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The Relevance of the Household Production Function and Its Implications for the Allocation of Time
This paper provides a critique of the household production function approach and its application to the allocation of time. It is argued that many applications of the model, especially those making
Understanding the employment relation: the analysis of idiosyncratic exchange
This paper is concerned with jobs for which nontrivial job-specific skills and task-specific knowledge evolve, in a learning by doing fashion, during the course of a worker's employment. Otherwise
The New Jobs Tax Credit: An Evaluation of the 1977-78 Wage Subsidy Program
The New Jobs Tax Credit was one of the four programs in the 1977 economic stimulus package. This program, although viewed primarily as a countercyclical measure, may also alter the equilibrium
Evaluating the Evidence on Union Employment and Wages
Using Current Population Survey data for the years 1973–86, this study tests the hypothesis that the steep decline of union employment shares since 1973 is related to increases in union wages
Union Effects on Nonunion Wages: Evidence from Panel Data on Industries and Cities
The authors test for threat and crowding effects of unions on non-union wages at the industry and city levels, using panel data on the percent organized and nonunion industry and city wage
Toward a more general economic model of fertility determination: endogenous preferences and natural fertility.
This essay formally presents the 1976 Pennsylvania school economic model of fertility behavior. It is suggested as an alternative to the "Chicago-Columbia" approach that dominates the current work on
Shareholder Primacy's Corporatist Origins: Adolf Berle and 'The Modern Corporation'
Many corporate law discussants think of themselves as picking up where Adolf Berle and E. Merrick Dodd left off in a famous, precedent-setting debate in the 1930s. The generally accepted historical
The Case Against Shareholder Empowerment
Many look toward enactment of the law reform agenda held out by proponents of shareholder empowerment as a part of the regulatory response to the financial crisis. This Article argues that the
A Theory of Preferred Stock
Should preferred stock be treated under corporate law as an equity interest in the issuing corporation or under contract law as a senior security? Should a preferred certificate of designation