labor in favor of employing free skilled workers, thereby incentivizing the masses to engage in broad-based human capital …

Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several … countries, the social security system insures firms against their workers’ sickness absences. However, this insurance may create … blue-collar workers’ sickness absences was abolished (firms did not receive a similar refund for their white-collar workers …

employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then …