Job tenure and the incidence of long-term employment have declined sharply in the United States. However, rates of job loss as measured by the Displaced Workers Survey (DWS), while cyclical, have not increased. This presents a puzzle that has several potential solutions. One is that, while...

It is a common observation that many individuals vote despite the fact that, in elections with even a moderate number of voters, the probability their vote will be pivotal is quite small. The theoretical solution of positing that individuals receive utility from the act of voting itself explains...