This paper examines the set of surplus maximizing mergers in a model of mixed oligopoly. The presence of a welfare maximizing public firm reduces the set of mergers for which two private firms can profitably merge. When a public firm and private firm merge, the changes in welfare and profit...

We use US longitudinal survey data to examine the role of performance pay (other than profit sharing) in worker quit decisions. We argue that performance pay should increasingly be viewed as an indicator of an internal labor market rather than of a simple contemporaneous incentive. Suggestive of...

Job satisfaction has a significant and negative impact on voluntary job quits that may vary in size by gender. If women are more likely than men to quit dissatisfying jobs and therefore interrupt their careers, then gender gaps in earnings, labor force participation and leadership roles may...