Previous wage studies of the period before World War I found that real wages remained stable from 1890 to 1914 despite the continued growth of the economy. This study indicates that this conclusion was based on faulty statistics. Using new estimates of money wages and a new cost-of-living index,...

This volume contains revised versions of the papers presented in 1971 at the Princeton University Conference on Discrimination in Labor Markets, and the formal discussions of them.This paper is by Kenneth Arrow, winner of the Nobel Prize in Economics, who lays the theoretical foundations of the...

Main description: In 1986 the Age Discrimination in Employment Act (ADEA) was amended to abolish mandatory retirement for tenured faculty members in colleges and universities effective January 1, 1994. Will this "uncapping" of the retirement age adversely affect the vitality of academic...

The authors begin with the hypothesis that parental contacts play a major role in finding jobs for youth. This hypothesis is tested with a model of youth employment that includes characteristics of other family members in addition to a large set of control variables. Particular attention is paid...