This paper studies the relationship between wages and the degree of firm heterogeneity in a given industry under different wage setting structures. To derive testable hypotheses, we set up a theoretical model…
This paper investigates how the implementation of monetary policy affects the dynamics and the volatility of the federal funds rate. Since the early 1980s, the most important changes in the Fed's conduct of…
This paper investigates the development of basic cognitive, motor and noncog-nitive abilities from infancy to adolescence. We analyse the predictive power of these abilities, initial risk conditions and home…
