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We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate this model to U.S plant-size data to quantify the...
Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse i...
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are ...
Labor Market Distortions and Economic Growth     Economic Growth  Labor Market Distortions       font style='font-size:12px;'> 2008/5/1
It is widely observed that the income gap between regions in China has widened with economic reform. More careful examination of income disparity shows that it first narrowed and then widened drast...

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