Incentives in Professional Tennis: Tournament Theory and Intangible Factors
By Steven Seidel and Joshua Silverman This paper analyzes the incentives of professional tennis players in a tournament setting, as a proxy for workers in a firm. Previous studies have asserted that workers exert more effort when monetary incentives are increased, and that effort is maximized when marginal pay dispersion varies directly with position in […]
The Marital Wage Premium in the Twenty-First Century: Do married men earn a higher wage rate, and if so, why?
By Hans F. Kist and Yanqi (Halley) Hu Married men have historically earned higher wages than single men. One of the most prominent explanations for this phenomenon is the theory of intra-household specialization. However, the marriage premium was found to be decreasing up until the early 90’s. In our paper, we have re-examined the wage […]
