Using a sample of young employed physicians, the determinants of perceived underpayment are examined for both white and minority workers. The examination confirms the importance of earnings comparisons within racial groups but also finds a substantial role for comparisons between racial groups....

New fuel economy standards require new U.S. passenger vehicles to achieve at least 34.1 miles per gallon (MPG) on average by model year 2016, up from 28.8 MPG today. In this paper, the magnitude, combinations and timings of the changes required in U.S. vehicles that are necessary in order to...

Previous research confirms that many employees work in jobs not well matched to their skills and education, resulting in lower pay and job satisfaction. While this literature typically uses cross-sectional data, we examine the evolution of mismatch and its consequences over a career, by using a...

This research uses German establishment data to examine the relationship between back loading compensation, the hiring of older workers and their part time status. We confirm that establishments that defer compensation are less likely to hire older workers. We demonstrate for the first time that...

This paper newly introduces sequential entry into previous models of spatial price discrimination that examine location choices made in anticipation of a potential merger. While merger with simultaneous entry routinely reduces social welfare, we show that mergers frequently improve welfare. The...

Free-riding potentially limits the effectiveness of profit sharing in motivating workers. While reciprocity can mitigate this problem, it need not be uniformly productive. We show that the probability of receiving profit sharing takes an inverse U-shape as detailed individual survey measures of...

We examine duopolists that have convex production costs and locate under spatial price discrimination in anticipation of a merger. We show that the merger frequently results in locations that reduce social cost. This contrasts with the well-known result that with linear production costs the...