. (JEL J31, J41, K12 …