The authors investigate how worker-owned and capitalist enterprises differ with respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms. Estimates calculated using a matched employer-worker panel data set for the...

Annual income data may provide a misleading indicator of enduring income inequality in societies where there is considerable year-to-year income mobility. Using two rounds of data on households, the paper measures income mobility in the People’s Republic of China (PRC) between the early 1990s...

This paper describes the association between market work and earnings inequality across families over the life cycle and over calendar time with special attention to the different experiences of college-educated and high-school-educated people. A concise and effective accounting framework is...

Books reviewed in this article: Peter A. Hall and David Soskice (eds.), Varieties of Capitalism: The Institutional Foundations of Comparative Advantage Robert E. Goodwin, Bruce Headey, Ruud Muffels and Henk-Jan Dirven, The Real Worlds of Welfare Capitalism Francine D. Blau and Lawrence M. Kahn,...

What can developing economies learn from the experience of developed economies about how best to regulate unionism and collective bargaining? This paper addresses this question by offering four principles that should guide economic policy on unionism and collective bargaining and then by...