This paper explores a possible link between job security and multiple job-holding in the United Kingdom. It is argued that an individual may hold a second job if they believe that their primary job has a high risk of termination. The reason is that holding a second job may cushion the financial...

Do students benefit from compulsory schooling? Researchers using changes in compulsory schooling laws as instruments have typically estimated very high returns to additional schooling that are greater than the corresponding OLS estimates and concluded that the group of individuals who are...

The purpose of this paper is to provide a simple model which illuminates the interdependence between primary commodity prices and the rest of the economy. We study the role of commodity prices in a disinflation program, the role of commodity prices in determining whether or not a fiscal...