This chapter reviews recent developments in the study of individual employment contracts. It
discusses three reasons for an employer and an employee to have a contract:(1) to allocate …

This paper reviews the literature on wage differences among industries and establishments.
After surveying the empirical evidence on intra‐and interindustry wage differentials, five …

This paper reexamines the empirical basis for two" facts" that seem to be found in most cross-
section studies of immigrant earnings:(1) the earnings of immigrants grow rapidly as they …

We study the allocation and compensation of human capital in the US finance industry over
the past century. Across time, space, and subsectors, we find that financial deregulation is …

Results from the Displaced Worker Surveys show that the wage cost of switching industries
following displacement is strongly correlated with predisplacement measures of both work …

The purpose of the trade reforms was to expose domestic producers to international
competition, increase efficiency, accelerate growth, and reduce at the same time the prices …

This paper provides empirical assessments of the two leading explanations of measured
inter-industry wage differentials:(1) true wage differentials exist across industries, and (2) the …

Worker industry affiliation plays a crucial role in how trade policy affects wages in many
trade models. Yet, most research has focused on how trade policy affects wages by altering …

One of the most striking changes in the US economy over the past 50 years has been the
growth in the service sector. Between 1950 and 2000, service‐sector employment grew from …

The authors present important research showing that corporatist institutions generate
smaller non-competitive wage differentials than a decentralized system. A theoretical …