Economic Logic

Nominal wage downward rigidity is a feature of many macro-models that help justify positive optimal inflation rates. In fact, that is pretty...

I have complained several times already that house ownership should not be encouraged by public authorities, mainly because it prevents dive...

Generally, frictions in markets are viewed as something to avoid, except in rare cases like when they prevent excessive and damaging volatil...

Why do immigrants americanize their name? Evidently, they feel that this will help them integrate into the host society and bring them some ...

How immigrants integrate into the native population has been a concern in many countries for a long time. Typically, this has been done by l...

While the last decade will be remembered for the financial crisis, another marked new trend that is emerging in all industrialized economies...

If you look at just about any paper that considers the life-time profile of wages, you invariably find the same picture: a hump-share with w...

While the unemployment situation in the US is gradually getting better, the numbers on the labor force participation continue to decline. Th...

Quite a few countries guarantee paid leaves for new mothers that not only allow them to get back the same job they left, but also gives them...

There is no doubt that the Internet has changed the lives for many of us, both at home and at work. Email, online retail, online news and pl...

In many countries, it is customary or even mandated that firms should pay employees they let go a severance package. While that may make sen...

Why are people drawn to work as an artist? This kind of job seems to have all the characteristics that one would like to avoid for a typical...

The debates on whether to, depending on the country, introduce, repeal, increase or lower the minimum wage are never going to cease because ...

Modeling the labor market, we tend to postulate that wages are either posted by employers or negotiated, typically by Nash bargaining. This ...

Child labor has often been described as a vicious circle. Parents have too little income to feed their family and require their children to ...

Child labor is frowned upon because going to school is deemed essential to the development of every child, especially in terms of giving her...

Men earn more than women, this is still rue despite much effort over the past decades. The difference in wages, of course, needs to be measu...

The academic job market is characterized by much uncertainty about the job candidates, at least in Economics where students who have yet to ...

Smoking not only is bad for your health, it also lowers your wage. Of course, this may not come from the mere fact that you are smoking, but...

Both in Europe and the United States, minorities face significantly higher unemployment rates. In addition, they live in places that are far...