Sherwin Rosen
Dados Biográficos
| ID | 3715037 |
|---|---|
| NOME | Sherwin Rosen |
| PRENOMES | Sherwin |
| SOBRENOME | Rosen |
| ASSINATURA | ROSEN S |
| AFILIAÇÕES | University of Chicago |
| VERIFICADO | Não |
| TOTAL DE OBRAS | 29 |
| TOTAL DE CITAÇÕES | 1554 |
| TOTAL COMO AUTOR | 29 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1969 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2004 |
| ÍNDICE H | 8 |
The Engineering Labor Market
This paper develops a dynamic supply and demand model of occupational choice and applies it to the engineering profession. The model is largely successful in understanding data in the U.S. engineering labor market. The engineering market responds strongly to economic forces. The demand for engineers responds to the price of engineering services and demand shifters. More important, supply and enrollment decisions are remarkably sensitive to career…
Labour Markets in Professional Sports
Important elements of supply and demand are starkly observable in professional athletics. Demand affects how pay varies with personal productivity, racial discrimination, the nature of factor substitutions, and player mobility. Property rights affect the supply of athletic talent, arms races and incentives to restrict competition. In sports, excess incentives to win can create negative externalities. Collective agreements such as reverse‐order dr…
Potato Paradoxes
Price and quantity data prove that Irish potatoes in the 1840s were not Giffen goods. Intertemporal trade‐offs required by the fact that a sizable fractiono of the potato crop is needed for seed crops can produce unusual market dynamics. The Irish experience is well described by a normal demand model in which a permanent decline in the productivity of seed potatoes was at first mistaken as a transitory crop failure. These mistakes provoked "overs…
Austrian and Neoclassical Economics
The systems aspects of Austrian economic thought pertaining to the process of competition deserve a prominent place in modern economic thinking. The paper develops the differences between the Austrian view of competition as an evolutionary process, and the neoclassical emphasis on determining market equilibrium under known or given conditions. These bear importantly on the fundamental way we think about decentralization of economic activities amo…
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
George J. Stigler and the Industrial Organization of Economic Thought
Distinguished Fellow
Jacob Mincer has helped set the research agenda and professional style in labor economics for over 30 years. His research helped uncover the empirical content of human capital theory, where he used those ideas to study the determinants of earnings and the sources and nature of earnings inequality. He was also a pioneer in studying labor force participation decisions of married women. For the past decade, Jacob has set his characteristic stamp on …
Male-Female Wage Differentials in Job Ladders
Much of the male-female wage differential exists because men and women are assigned to different jobs. Within narrow job categories, there is no male-female differential. Only a tortured taste theory of discrimination can reconcile these facts. We argue that differential movement along job ladders entails comparative advantage, so the ability standard for promotion is higher for women. This implies that more able women will be passed over in favo…
Organizational Economics
Housing Investment in the United States
A supply-determined model of housing investment is estimated from quarterly data over the 1963-83 period. The model is built on dynamic marginal cost pricing considerations and allows short- and long-run supply elasticities to differ. These are estimated as 1.0 and 3.0, respectively, but most of the long-run response occurs within one year. Rapid adjustment speed and the sizable long-run elasticity of supply are important factors in understanding…
Introduction
Chapter 12 The theory of equalizing differences
Implicit Contracts
Implicit contracts resolve the distribution of uncertainty and utilization of specific human capital between risk averse workers and less risk averse firms.Incomplete contracts are required to yield involuntary layoffs in contract markets: otherwise, contracts are efficient and pareto optimal by construction.There is a close relation between contract theory and neoclassical labor market theory.Contracts smooth consumption, but increase the volati…
[The Relative Deprivation Curve and Its Applications]
Studies in Labor Markets
Journal Article Studies in Labor Markets Get access Studies in Labor Markets. Edited by SHERWIN ROSEN. (London: University of Chicago Press, 1981. Pp. viii + 395. £23.80.) T. Lancaster T. Lancaster University of Hull Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 667–668, https://doi.org/10.2307/2232417 Published: 01 September 1983
Authority, Control, and the Distribution of Earnings
The distributions of firm size, span of control, and managerial incomes are modeled as the joint outcome of market assignments of personnel to hierarchical positions. Assigning persons of superior talent to top positions increases productivity by more than the increments of their abilities because greater talent filters through the entire firm by a recursive chain of command technology. These multiplicative effects support enormous rewards for to…
Studies in Labor Markets
Rank-Order Tournaments as Optimum Labor Contracts
This paper analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level. When workers are risk neutral, it is shown that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels. Under some circumstances, risk-averse workers actually prefer to be paid on the basis of rank. In addition, if workers are …
Education and Self-Selection
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBEr-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence the decision to attend college. Second, those who did not attend college would have earned less than measurably similar people who did attend, while thos…
Monopoly and product quality
Substitution and Division of Labour
The following sections are included:IntroductionIndirect Production FunctionsSelection and Income DistributionConclusionAcknowledgmentsReferences(This abstract was borrowed from another version of this item.)
Unemployment Insurance and Job Search Decisions
A Theory of Life Earnings
Theories of Poverty and Unemployment . David M. Gordon
Effects of Child-Care Programs on Women's Work Effort
Hedonic Prices and Implicit Markets
Rank-Order Tournaments as Optimum Labor Contracts
This paper analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level. When workers are risk neutral, it is shown that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels. Under some circumstances, risk-averse workers actually prefer to be paid on the basis of rank. In addition, if workers are …
Education and Self-Selection
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBEr-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence the decision to attend college. Second, those who did not attend college would have earned less than measurably similar people who did attend, while thos…
Housing Investment in the United States
A supply-determined model of housing investment is estimated from quarterly data over the 1963-83 period. The model is built on dynamic marginal cost pricing considerations and allows short- and long-run supply elasticities to differ. These are estimated as 1.0 and 3.0, respectively, but most of the long-run response occurs within one year. Rapid adjustment speed and the sizable long-run elasticity of supply are important factors in understanding…
A Theory of Life Earnings
Labour Markets in Professional Sports
Important elements of supply and demand are starkly observable in professional athletics. Demand affects how pay varies with personal productivity, racial discrimination, the nature of factor substitutions, and player mobility. Property rights affect the supply of athletic talent, arms races and incentives to restrict competition. In sports, excess incentives to win can create negative externalities. Collective agreements such as reverse‐order dr…
Introduction
Austrian and Neoclassical Economics
The systems aspects of Austrian economic thought pertaining to the process of competition deserve a prominent place in modern economic thinking. The paper develops the differences between the Austrian view of competition as an evolutionary process, and the neoclassical emphasis on determining market equilibrium under known or given conditions. These bear importantly on the fundamental way we think about decentralization of economic activities amo…
On the Interindustry Wage and Hours Structure
Implicit Contracts
Implicit contracts resolve the distribution of uncertainty and utilization of specific human capital between risk averse workers and less risk averse firms.Incomplete contracts are required to yield involuntary layoffs in contract markets: otherwise, contracts are efficient and pareto optimal by construction.There is a close relation between contract theory and neoclassical labor market theory.Contracts smooth consumption, but increase the volati…
Potato Paradoxes
Price and quantity data prove that Irish potatoes in the 1840s were not Giffen goods. Intertemporal trade‐offs required by the fact that a sizable fractiono of the potato crop is needed for seed crops can produce unusual market dynamics. The Irish experience is well described by a normal demand model in which a permanent decline in the productivity of seed potatoes was at first mistaken as a transitory crop failure. These mistakes provoked "overs…
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
George J. Stigler and the Industrial Organization of Economic Thought
Distinguished Fellow
Jacob Mincer has helped set the research agenda and professional style in labor economics for over 30 years. His research helped uncover the empirical content of human capital theory, where he used those ideas to study the determinants of earnings and the sources and nature of earnings inequality. He was also a pioneer in studying labor force participation decisions of married women. For the past decade, Jacob has set his characteristic stamp on …
Substitution and Division of Labour
The following sections are included:IntroductionIndirect Production FunctionsSelection and Income DistributionConclusionAcknowledgmentsReferences(This abstract was borrowed from another version of this item.)
The Engineering Labor Market
This paper develops a dynamic supply and demand model of occupational choice and applies it to the engineering profession. The model is largely successful in understanding data in the U.S. engineering labor market. The engineering market responds strongly to economic forces. The demand for engineers responds to the price of engineering services and demand shifters. More important, supply and enrollment decisions are remarkably sensitive to career…
On the Interindustry Wage and Hours Structure
Poverty and Discrimination
Labor Supply and Income Redistribution
S ome recent papers have estimated labor supply functions for the working poor. 1 All have a single objective: To estimate the labor force effects of a negative income tax or related income program. The basic argument is simply that the increase in unearned income leads to an income reduction in the labor supply. This, because leisure is a superior good. Also, most negative income tax schemes entail an increased marginal tax rate, that is the sam…
Theories of Poverty and Unemployment . David M. Gordon
Effects of Child-Care Programs on Women's Work Effort
Hedonic Prices and Implicit Markets
A Theory of Life Earnings
Unemployment Insurance and Job Search Decisions
Monopoly and product quality
Substitution and Division of Labour
The following sections are included:IntroductionIndirect Production FunctionsSelection and Income DistributionConclusionAcknowledgmentsReferences(This abstract was borrowed from another version of this item.)
Education and Self-Selection
A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent statistical models of self-selection and unobserved components. Estimates from NBEr-Thorndike data strongly support the theory. First, expected lifetime earnings gains influence the decision to attend college. Second, those who did not attend college would have earned less than measurably similar people who did attend, while thos…
Rank-Order Tournaments as Optimum Labor Contracts
This paper analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level. When workers are risk neutral, it is shown that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels. Under some circumstances, risk-averse workers actually prefer to be paid on the basis of rank. In addition, if workers are …
Authority, Control, and the Distribution of Earnings
The distributions of firm size, span of control, and managerial incomes are modeled as the joint outcome of market assignments of personnel to hierarchical positions. Assigning persons of superior talent to top positions increases productivity by more than the increments of their abilities because greater talent filters through the entire firm by a recursive chain of command technology. These multiplicative effects support enormous rewards for to…
Studies in Labor Markets
Studies in Labor Markets
Journal Article Studies in Labor Markets Get access Studies in Labor Markets. Edited by SHERWIN ROSEN. (London: University of Chicago Press, 1981. Pp. viii + 395. £23.80.) T. Lancaster T. Lancaster University of Hull Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 667–668, https://doi.org/10.2307/2232417 Published: 01 September 1983
[The Relative Deprivation Curve and Its Applications]
Implicit Contracts
Implicit contracts resolve the distribution of uncertainty and utilization of specific human capital between risk averse workers and less risk averse firms.Incomplete contracts are required to yield involuntary layoffs in contract markets: otherwise, contracts are efficient and pareto optimal by construction.There is a close relation between contract theory and neoclassical labor market theory.Contracts smooth consumption, but increase the volati…
Chapter 12 The theory of equalizing differences
Housing Investment in the United States
A supply-determined model of housing investment is estimated from quarterly data over the 1963-83 period. The model is built on dynamic marginal cost pricing considerations and allows short- and long-run supply elasticities to differ. These are estimated as 1.0 and 3.0, respectively, but most of the long-run response occurs within one year. Rapid adjustment speed and the sizable long-run elasticity of supply are important factors in understanding…
Introduction
Organizational Economics
Male-Female Wage Differentials in Job Ladders
Much of the male-female wage differential exists because men and women are assigned to different jobs. Within narrow job categories, there is no male-female differential. Only a tortured taste theory of discrimination can reconcile these facts. We argue that differential movement along job ladders entails comparative advantage, so the ability standard for promotion is higher for women. This implies that more able women will be passed over in favo…
Distinguished Fellow
Jacob Mincer has helped set the research agenda and professional style in labor economics for over 30 years. His research helped uncover the empirical content of human capital theory, where he used those ideas to study the determinants of earnings and the sources and nature of earnings inequality. He was also a pioneer in studying labor force participation decisions of married women. For the past decade, Jacob has set his characteristic stamp on …
George J. Stigler and the Industrial Organization of Economic Thought
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
Economics (26 obras) · Labour economics (11 obras) · Microeconomics (10 obras) · Mathematics (9 obras) · Business (7 obras) · Economic growth (7 obras) · Labor market dynamics and wage inequality (7 obras) · Political science (7 obras) · Fiscal Policy and Economic Growth (6 obras) · Sociology (6 obras)