This paper examines the influence of both the worker characteristics and job characteristics on pay. Data were collected specifically for this purpose. We find that both worker characteristics and job characteristics are important determinants of pay. In addition we find that females hold jobs...

We use the estimates from a hazard model of college student departure to simulate how changes in financial-aid packaging affect students' departure decisions over time. We find that changing loans to scholarships, as Princeton has recently done, has a large impact on retention and that...