We study the relationship of non-quantitative news to bond prices. We select a set of major news events based solely on their significance as judged by historians, and examine the corresponding bond price movements. We find strong evidence that news has some influence on bond price movements,...

Contents -- Part I: Vignettes from the Modern Workplace -- 1. The Fissured Workplace and Its Consequences -- 2. Employment in a Pre-fissured World -- 3. Why Fissure? -- 4. Wage Determination in a Fissured Workplace -- Part II. The Forms and Consequences of the Fissured Workplace -- 5. The...

"This manuscript explores the enforcement of employment standards, using a mixed-methods approach to examine Ontario as a case study. Drawing on interviews with workers, community advocates, and enforcement officials as well as new archival research, the manuscript demonstrates that enforcement...

Low unionization rates, a falling real federal minimum wage, and outsourcing have hampered wage growth in the low-wage sector in the US. In recent years, a number of private employers have opted to institute or raise company-wide minimum wages for their employees, sometimes in response to public...

What are the forces that are driving firms and industries to globalize their operations? This volume explores how specific industries have organized their global operations through case studies of seven manufacturing industries: garments and textiles, automobiles and auto parts, televisions,...

Recent wage growth at the bottom of the earnings distribution in the U.S. has reversed a decades-long trend of widening wage inequality. Numerous state and local minimum wage increases have overtaken an effectively non-binding federal minimum, and robust labor demand in the post-pandemic...

Regulating labor standards in the apparel industry has been a problem for more than a century. However, changes over the last decade in the relationships between retailers and apparel manufacturers have altered the product market forces governing the apparel industry. This paper explores how new...

This paper examines the determinants of the diffusion of team production systems (modular assembly) and the impact of these systems on firm performance relative to traditional assembly systems in the apparel industry. The paper draws on an extensive survey providing detailed information on a...

Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the...