When we control for worker characteristics, we are able to directly test theories of efficiency wages and fairness. We find that high-quality workers continue to be associated with good outcomes. High-wage strategies are also associated with better won-lost performance and higher attendance...

In this article, we analyze the impact of uncertainty on the hiring process. We show the connection between models of statistical discrimination where uncertainty can work against groups that have less reliable indicators of future productivity and models of option value where uncertainty about...

In this paper we analyze data for each Division I National Collegiate Athletic Association (NCAA) school on academic characteristics, athletic characteristics, and graduation rates. Three groups of athletes are studied: male football players, male basketball players, and female basketball...

Look to the way the Constitution allocates Senate seats to understand the truth about redistribution, says Wallace Hendricks of the University of Illinois.

Drawing on a single large U.S. corporation's personnel records for the years 1989–93, the authors analyze an example of the kind of formal salary system used by most large firms. They find that this firm's practices were consistent with most of the important conclusions of prior empirical...