This article analyzes efficient employment agreements where the demand for consumption insurance can be satisfied by noncontractual means. We assume that workers can save and that consumption is determined by a strong form of the permanent income hypothesis. Under conditions of asymmetric...

Focuses on lessons learned from studies of unemployment insurance (UI). Theoretical implications of UI; Information on experience-rated UI; Effect of UI on subsequent earnings; Examination of the duration of UI; Measurement of unemployment duration. (Abstract copyright EBSCO.)

This represents two chapters of a proposed book co-authored by Bob Evenson and myself. The subject is relationships between agricultural productivity, research and information. The first chapter of this part is concerned with the "theory" of the value of information. Among other things, the...

The authors use the Current Population Survey to describe what they believe are the most salient aspects of labor force behavior of older men and women during the last two decades. First, they show that early retirement has increased dramatically and this trend continued through the 1980s....