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Adjustment Costs in Factor Demand
This study discusses the nature of adjustment costs, which underpin the dynamic theory of input demand. We examine the implications of the conventional assumption that they are quadratic-symmetric. AExpand
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An Economic Theory of Suicide
Although sociologists have developed and tested numerous theories about suicide, economists have not analyzed this phenomenon. We derive an economic theory of suicide and test its implications using:Expand
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Labor Demand and the Structure of Adjustment Costs
This study examines the nature of the costs that firms face in adjusting labor demand in response to shocks induced by changes in output demand and prices. Empirical work on monthly plant-levelExpand
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Expectations, Life Expectancy, and Economic Behavior
Unlike price expectations, which are central to macroeconomic theory and have been examined extensively using survey data, formation of individuals' horizons, which are central to the theory ofExpand
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The Demand for Labor in the Long Run
The theory of the demand for labor is presented along with a catalog and critique of methods that are used to estimate the parameters that describe empirical labor-demand and substitutionExpand
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Sleep and the Allocation of Time
Using aggregated data for 12 countries, a cross section of microeconomic data, and a panel of households, we demonstrate that increases in time in the labor market reduce sleep. Our theory of theExpand
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Beauty and the Labor Market
We develop a theory of sorting across occupations based on looks and derive its implications for testing for the source of earnings differentials related to looks. These differentials are examinedExpand
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Beauty, Productivity and Discrimination: Lawyers&Apos; Looks and Lucre
We propose several models in which an ascriptive characteristic generates earnings differentials and is sorted across sectors. The general approach shows how to distinguish the ultimate sources ofExpand
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Beauty Pays: Why Attractive People Are More Successful
Most of us know there is a payoff to looking good, and in the quest for beauty we spend countless hours and billions of dollars on personal grooming, cosmetics, and plastic surgery. But how muchExpand
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Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?
Social commentators have pointed to problems of workers who face time stressan absence of sufficient time to accomplish all their tasks. An economic theory views time stress as reflecting how tightlyExpand
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