Labor Markets and Labor Law Compared with Capital Markets and Corporate Law

Equal Opportunity Law and the Construction of Internal Labor Markets

Accounting: Labor, Capital And Product Markets

Accounting practices differ across geographic and political boundaries, across sectors of the economy within these boundaries, and across types of organizations. Globalization exerts a homogenizing force across the political and jurisdictional boundaries with mixed consequences. The development of markets for various factors of production exerts a similar integrative force across sectors of the...

Vintage Capital in Frictional Labor Markets∗

Does capital-embodied technological change play an important role in shaping labor market outcomes? To address this question, we develop a model with vintage capital and search-matching frictions where irreversible investment in new vintages of capital creates heterogeneity in productivity among both vacant and matched firms. We demonstrate that capital-embodied technological change reduces lab...

Labor Specialization, Ethnicity, and Metropolitan Labor Markets

This paper provides an empirical assessment of the extent to which co-ethnic workers are underor overrepresented in industry and occupation-based employment sectors based on the characteristics of workers themselves, attributes and resources of ethnic groups in which workers are affiliated, and characteristics of metropolitan areas. Specifically, the paper evaluates two claims found in the lite...

Occupation-Specific Human Capital and Local Labor Markets

Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. However, economists have typically focused on skills that are either specific to a given firm or skills that are completely general. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outc...