- International Macroeconomics (ECO4713)
- International Economics (ECO3703)
- Intermediate Macroeconomics (ECO3203)
- Economic Principles (Macroeconomics) (ECO2013)
|Ph.D., University of Wisconsin - Madison ‐ Economics/International Economics/Econometrics|
|M.A., University of Wisconsin - Madison ‐ Economics|
Office: LPH 316B
Refereed Journals (24)
Training and turnover with equilibrium unemployment. Faculty Publications (2011)
Government policies that promote on-the-job training have different effects when, due to unemployment, workers value job security. In this case, an increase in specific training leads to greater job security and lower wages. The wage ...
Money and efficiency wages: The neglected effect of employment on efficiency. Faculty Publications (2005)
The real effects of monetary shocks cannot be explained using current efficiency wage models. In these models, wage rigidities can cause money to have real effects, but not plausible real effects. This paper uses published ...
Undocumented immigration and host-country welfare: Competition across segmented labor markets. Faculty Publications (2005)
In this paper’s model, undocumented workers are endogenously sorted into secondary labor markets. When further illegal immigration occurs, some new migrants follow their fellows into already migrant-dominated jobs, lowering migrant wages and raising real incomes ...
Are wages too low? Empirical implications of efficiency wage models. Faculty Publications (1999)
Firms may pay efficiency wages to enhance productivity. The conventional presumption is that efficiency wages are inefficiently high because they lead to unemployment that is also inefficiently high; government policies that lower wages raise output. ...
Illegal immigration in an efficiency wage model. Faculty Publications (1999)
This paper studies illegal immigration using an efficiency wage/dual labor market model. The illegal immigrants are endogenously sorted, completely or incompletely, into secondary labor markets. The effects of immigration on native workers are more complex ...
The effect of taxes on labour in efficiency wage models: A comment. Faculty Publications (1999)
This comment shows that some of Pisauro’s (Journal of Public Economics, 1991, 46, 329–345) reported results hold only if the unemployment rate exceeds 50%. If it does not, specific labor taxes reduce wages. Also, output ...
Minimum wage laws: What does an employment increase imply about output and welfare? Faculty Publications (1998)
Card and Krueger find empirically that minimum wage laws may increase employment. The current paper seeks the analytical implications of employment-increasing minimum wages for output and welfare. The standard supply and demand model cannot be ...
Urban productivity, urban unemployment, and labor market policies. Faculty Publications (1998)
Some important effects of government policies on urban labor productivity are absent from Harris and Todaro’s popular two-region development model. Revising their model using efficiency wages allows for these effects and for endogenous urban wages, ...
Just, unjust, and just-cause dismissals. Faculty Publications (1997)
Job security or just-cause employment laws have been studied in several moral hazard or shirking models of efficiency wages. Employment rises in some models, falls in others. Curiously, these models usually assume either that no ...
Distortions and policies when labor turnover is costly. Faculty Publications (1993)
This paper uses a turnover model of efficiency wages that explicitly considers the microfoundations of the worker's choice to stay or quit. Here, there are two distortions. Employment and productivity are both too low to ...
Efficiency wages and international factor mobility. Faculty Publications (1993)
This paper incorporates efficiency wages into the Heckscher-Ohlin model. The capital intensive sector pays higher wages than the other sector. One result is that tariffs to attract capital increase welfare by increasing the quality, not ...
Monopolistic competition and international trade in a three factor economy. Faculty Publications (1987)
This international trade thesis uses three special assumptions: (1) One of the two sectors uses three factors of production; (2) The other sector is monopolistically competitive; (3) The capital-labor ratio of a firm in the ...