Federal abrogation of the age-based mandatory retirement provisions in existing academic tenure contracts calls for a review of tenure and salary policies. Here two alternative explanations for the institution of tenure are examined. Then five alternative policy responses that might be adopted by university administrations are described and analyzed. The proposal favored by the author consists ...

The views expressed herein can in no way be taken to reflect the official opinion of the European Union, and do not necessarily reflect the views of the OECD and its Member countries or of the beneficiary

The official data in relation to salaries paid in Spain from 1999 to 2014 has been analyzed. The inadequate data format does not reflect the whole salary distribution. Fréchet distributions have been fitted to the data. This simple distribution has similar accuracy in relation to the data when compared to other distributions (Log-Normal, Gamma, Dagum, GB2). Analysis of the data through the fitt...

We develop an optimal asset allocatlon model for the accumulation phase of a definedcontribution pension plan in the presence of non-hedgeable salary risk. The model considers a policyholder who each penod, r. contributes a constant proportlon. rc. of his salary, S(I), to a personal pension fund, W(r). At the time of retirement, T. the fund IS converted into an annuity paying W( T)/cr( T) each ...

To compare different schemes for preserving privacy, it is important to be able to gauge loss of privacy. Since loss of privacy means that we gain new information about a person, it seems natural to measure theloss of privacy by the amount of information that we gained. However, this seemingly natural definition is not perfect: when we originally knowthat a person’s salary is between $1...

Labor Market Assimilation and the Self-Employment Decision of Immigrant Entrepreneurs This paper uses data from the 1980 and 1990 U.S. Censuses to study labor market assimilation of self-employed immigrants. Separate earnings functions for the self-employed and wage/salary workers are estimated. To control for endogenous sorting into the sectors, models of the self-employment decision are estim...

We present simulation results for the likely pension outcomes for different defined-contribution (DC) pension plan members distinguished by occupation and gender. While our results suggest that key differences between outcomes depend on the strategic asset allocation strategy chosen (and hence on the rate of return on assets in relation to the growth rate in salaries), we also find that DC plan...

This paper examines the distribution of teachers across schools and districts and the distribution of teacher salaries across districts both in New York State and nationally. It finds that much of the variation in teacher qualifications across schools is within districts. Salary schedules do not vary within districts. Thus, current salary differences are neither driving nor alleviating many of ...