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We explore alternative measures of unobserved health status in order to identify effects of mental and physical capacity for work on older men’s retirement. Traditional self-ratings of poor health are...
This paper asks (a) why and how institutions change, (b) how an institution persists in a changing environment, and (c) how processes that it unleashes lead to its own demise. The paper shows that t...
In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strengt...
This paper develops a framework for analyzing individuals' choices in the pres- ence of endogenous social networks and implements it with data on teen smoking decisions and friendship networks. By a...
We develop an estimator of unreported income, perhaps due to tax evasion, that does not depend on as strict identifying assumptions as previous estimators based on microeconomic data. The standard i...
This paper proposes a parametric approach to estimating a dynamic binary response panel data model that allows for endogenous contemporaneous regressors. Such a model is of particular value for settin...
We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate this model to U.S plant-size data to quantify the...
The validity of existing empirical tests of the Pollution Haven Hypothesis (PHH) is constantly under scrutiny due to two shortcomings. First, the issues of unobserved heterogeneity and measurement err...
We show that equilibrium matching models imply that standard estimates of the matching function elasticities are exposed to an endogeneity bias, which arises from the search behavior of agents on eith...
Like a fashion trend traveling from New York to the heartland, soul-searching about causality has made its way from empirical research in economics to that in political science with the usual lag....
In this paper, we generalize the notion of Pareto efficiency to make it applicable to environments with endogenous populations. Two efficiency concepts are proposed: P- efficiency and A-efficiency. Th...
In this paper, we generalize the notion of Pareto efficiency to make it applicable to environments with endogenous populations. Two efficiency concepts are proposed: P- efficiency and A-efficiency. Th...
The paper tackles the issue of regional and social development. From a sociological point of view, it focuses on the phenomenon of complementary currency systems. The analysis shows that money, as a s...
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochas...
Previous studies on gender wage discrimination have relied on OLS when estimating the wage equations. However, there exists a number of recent studies, devoted to estimating the return to education, t...

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