Introduction / Peter T. Chinloy and Ernst W. Stromsdorfer -- A comparison of labor market equilibria under different institutional organizations / Nicholas H. Kiefer -- Wage flexibility in the United States and Japan / Masanori Hashimoto and John Raisian -- The impact of international trade...

The decision to work and its levels of intensity are estimated for the real estate brokerage industry where workers can set their own hours. A three-stage model of the brokerage labor market is presented with decisions made recursively between full- and part-time status, wage offers and hours...