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Ordering ambiguous acts
(2017-09)
Bias in Returns to Tenure When Firm Wages and Employment Comove: A Quantitative Assessment and Solution
(University of Chicago Press, 2017-11-08)
It is well known that unless worker-firm match quality is controlled for, reduced-form estimates of returns to firm tenure will be biased. In this paper, we show that there is a further pervasive source of bias, namely, ...
Equal and Unequal Exchange in the Labor Theory of Value: Comments on Moseley
(Taylor & Francis, 2017-05-22)
This article explores the analytics of the labor theory of value as presented by Moseley in this minisymposium. It presents a more general approach, which carefully distinguishes equivalent from nonequivalent exchange. It ...
Pathways from school to work in the developing world
(2017-01-13)
The Principle of Minimum Differentiation Revisited: Return of the Median Voter
(Elsevier BV, 2017-12-28)
We study a linear location model (Hotelling, 1929) in which n (with n ≥ 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend ...
Saving and wealth inequality
(2017-10)