John Kennan
This is a list of stuff you would like to have read by the end of this semester. You will not read it all (I have not read it all). If in doubt, read less, more carefully. Asterisks are used to mark things that seem important, but this is just a rough guide. You should not infer that papers not listed are not worth reading: lists like this are subjective, and sometimes just whimsical.
1. Ashenfelter, Orley and James J. Heckman, "The Estimation of Income and Substitution Effects in a Model of Family Labor Supply", Econometrica, 42, January 1974, 73-85.
R* 2. Ashenfelter, Orley and Mark W. Plant, "Nonparametric Estimates of the Labor Supply Effects of Negative Income Tax Programs," Journal of Labor Economics 8, January 1990 (part 2), S396-S415.
R* 3. Browning, Martin, Angus Deaton and Margaret Irish: "A Profitable Approach to Labor Supply and Commodity Demands Over the Life-Cycle." Econometrica, 53(3), May 1985, 503-543.
R* 4. Deaton, Angus and John Muellbauer, Economics and Consumer Behavior, Cambridge University Press, 1980.
5. Killingsworth, Mark. R. and James J. Heckman, "Female Labor Supply: A Survey," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
R* 6. Pencavel, John, "Labor Supply of Men: A Survey," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
7. Pischke, Jörn-Steffen, "Individual Income, Incomplete Information, and Aggregate Consumption," Econometrica, 63 (4), July 1995, 805-840.
8. Card, David and Alan B. Krueger, Myth and Measurement: The New Economics of the Minimum Wage. Princeton: Princeton University Press, 1995.
9. Hamermesh, Daniel S. Labor Demand. Princeton: Princeton University Press, 1993.
R 10. Hicks, J.R.: The Theory of Wages. London: Macmillan, 1932.
11. Kennan, John, "The Elusive Effects of Minimum Wages," Journal of Economic Literature, December 1995.
R 12. Sargent, Thomas J.: "Estimation of Dynamic Labor Demand Schedules Under Rational Expectations," in Lucas, Robert E. Jr., and Thomas J. Sargent, eds.: Rational Expectations and Econometric Practice, Minneapolis: The University of Minnesota Press, 1981.
13. Bowlus, Audra J., "Matching Workers and Jobs: Cyclical Fluctuations in Match Quality," Journal of Labor Economics 13 (2), April 1995, 335-350.
14. Davis, Steven J. and John Haltiwanger, "Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications, in Olivier Jean Blanchard and Stanley Fischer, eds., NBER Macroeconomics Annual 1990, MIT Press.
15. Eckstein, Zvi and Kenneth I. Wolpin, "Duration to First Job and the Return to Schooling: Estimates from a Search-Matching Model," Review of Economic Studies 62 (2), April 1995, 263-286.
16. Farber, Henry S. and Robert Gibbons, "Learning and Wage Dynamics," Working Paper #328, Industrial Relations Section, Princeton University, May 1994.
R* 17. Friedman, Milton, "The Supply of Factors of Production," chapter 11 in Milton Friedman, Price Theory, Chicago: Aldine, 1962.
18. Kennan, John, "An Econometric Analysis of Fluctuations in Aggregate Labor Supply and Demand," Econometrica, 56(2), March 1988, 317-333.
19. Kimball, Miles S., "Labor-Market Dynamics When Employment is a Worker Discipline Device," American Economic Review, 84(4), September 1994, 1045-1059.
20. Mortensen, Dale T. and Christopher A. Pissarides, "Job Creation and Job Destruction in the Theory of Unemployment," Review of Economic Studies 61(3), July 1994, 397-415.
21. Prendergast, Canice J., "A Theory of Responsibility in Organizations," Journal of Labor Economics, 13(3), July 1995, 387-400.
22. Rosen, Sherwin, "Hedonic Prices and Implicit Markets", Journal of Political Economy 82 (1), January-Februaru 1974, 34-55.
R 23. Rosen, Sherwin: "The Theory of Equalizing Differences," Handbook of Labor Economics. New York: North-Holland, 1986.
24. Roy, A. D. "Some Thoughts on the Distribution of Earnings," Oxford Economic Papers (New Series) 3, June 1951, 135-146.
R* 25. Shapiro, Carl and Joseph E. Stiglitz, "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, 74, (June 1984), 433-444.
* 26. Smith, Adam. The Wealth of Nations. New York: The Modern Library 1937 (originally published 1776). Chapter X, Of Wages and Profit in the Different Employments of Labour and Stock, pages 99-143.
* 27. Willis, Robert J. and Sherwin Rosen, "Education and Self Selection," JPE 87, no. 5, pt. 2 (1979), S7-S36.
28. Ashenfelter, Orley and Alan Krueger, "Estimates of the Economic Return to Schooling from a New Sample of Twins, American Economic Review, 84(5), December 1994, 1157-1173.
R* 29. Bound, John and George Johnson, "Changes in the Structure of Wages in the 1980's: An Evaluation of Alternative Explanations," American Economic Review, 82, June 1992, 371-392.
R* 30. Juhn, Chinhui, Kevin M. Murphy and Brooks Pierce, "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, 101 (3), June 1993, 410-442.
R* 31. Krueger, Alan B. and Lawrence H. Summers: "Efficiency Wages and the Inter-Industry Wage Structure," Econometrica, vol. 56, no. 2 (March 1988), 259-293.
R 32. Murphy, Kevin M. and Finis Welch, "Empirical Age-Earnings Profiles," Journal of Labor Economics, 8, April 1990, 202-229.
33. Murphy, Kevin M. and Finis Welch, "The Structure of Wages," Quarterly Journal of Economics, 107, February 1992, 285-326.
* 34. Coase, Ronald H., "Durability and Monopoly", Journal of Law and Economics, 1972, 15, 143-149.
35. Cramton, Peter C., "Strategic Delay in Bargaining with Two-Sided Uncertainty," Review of Economic Studies, 1992.
36. Gibbons, Robert, Game Theory for Applied Economists, Princeton: Princeton University Press, 1992.
* 37. Kennan, John and Robert Wilson, "Bargaining with Private Information," Journal of Economic Literature, March 1993.
38. Osborne, Martin J. and Ariel Rubinstein, Bargaining and Markets. San Diego: Academic Press, 1990.
39. Rubinstein, Ariel (1982), "Perfect Equilibrium in a Bargaining Model", Econometrica, 50: 97-110.
* 40. Abowd, John M., "Collective Bargaining and the Division of the Value of the Enterprise," American Economic Review, September 1989.
* 41. Ashenfelter, Orley and David E. Bloom: "Models of Arbitrator Behavior: Theory and Evidence," American Economic Review, 74, March 1984, 111-124.
* 42. Ashenfelter, Orley and George E. Johnson. "Bargaining Theory, Trade Unions and Industrial Strike Activity." American Economic Review, 59 (March 1969), 35-49.
43. Bloom, David E. and Christopher L. Cavanagh, "An Analysis of the Selection of Arbitrators," American Economic Review, 76 (June 1986), 408-422.
44. Card, David (1988), "Longitudinal Analysis of Strike Activity," Journal of Labor Economics, 6, 147-176.
R 45. Card, David, "Strikes and Bargaining: A Survey of the Recent Empirical Literature," American Economic Review, 80 (2), May 1990, 410-415.
* 46. Cramton, Peter C. and Tracy, Joseph S., "Strikes and Holdouts in Wage Bargaining: Theory and Data," American Economic Review, March 1992.
47. Farber, Henry S.: "The Analysis of Union Behavior," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
48. Farber, Henry S., and Max H. Bazerman, "Divergent Expectations as a Cause of Disagreement in Bargaining: Evidence from a Comparison of Arbitration Schemes," Quarterly Journal of Economics, February 1989, 104, 99-120.
R* 49. Gibbons, Robert, "Learning in Equilibrium Models of Arbitration," American Economic Review, December 1988, 78, pp. 896-912.
R* 50. Hart, Oliver (1989), "Bargaining and Strikes", Quarterly Journal of Economics, 104: 25-44.
51. Kennan, John, "The Economics of Strikes," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
R* 52. Kennan, John and Robert Wilson, "Strategic Bargaining Models and Interpretation of Strike Data," Journal of Applied Econometrics, December 1989 (Supplement), Vol. 4, S87-S130.
53. Lewis, H. Gregg, "Union Relative Wage Effects," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
* 54. Stevens, Carl M., "Is Compulsory Arbitration Compatible With Bargaining," Industrial Relations 5 (2), February 1966, 38-52.
55. Abowd, John M. and David E. Card: "Intertemporal Labor Supply and Long-Term Employment Contracts," American Economic Review, 77, March 1987, 50-68.
* 56. Beaudry, Paul and John DiNardo, "The Effect of Implicit Contracts on the Movement of Wages over the Business Cycle: Evidence from Micro Data," Journal of Political Economy, 99, No. 4, August 1991, 665-688.
* 57. Bils, Mark, "Testing for Contracting Effects on Employment," Quarterly Journal of Economics, 106, No. 4, November 1991, 1129-1156.
58. Card, David, "Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts," American Economic Review, 80, No. 4, September 1990, 669-688.
59. Kennan, John, "Bonding and the Enforcement of Labor Contracts," Economics Letters, 1979, 61-66.
60. Lazear, Edward P. and Sherwin Rosen, "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy 89(5), October 1981, 841-864.
61. McDonald, Ian M. and Robert M. Solow: "Wage Bargaining and Employment," American Economic Review 71 No. 5 (December 1981), 896-908.
62. MaCurdy, Thomas E. and John H. Pencavel, "Testing Between Competing Models of Wage and Employment Determination in Unionized Markets," Journal of Political Economy, June 1986, vol. 94, No. 3 (Part 2), S3-S39.
* 63. Rosen, Sherwin, "Implicit Contracts: A Survey," Journal of Economic Literature, XXIII (September 1985), 1144-1175.
Economics 750
John Kennan
1. Ashenfelter, Orley and Mark W. Plant, "Nonparametric Estimates of the Labor Supply Effects of Negative Income Tax Programs," Journal of Labor Economics 8, January 1990 (part 2), S396-S415.
2. Browning, Martin, Angus Deaton and Margaret Irish: "A Profitable Approach to Labor Supply and Commodity Demands Over the Life-Cycle." Econometrica, 53(3), May 1985, 503-543.
3. Deaton, Angus and John Muellbauer, Economics and Consumer Behavior, Cambridge University Press, 1980.
4. Pencavel, John, "Labor Supply of Men: A Survey," in Orley Ashenfelter and Richard Layard, eds., Handbook of Labor Economics, North-Holland, 1986.
5. Friedman, Milton, "The Supply of Factors of Production," chapter 11 in Milton Friedman, Price Theory, Chicago: Aldine, 1962.
6. Shapiro, Carl and Joseph E. Stiglitz, "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, 74, (June 1984), 433-444.
7. Smith, Adam. The Wealth of Nations. New York: The Modern Library 1937 (originally published 1776). Chapter X, Of Wages and Profit in the Different Employments of Labour and Stock, pages 99-143.
8. Bound, John and George Johnson, "Changes in the Structure of Wages in the 1980's: An Evaluation of Alternative Explanations," American Economic Review, 82, June 1992, 371-392.
9. Juhn, Chinhui, Kevin M. Murphy and Brooks Pierce, "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, 101 (3), June 1993, 410-442.
10. Krueger, Alan B. and Lawrence H. Summers: "Efficiency Wages and the Inter-Industry Wage Structure," Econometrica, vol. 56, no. 2 (March 1988), 259-293.
11. Coase, Ronald H., "Durability and Monopoly", Journal of Law and Economics, 1972, 15, 143-149.
12. Kennan, John and Robert Wilson, "Bargaining with Private Information," Journal of Economic Literature, March 1993.
13. Ochs, Jack, and Roth, Alvin E., "An Experimental Study of Sequential Bargaining," American Economic Review June 1989, 79(3), 355-384.
14. Abowd, John M., "Collective Bargaining and the Division of the Value of the Enterprise," American Economic Review, September 1989.
15. Ashenfelter, Orley and David E. Bloom: "Models of Arbitrator Behavior: Theory and Evidence," American Economic Review, 74, March 1984, 111-124.
16. Cramton, Peter C. and Tracy, Joseph S., "Strikes and Holdouts in Wage Bargaining: Theory and Data," American Economic Review, March 1992.
17. Hart, Oliver (1989), "Bargaining and Strikes", Quarterly Journal of Economics, 104: 25-44.
18. Kennan, John and Robert Wilson, "Strategic Bargaining Models and Interpretation of Strike Data," Journal of Applied Econometrics, December 1989 (Supplement), Vol. 4, S87-S130.
19. Gibbons, Robert, "Learning in Equilibrium Models of Arbitration," American Economic Review, December 1988, 78, pp. 896-912.
20. Stevens, Carl M., "Is Compulsory Arbitration Compatible With Bargaining," Industrial Relations 5 (2), February 1966, 38-52.
21. Beaudry, Paul and John DiNardo, "The Effect of Implicit Contracts on the Movement of Wages over the Business Cycle: Evidence from Micro Data," Journal of Political Economy, 99, No. 4, August 1991, 665-688.
22. Bils, Mark, "Testing for Contracting Effects on Employment," Quarterly Journal of Economics, 106, No. 4, November 1991, 1129-1156.
23. Rosen, Sherwin. "Implicit Contracts: A Survey," Journal of Economic Literature, XXIII (September 1985), 1144-1175.
Leftovers
* 24. Teulings, Coen N., "The Wage Distribution in a Model of the Assignment of Skills to Jobs," Journal of Political Economy 103, April 1995, 280-315.
25. Killingsworth, Mark. R., Labor Supply, Cambridge University Press, 1983.
26. Oi, Walter, "Labor as a Quasi-Fixed Factor of Production," Journal of Political Economy, 70, December 1962.
27. Heckman, James J. and Bo E. Honore, "The Empirical Content of the Roy Model," Econometrica, 58, September 1990, 1121-1149.
28. Katz, Lawrence F.: "Efficiency Wage Theories; A Partial Evaluation," in Stanley Fischer, ed., NBER Macroeconomics Annual 1986, MIT Press.
29. Forsythe, Robert, Kennan, John, and Sopher, Barry, "An Experimental Analysis of Strikes in Bargaining Games with One-Sided Private Information," American Economic Review 1991, 81, 253-278.
* 30. Ochs, Jack, and Roth, Alvin E., "An Experimental Study of Sequential Bargaining," American Economic Review June 1989, 79(3), 355-384.
31. Card, David, "Strikes and Wages: a Test of an Asymmetric Information model", Quarterly Journal of Economics, 105 (August 1990), 625-659.
* 32. Beaudry, Paul and Michel Poitevin, "Signalling and Renegotiation in Contractual Relationships," Econometrica, 61 (4), July 1993, 745-782.
33. Pencavel, John. Labor Markets under Trade Unionism: Employment, Wages, and Hours. Cambridge: Basil Blackwell, 1991.
34. Brown, James N., and Orley Ashenfelter: "Testing the Efficiency of Employment Contracts," Journal of Political Economy, June 1986, vol. 94, No. 3 (Part 2), S40 - S87.
35. Bils, Mark, "Wage and Employment Patterns in Long-Term Contracts," in Olivier Jean Blanchard and Stanley Fischer, eds., NBER Macroeconomics Annual 1990, MIT Press.
36. McCall, Brian P., "Interest Arbitration and the Incentive to Bargain," Journal of Conflict Resolution, March 1990, 34, 151-167.