Firms and schools strive to increase productivity by optimally structuring the schedules of their employees and students. We analyze the impact of non-traditional school calendars on student and teacher productivity. These calendars differentially allocate mandated instructional time by choosing...

In their 1993 book, Richard Vedder and Lowell Gallaway contend that US unemployment during the twentieth century can be largely explained by movements in the "adjusted real wage rate", that is, the real hourly wage rate divided by labor productivity. In particular, the authors suggest that...

We present a systematic treatment of dynamic e⁄ects of Odyssean forward guidance explicit announcements about future policy rates. We focus on normal times unlike the mainstream of the literature that focuses on episodes of an e⁄ective (zero) lower bound on nominal interest rates. We present...

As countries develop (and food saturation takes hold), agriculture’s role as domestic employer declines. But the broader agri-food system (AFS) also expands, and the scope for agriculture-related job creation shifts beyond the farm. Historically, technological revolutions both have shaped and...