Using individual-level data from the 2008 National Study of the Changing Workforce, we quantify how workers' job satisfaction levels correlate with five schedule-based workplace flexibilities. The data permit us to control for numerous variables that might otherwise explain variation in the...

Purpose – The purpose of this paper is to estimate the influence of workplace teams on wages and wage dispersion within UK establishments. Design/methodology/approach – Four types of workplace teams are analyzed using linked employer and employee data from the British Workplace Employee...

Purpose – The purpose of this paper is to estimate the influence of workplace teams on wages and wage dispersion within UK establishments. Design/methodology/approach – Four types of workplace teams are analyzed using linked employer and employee data from the British Workplace Employee...

We propose a Generalization of Roy's (1952) Safety First (SF) principle and relate it to the IID versions of Stutzer's (Stutzer's 2000, 2003) Portfolio Performance Index and underperformance probability Decay-Rate Maximization criteria. Like the original SF, the Generalized Safety First (GSF)...

This paper develops a simple, low-dimension portfolio selection rule based on minimizing the probability of realizing a return below some pre-determined benchmark or target rate. Unlike most shortfall-based methods, which employ approximations to the shortfall probability, this method operates...

This study generalizes the nonparametric approach to option pricing of Stutzer, M. (1996) by demonstrating that the canonical valuation methodology introduced therein is one member of the Cressie–Read family of divergence measures. Alhough the limiting distribution of the alternative measures...

The <italic>Lake Wobegon Effect</italic> (LWE) describes the potential measurement-error bias introduced into survey-based analyses of education issues. Although this effect potentially applies to any student-report variable, the systematic overreporting of academic achievements such as grade point average is...

Using firm-level payroll data from the Midwest logging industry, I compute a worker’s productivity response to a change in piece-rate pay, an elasticity of effort, using an empirical specification developed in Paarsch and Shearer (1999). Maximum-likelihood estimation of an agency-based...