In the context of a standard equilibrium matching framework, this paper considers how a duration-dependent unemployment insurance (UI) system affects the dynamics of unemployment and wages in an economy subject to stochastic job-destruction shocks. It establishes that re-entitlement effects induced by a finite duration UI program generate intertemporal transfers from firms that hire in future b...

Hilton, Jose Colmenares surveys a group of 13 women and 3 men and wonders which — if any — have the “right stuff” to become flight attendants with Southwest Airlines. Colmenares is not looking for a fixed set of skills or experiences. He’s searching for something far more elusive and much more important — the perfect blend of energy, humor, team spirit, and selfconfidence to match Southwest’s f...

[1] In this case, an artist and the organization that hired him to produce a sculpture contest the ownership of the copyright in that work. To resolve this dispute, we must construe the "work made for hire" provisions of the Copyright Act of 1976 (Act or 1976 Act), 17 U.S.C. §§ 101 and 201(b), and in particular, the provision in § 101, which defines as a "work made for hire" a "work prepared by...

Does import competition alter the extent to which employers, after negotiating workers’ wages upon hire, subsequently shield those wages from external labor-market conditions? If increased competition induces a switch away from these wage implicit agreements, then (1) the sensitivity of workers’ wages to the current unemployment rate should increase as competition increases and (2) the sensitiv...

Abstract: Using personnel data from a large U.S. retail firm, we examine whether the race or ethnicity of the hiring manager affects the racial composition of new hires. Estimating models with store fixed effects, we find significant effects of manager race and ethnicity. First, all nonblack managers—i.e., whites, Hispanics, and Asians—hire more whites and fewer blacks than do black managers. T...

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