This paper uses exceptionally rich data on Swedish corporate executives and their personal characteristics to study gender gaps in CEO appointments and pay. Both gaps are sizeable: 18% for CEO appointments and 27% for pay. At most one-eight of the gaps can be attributed to observable gender differences in executives’ and their firms’ characteristics. Further tests suggest that unobservable gend...

Does Equal Pay Legislation Reduce Labour Market Inequality? This paper considers a labour market model of monopsonistic competition with taste-based discrimination against minority workers to study the effect of equal pay legislation on labour market inequality. When the taste for discrimination is small or competition is weak, the policy removes job segregation and the wage gap completely. How...

This report deals with two questions concerning the emergence of cooperative strategies in repeated games. The first part is concerned with the Perfect Folk Theorem and presents a vast class of equilibrium solutions based on Markovian strategies. Simple strategies, called equalizers, are introduced and discussed: if players adopt such strategies, the same payoff results for every opponent. The ...

Few issues regarding skilled nursing facilities are as controversial pre-dispute, binding arbitration agreements. Moreover, even fewer have been litigated much The Federal Arbitration Act (FAA), enacted by Congress almost a century ago in 1925, facilitates dispute resolution having neutral and objective third party render decision on the disputed issue that “shall be valid, irrevocable, enforce...