WorldCat Identities

Ashenfelter, Orley 1942-

Overview
Works: 276 works in 1,083 publications in 3 languages and 8,500 library holdings
Genres: Conference proceedings  Handbooks, manuals, etc 
Roles: Author, Editor, Compiler, Honoree, Speaker, Other
Classifications: HD4802, 331
Publication Timeline
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Most widely held works by Orley Ashenfelter
Handbook of labor economics by Orley Ashenfelter( Book )
148 editions published between 1984 and 2011 in English and Spanish and held by 1,771 WorldCat member libraries worldwide
What new tools and models are enriching labor economics? "Developments in Research Methods and their Application" (volume 4A) summarizes recent advances in the ways economists study€wages, employment, and labor markets.€ Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models.€ The combinations of these improved empirical findings with new models€reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses
Discrimination in labor markets by Princeton University Conference on Discrimination in Labor Markets( Book )
11 editions published in 1973 in English and Undetermined and held by 762 WorldCat member libraries worldwide
"Sponsored by the Industrial Relations Section and the Woodrow Wilson School of Public and International Affairs."
Labor and the national economy by William G Bowen( Book )
7 editions published between 1965 and 1975 in English and held by 355 WorldCat member libraries worldwide
Evaluating the labor-market effects of social programs by Conference on the Evaluation of the Labor-Market Effects of Social Programs( Book )
10 editions published in 1976 in English and held by 339 WorldCat member libraries worldwide
Essays in labor market analysis : in memory of Yochanan Peter Comay ( Book )
7 editions published in 1977 in English and held by 319 WorldCat member libraries worldwide
Statistics and econometrics : methods and applications by Orley Ashenfelter( Book )
14 editions published between 2002 and 2006 in English and held by 231 WorldCat member libraries worldwide
Labor economics ( Book )
24 editions published between 1995 and 1999 in English and held by 205 WorldCat member libraries worldwide
Identifying the firm-specific cost pass-through rate by Orley Ashenfelter( )
3 editions published in 1998 in English and held by 186 WorldCat member libraries worldwide
Handbook of labor economics by Orley Ashenfelter( Book )
26 editions published between 1986 and 2008 in English and held by 163 WorldCat member libraries worldwide
The Handbook brings together a systematic review of the research topics, empirical findings, and methods that comprise modern labor economics. It serves as an introduction to what has been done in this field, while at the same time indicating possible future trends which will be important in both spheres of public and private decision-making. Part 1 is concerned with the classic topics of labor supply and demand, the size and nature of the elasticities between the two, and their impact on the wage structure. This analysis touches on two fundamental questions: what are the sources of income inequality, and what are the disincentive effects of attempts to produce a more equal income distribution? The papers in Part II proceed from the common observation that the dissimilarity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labor markets. And the last section of the Handbook deals explicitly with the role of institutional structures (e.g. trade unions) that now form an important part of modern labor economics
Using mandated speed limits to measure the value of a statistical life by Orley Ashenfelter( Book )
19 editions published between 2002 and 2004 in English and held by 121 WorldCat member libraries worldwide
Abstract: In 1987 the federal government permitted states to raise the speed limit on their rural interstate roads, but not on their urban interstate roads, from 55 mph to 65 mph for the first time in over a decade. Since the states that adopted the higher speed limit must have valued the travel hours they saved more than the fatalities incurred, this experiment provides a way to estimate an upper bound on the public's willingness to trade off wealth for a change in the probability of death. We find that the 65 mph limit increased speeds by approximately 3.5% (i.e., 2 mph), and increased fatality rates by roughly 35%. In the 21 states that raised the speed limit and for whom we have complete data, the estimates suggest that about 125,000 hours were saved per lost life. Valuing the time saved at the average hourly wage implies that adopting states were willing to accept risks that resulted in a savings of $1.54 million (1997$) per fatality, with a sampling error that might be around one-third this value. Since this estimate is an upper bound of the value of a statistical life (VSL), we set out a simple structural model that is identified by variability across the states in the probability of the adoption of increased speed limits to recover the VSL. The impirical implementation of this model produces estimates of the VSL that are generally smaller that $1.54 million, but these estimates are very imprecise
Handbook of labor economics ( Book )
19 editions published between 1999 and 2008 in English and held by 120 WorldCat member libraries worldwide
The Economics of training ( Book )
7 editions published in 1996 in English and held by 120 WorldCat member libraries worldwide
How convincing is the evidence linking education and income? by Orley Ashenfelter( Book )
22 editions published between 1991 and 1994 in English and held by 117 WorldCat member libraries worldwide
Recent research has studied the link between schooling and income. Evidence indicates the strong relationship found between level of education and lifetime earnings levels. Labor economists have designed studies and measured educational outcomes to differentiate between earnings associated with innate ability and earnings associated with investments in education. A series of studies to control ability using intrafamily measures, including surveys of fathers, sons, brothers, and twins attending an annual convention of twins, helps to identify the relatively robust finding that returns to education average around 10 percent. Other "natural" experiments using time of year of birth and compulsory school attendance laws and draft lottery numbers from the Vietnam War era also shed light on the magnitude of educational effects and support the 10 percent figure. (Appendixes include eight footnotes and three figures.) (YLB)
Lawyers as agents of the devil in a prisoner's dilemma game by Orley Ashenfelter( Book )
18 editions published between 1990 and 2013 in English and held by 111 WorldCat member libraries worldwide
Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility of being exploited. The paper first shows how it is possible to test for the presence of such an incentive structure in a typical dispute resolution system. It then reports estimates of the incentives for the parties to obtain legal representation in wage disputes that were settled by final-offer arbitration in New Jersey. The paper also reports briefly on similar studies of data from discharge grievances, court-annexed disputes in Pittsburgh, and child custody disputes in California. In each case, the data provide evidence that the parties face strong individual incentives to obtain legal representation which makes the parties jointly worse off. Using our New Jersey data, we find that expert agents may well have played a productive role in moderating the biases of their clients, but only early on in the history of the system. Over time, the parties slowly evolved to a non-cooperative equilibrium where the use of lawyers becomes nearly universal, despite the fact that agreeing not to hire lawyers is cheaper and does not appear to alter arbitration outcomes
Estimating the value of a statistical life : the importance of omitted variables and publication bias by Orley Ashenfelter( Book )
16 editions published in 2004 in English and German and held by 109 WorldCat member libraries worldwide
"In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of monetary trade-offs regarding safety in other contexts"--National Bureau of Economic Research web site
Do unemployment insurance recipients actively seek work? : randomized trials in four U.S. states by Orley Ashenfelter( Book )
15 editions published between 1998 and 1999 in English and held by 107 WorldCat member libraries worldwide
Abstract: In the last two decades, U.S. policies have moved from the use of incentives to the use of sanctions to promote work effort in social programs. Surprisingly, except for anecdotes, there is very little systematic evidence of the extent to which sanctions applied to the abusive use of social entitlements result in greater work effort. In this paper we report the results of randomized trials designed to measure whether stricter enforcement and verification of work search behavior alone decreases unemployment (UI) claims and benefits. These experiments were designed to explicitly test claims based on non-experimental data failure of claimants to actively seek work. Our results provide no support for the view that the failure to actively seek work has been a cause of overpayment in the UI system
Income, schooling, and ability : evidence from a new sample of identical twins by Orley Ashenfelter( Book )
17 editions published between 1996 and 1998 in English and held by 100 WorldCat member libraries worldwide
Abstract: We develop a model of optimal schooling investments and estimate it using new data on approximately 700 identical twins. We estimate an average return to schooling of 9 percent for identical twins, but estimated returns appear to be slightly higher for less able individuals. Simple cross-section estimates are marginally upward biased. These empirical results imply that more able individuals attain more schooling because they face lower marginal costs of schooling, not because of higher marginal benefits
A review of estimates of the schooling/earnings relationship with tests for publication bias by Orley Ashenfelter( Book )
21 editions published between 1999 and 2000 in English and held by 99 WorldCat member libraries worldwide
Abstract: In this paper we provide an analytical review of previous estimates of the rate of return on schooling investments and measure how these estimates vary by country, over time, and by estimation method. We find evidence reporting (or file drawer') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are much smaller than is sometimes reported, although some are statistically significant. We also find that estimated returns are higher in the U.S. and they have increased in the last two decades
Art auctions : a survey of empirical studies by Orley Ashenfelter( Book )
19 editions published in 2002 in English and held by 95 WorldCat member libraries worldwide
Abstract: This paper contains a review of the burgeoning research that has been designed to shed light on how the art auction system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets appear to be little different from returns on other assets. In addition, some researchers have found that because of the weak correlation between art asset returns with other returns, there may be a case for the inclusion of art assets in a diversified portfolio. Second, we find evidence of several anomalies in art market pricing. The evidence clearly suggests that, contrary to the view of the art trade, 'masterpieces' underperform the market. In addition, there is considerable evidence that there are fairly long periods in which art prices may diverge across geographic areas and even auction houses. Third, we review the public record of the criminal trial of Sotheby's former Chairman, who was accused of price fixing, to show how the collusion with Christie's, the other great public auction house, was actually engineered. Contrary to the way the proceeds from the settlement of the civil suit in this case were distributed, we show that buyers were almost certainly not injured by the collusion, but that sellers were. In addition, based on the public record of settlement, it appears that the plaintiffs in the civil suit were very handsomely repaid for their injury. Finally, we review the extensive research on the effects of the auction institution on price formation. There is now considerable theoretical research on strategic behavior in auctions, much of it in response to empirical findings, and we review three key findings. First, the evidence suggests that art experts provide extremely accurate predictions of market prices, but that these predictions do not optimally process the publicly available information. Second, high reserve prices, and the resulting high unsold ('buy-in') rates are best explained as optimal search in the face of stochastic demand. Third, extensive research has documented that the prices of identical objects are more likely to decline than to increase when multiple units are sold, and this has led to considerable theoretical research. Subsequent empirical research has tended to document declining demand prices even when the objects are imperfect substitutes
Schooling, intelligence, and income in America : cracks in the bell curve by Orley Ashenfelter( Book )
12 editions published between 1998 and 1999 in English and held by 93 WorldCat member libraries worldwide
Abstract: One of the best documented relationships in economics is the link between education and income: higher educated people have higher incomes. Advocates argue that education provides skills, or human capital, that raises an individual's productivity. Critics argue that the documented relationship is not causal. Education does not generate higher incomes; instead, individuals with higher ability receive more education and more income. This essay reviews the evidence on the relationship between education and income. We focus on recent studies that have attempted to determine the causal effect of education on income by either comparing income and education differences within families or using exogenous determinants of schooling in what are sometimes called natural experiments.' In addition, we assess the potential for education to reduce income disparities by presenting evidence on the return to education for people of differing family backgrounds and measured ability. The results of all these studies are surprisingly consistent: they indicate that the return to schooling is not caused by an omitted correlation between ability and schooling. Moreover, we find no evidence that the return to schooling differs significantly by family background or by the measured ability of the student
 
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Alternative Names
Ashenfelter, O. 1942-
Ashenfelter, Orley.
Ashenfelter, Orley 1942-
Ashenfelter, Orley C.
Ashenfelter, Orley C. 1942-
Ashenfelter , Orley Clark
Ashenfelter, Orley Clark 1942-
Languages
English (426)
Spanish (6)
German (1)
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