The authors propose models with an ascriptive characteristic generating earnings differentials and causing sectoral sorting, allowing them to distinguish among sources producing such differentials. They use longitudinal data on a large sample of graduates from one law school and measure beauty...

The authors examine the impact of looks on earnings using interviewers' ratings of respondents' physical appearance. Plain people earn less than average-looking people, who earn less than the good-looking. The plainness penalty is 5 to 10 percent, slightly larger than the beauty premium. Effects...

Workers choose a job and receive in return a bundle consisting of income and a probability of job injury. The authors view this income- job-risk bundle chosen by the worker as being exchanged in an implici t market. By jointly estimating the market income-job-risk locus and the optimum...

This article specifies and estimates an empirical model of male labor supply based on an implicit market model of wage-hours determination. The authors discuss how moving from a standard labor supply model to an implicit market model affects model specification and choice of estimation...

To examine the importance of the two sources of costs of adjusting labor demand, net costs (of adjusting employment) and gross costs (of hiring and firing), the author collects new sets of short monthly time series from a medium-size hospital and three manufacturing plants. Models with quadratic...

Using a generalized asymmetric adjustment function including both costs of changing employment (net changes) and costs of hiring or firing (gross changes), the authors derive the profit-maximizing path of employment demand and the Euler equation whose parameters they estimate. Identifying the...