This essay on labor economics examines neoclassical theory's rise to ascendancy following the second World War, with a secondary focus on the relative decline but continued influence of institutionalist economic theory. The authors describe the evolution of institutional and neoclassical theory...

Proponents of comparable worth assert that within a firm jobs can be valued in terms of the skill, effort and responsibility they require, as well as the working conditions they offer, and that jobs that are of comparable worth to the firm should receive equal compensation. After documenting the...

Legal and administrative determinations of employers' compliance with "equal employment opportunity" (EEO) requirements often hinge on the issue of the availability of protected class members to employers. That is,courts and affirmative action review agencies compare the hire rates of protected...