Sunshine, Lemons, and Love

Layoffs, Lemons and Temps∗

We develop a dynamic equilibrium model of labor demand with adverse selection. Firms learn the quality of newly hired workers after a period of employment. Adverse selection makes it costly to hire new workers and to release productive workers. As a result, firms hoard labor and under-react to labor demand shocks. The adverse selection problem also creates a market for temporary workers. In equ...

Sunshine and the cardiovascular benefits – a dose of sunshine!

Layoffs, Lemons, Race and Gender

Layoffs, Lemons, Race and Gender This paper expands on Gibbons and Katz (1991) by looking at how the difference in wage losses across plant closing and layoff varies with race and gender. We find that the differences between white males and the other groups are striking and complex. The lemons effect of layoff holds for white males as in Gibbons and Katz model, but not for the other three demog...

Sunshine and multiple sclerosis.

In 1960, Donald Acheson made the seminal observation that the global distribution of multiple sclerosis (MS) may be related to available hours of sunshine; this observation was met with disbelief at the time. However, over the subsequent more than 50 years, it has become clear that he may well be right. The effect of sunlight exposure and subsequent vitamin D production (generated by photolysis...

Phenomenology of love: The Destructive and Constructive Nature of Love

Love, this eminent humane experience, has been explored not only by writers and poets, but also by philosophers, psychologists and even experimental scientists. This paper aims to discuss a novel aspect in phenomenology of love, as the concept of destructive and constructive nature of love, which is to the best of our knowledge, presented for the first time. The fundamental idea of this paper w...