“...This paper empirically assesses the wage effects of the Job Corps program, one of the largest federally funded job training programs in the U.S. Even with the...”

“...Workers in a wide variety of jobs are paid based on performance, which is commonly seen as enhancing effort and productivity relative to non-contingent pay...”

“...In contexts ranging from public goods provision to information collection, a player's well-being depends on his or her own action as well as on the actions...”

“...This paper shows that with (partial) irreversibility higher uncertainty reduces the responsiveness of investment to demand shocks. Uncertainty increases real...”

“...Monetary policy and the private sector behaviour of the U.S. economy are modelled as a time varying structural vector autoregression, where the sources of time...”

“...Institutions—quality of contract enforcement, property rights, shareholder protection, and the like—have received a great deal of attention in recent years...”

“...We lay out a small open economy version of the Calvo sticky price model, and show how the equilibrium dynamics can be reduced to a simple representation in...”

“...This paper develops a simple model to analyse how a lack of political competition may lead to policies that hinder economic growth. We test the predictions of...”

“...If an investor wants to form a portfolio of risky assets and can exert effort to collect information on the future value of these assets before he invests,...”