Most regulated industries undergoing deregulation are capital intensive. In the existing cost-of-service regulatory framework the primary concern is that, guaranteed a competitive return on capital, the regulated firm has insufficient incentive to be cost efficient. In deregulating firms within...

Employer mandates and other labor demand/supply shocks typically have small effects on wages and employment. These effects should be more discernible using data on employment transitions and wages among new hires rather than incumbents. The Quarterly Workforce Indicators (QWI) dataset provides...

This paper describes the construction of time-consistent national and state-level estimates of union density for the years 1964 through 2000. Two sources of data are combined to produce these estimates, the Current Population Survey (CPS), a monthly survey of U.S. households, and the...

This paper describes the construction of time-consistent national and state-level estimates of union density for the years 1964 through 2000. Two sources of data are combined to produce these estimates, the Current Population Survey (CPS), a monthly survey of U.S. households, and the...

This paper examines the relationship between private sector union density and the wage premium, identifying where we have been and where we may go. The starting point is that labor unions are in decline and now represent a small proportion of the private sector workforce. This trend poses a...

This study estimates earnings function parameters across alternative occupational paths, with an emphasis on identifying rates of return to school and post-school human capital investment. Based on cross-sectional and synthetic cohort analysis using the 1973-2000 Current Population Surveys,...

This paper examines the relationship between private sector union density and the wage premium, identifying where we have been and where we may go. The starting point is that labor unions are in decline and now represent a small proportion of the private sector workforce. This trend poses a...

This study estimates earnings function parameters across alternative occupational paths, with an emphasis on identifying rates of return to school and post-school human capital investment. Based on cross-sectional and synthetic cohort analysis using the 1973-2000 Current Population Surveys,...

The market for hospital registered nurses (RNs) is often offered as an example of "classic" monopsony, while a "new" monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from several sources, we explore the relationship between...

Registered nurses (RNs) employed in hospitals realize a large wage advantage relative to RNs employed elsewhere. Cross-sectional estimates indicate a hospital RN wage advantage of roughly 20%. This paper examines possible sources of the hospital premium, a topic of some interest given the...