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Industrial organization.
September 22, 1997... The NBER Program in Industrial Organization (IO), established in 1991, promotes applied economic research on a broad set of questions relating to firm behavior, the organization and operation of markets, and the economic analysis of government...
The evolution of retirement.
September 22, 1997... Not only are more men living past age 65 in America today than ever before, but American men also have been abandoning the labor force at ever younger ages. The retirement rate of American men over the age of 64 has risen rapidly from a mere 25...
Pricing, monetary policy, and aggregate fluctuations.
September 22, 1997... My Ph.D. thesis considered the extent to which firms' reluctance to change their posted prices contributes to business fluctuations and, in particular, makes monetary policy powerful in influencing aggregate output. Ever since, much of my...