This paper surveys recent developments in the literature on efficiency wage theories of
unemployment. Efficiency wage models have in common the property that in equilibrium …

Jobs differ along many dimensions including firm size. The wage gap due to firm size of 35%
is comparable to the gender wage gap of 36% for men over women and greater than the …

Rising profitability and market valuations of US businesses, sluggish wage growth and a
declining labor share of income, and reduced unemployment and inflation, have defined the …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

We develop new evidence on the cumulative earnings losses associated with job
displacement, drawing on longitudinal Social Security records for US workers from 1974 to …

This book was written to complete the curriculum requirement of the Master's of
Macroeconomics degree. Macroeconomics is a very practical subject and can be very useful …

This paper considers how identity, a person's sense of self, affects economic outcomes. We
incorporate the psychology and sociology of identity into an economic model of behavior. In …

We study a longitudinal sample of over one million French workers from more than five
hundred thousand employing firms. We decompose real total annual compensation per …

European unemployment has been steadily increasing for the last fifteen years and is
expected to remain very high for many years to come. In this paper, we argue that this fact …

Women have entered the labor market in unprecedented numbers, yet these critically
needed workers still earn less than men and have fewer opportunities for advancement. This …