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Full-Text Articles in Social and Behavioral Sciences
I'M Retiring ... Well, Sort Of, Kevin F. Hallock
I'M Retiring ... Well, Sort Of, Kevin F. Hallock
Economics Faculty Publications
I’m 45 years old and I’m retiring ... from writing regular columns for workspan. And that has me thinking about retirement and incentives as part of a total rewards system.
Costly Distribution And The Non-Equivalence Of Tariffs And Quotas, James Lake, Maia K. Linask
Costly Distribution And The Non-Equivalence Of Tariffs And Quotas, James Lake, Maia K. Linask
Economics Faculty Publications
When governments impose a quota or tariff on imports, it is well known that the resulting rents and revenues trigger costly rent-seeking and revenue-seeking activities, which are welfare-reducing and may be economically more significant than the efficiency losses resulting from the protectionist-induced resource misallocation. Repeated interaction among firms can eliminate wasteful rent- and revenue-seeking expenditures through cooperation. We show that while aggregate outcomes are equivalent under tariffs and quotas if cooperation arises, the conditions under which cooperation arises differ by policy. This difference arises because a firm must incur additional cost to physically import and distribute the goods associated with …
Quotas On Boards And The Gender Gap, Kevin F. Hallock
Quotas On Boards And The Gender Gap, Kevin F. Hallock
Economics Faculty Publications
Back in the late 1990s, Marianne Bertrand and the author examined the pay gap between male and female executives listed in the proxy statements of publicly traded US firms from 1992 in 1997, which they later published in the October 2011 edition of Industrial and Labor Relations Review. They found that, taken as a whole, women in these top five positions earned about 45% less than men in these positions. At the same time, they found that as much as 75% of this gap could be explained by the fact that women managed smaller companies, and were less likely to …