The article describes possible explanations for the relative decline in teacher salaries during recent decades. focuses on Norwegian case, but situation regarding Norway is equivalent many other countries across globe. Based comparisons with professions, three contributing are proposed. All of these relate to a common theme flexibility. first proposed explanation flexibility certification, whil...

This paper examines the 2008 player auction used in the Indian Premier League (IPL). An argument is made that the auction was less than satisfactory and that future auctions be replaced by a draft where player salaries are determined by draft order. The salaries correspond to quantiles of a three-parameter lognormal distribution whose parameters are set according to team payroll constraints. Th...

It is believed that low wages are an important reason why doctors and nurses in developing countries migrate, and this has led to a call for higher wages for health professionals in developing countries. In this paper, we provide some of the first estimates of the impact of raising health workers' salaries on migration. Using aggregate panel data on the stock of foreign doctors in 16 Organizati...

In a tough economic environment, managers are often forced to reduce employment and older workers are often the easy targets. Accordingly, discriminating practices based on age is more widespread than ever (Lucas & Keegan, 2008). Specifically, the Equal Employment Opportunity Commission (EEOC) of the United States of America (U.S.A) reported in Fiscal Year 2008, that the EEOC received 24,582 ch...

A growing literature indicates that people are increasingly motivated to experience a sense of meaning in their work lives. Little is known, however, about how perceptions of work meaningfulness influence job choice decisions. Although much of the research on job choice has focused on the importance of financial compensation, the subjective meanings attached to a job should also play a role. Th...

Salary Differences BetweenMale and Female RegisteredNurses in the United States Fifty years after the Equal Pay Act, the male-female salary gap has narrowed in many occupations.1 Yet pay inequality persists for certain occupations, including medicine and nursing. Studies have documented salary differences across clinical settings for diverse cohorts of physicians2,3 and higher salaries for male...

In this paper we consider the optimal management of an aggregated dynamic pension fund. There are n classes of workers whose salaries are stochastic.A portion of the salary is contributed to the funding process and the manager invests in a portfolio withm risky assets and a risk-free security. The main objective is to minimize the cost of contributions in a bounded horizon T and to maximize the...

Five experiments (total n = 2422, with U.S. American and French participants, four preregistered) show that people are more likely to use median salaries rather than CEO-median employee compensation ratios when making inequality fairness judgments based on company data. In separate evaluation of companies, we find no significant impact ratios, which express objective levels income inequality, b...