We investigate compensation policies in family and non-family firms using a novel employer-employee matched dataset comprising nearly the universe of Italian incorporated firms and ownership information. Family firms pay significantly lower wages and offer slower and less rewarding careers....

We exploit time variation in the degree of development of local credit markets and matched employer-employee data to assess the role of the firm as an internal credit market. In less developed local credit markets firms can offer a flatter wage-tenure profile than firms in more developed credit...

One indicator of job quality in the developing world is the extent to which workers are covered by nonwage mandated benefits. Mandated benefits are a class of labor market regulation that requires employers to provide their workers with some form of non-wage pay or benefits. These benefits are...

We consider a model of endogenous human capital formation with competitively determined wages, where discrimination between ex ante identical groups is sustainable in equilibrium. An affirmative action policy consisting of a quota may "fail" in the sense that there still may be equilibria where...

We estimate the effects of obesity on wages accounting for the selection of workers into jobs requiring different levels of personal interactions in the work-place. Using data from the National Longitudinal Survey of Youth 1979 combined with detailed information about jobs from O*Net, we confirm...