• The Costs of Bankruptcy

    The Costs of Bankruptcy

    Jiaping Qiu

    When a corporation declares bankruptcy, employee’s wages decrease significantly. This potential loss in earnings is significant enough that firms with a high risk of bankruptcy must pay their employees a higher wage to compensate them for the risky...

  • Why Has the Gender Wage Gap Narrowed?

    Why Has the Gender Wage Gap Narrowed?

    Shintaro Yamaguchi

    The decreased use of motor skills and the increased use of cognitive skills in the workplace help explain the narrowing wage gap between men and women from 1979-1996.