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On the dynamic decision to participate in crime
Our research examines the decision to participate in crime using a dynamic model of individual choice under uncertainty. The motivation for studying this decision in a dynamic framework is twofold. First, it allows us to ...
Carrots and sticks: Enforceable effort and the minimum wage
Rent controls lead not only to a smaller market quantity of rental housing; they also result in a deterioration in the quality of available rental housing. A model of the labor market is presented in which the same kind ...
The economics of undocumented immigration: Mexican participation in the U.S. labor market
This study addresses the impact of Mexican illegal immigration on the U.S. labor market. It constitutes a first step towards developing rigorous structural econometric models that empirically analyze undocumented labor ...