Tenure Profiles and Efficient Separation in a Stochastic Productivity Model

This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages and the distribution of tenures. We develop a theoretical model based on efficient bargaining, where both log outside wage and log wage in the current job follow a random walk, as found empirically. This setting allows the application of real option theory. We derive the efficient separation rule. The model fits the observed distribution of job tenures well. Since we observe outside wages only at job start and job separation, our empirical analysis of within job wage growth is based on expected wage growth conditional on the outside wages at both dates. Our modelling allows testing of the efficient bargaining hypothesis. The model is estimated on the PSID.random productivity growth, efficient bargaining, job tenure, inverse gaussian, wage-tenure profiles, option theory

A Social Network Analysis of Occupational Segregation

We develop a social network model of occupational segregation between different social groups, generated by the existence of positive inbreeding bias among individuals from the same group. If network referrals are important in getting a job, then expected inbreeding bias in the contact network structure induces different career choices for individuals from different social groups. This further translates into stable occupational segregation equilibria in the labour market. We derive the conditions for persistent wage and unemployment inequality in the segregation equilibria. Our framework is proposed as complementary to existing theories used to explain labour market inequalities between groups divided by race, ethnicity or genderSocial Networks; Inbreeding Bias; Occupational Segregation; Labour Market Inequality

Practice Makes Perfect: Reasonable Accommodation of Law Students with Disabilities in Clinical Placements

Clinical legal education provides exceptional benefits to law students.\u27 It is one of the best ways that law students can begin to: (1) identify which type of law they wish to practice, (2) make connections in the legal field to foster future employment opportunities, (3) develop mentoring relationships, (4) learn many important skills, and (5) learn professional responsibility and competence. These benefits directly translate into increased opportunities for successful employment upon graduation

Confidential Settlements for Professional Malpractice

(Excerpt) A lawyer representing a plaintiff in a professional malpractice case advises her client not to file a complaint with the state regulatory body—the state bar, the medical board, or some other pertinent body—until later. The lawyer explains that she can offer to settle the case more favorably, more quickly, and at lower cost if they promise that, as part of the settlement, defendant’s malfeasance will never be reported to the state regulatory body responsible for ensuring professional competence in the area. This tactic may allow the client to negotiate a larger settlement because the defendant should be willing to pay more to avoid having to defend himself in an administrative, criminal, or disciplinary proceeding. Although the lawyer’s present client may benefit, failing to report professional malfeasance may hurt both future clients and the public at large. Professional regulatory agencies exist to protect the public from substandard professional services. Advising a client to withhold relevant information from such agencies for personal gain—both the client’s and the lawyer’s—raises serious public policy issues. The dangers of confidentiality provisions have been explored in other contexts, particularly in products liability and sexual harassment cases. This Article explores similar problems in the context of professional malpractice. Much of the discussion here will focus on legal malpractice; however, similar concerns and arguments apply to other professionals as well

Towards a Parent-Inclusive Attorney-Client Privilege

Few state or federal courts recognize a parent-childtestimonial or communication privilege. Yet, courtsrecognize privileges between spouses, clergy-penitent,and therapist-patient. Supported by the Wigmore testthat legitimized these privileges, this paper argues thatthe attorney-client privilege should still exist even if (1)a client’s parent is included in an attorney-clientmeeting in an advisory capacity; (2) the child disclosescontents of the attorney-client communications to thechild’s parent; or (3) the child discusses the contents ofthe attorney-client communications with the child’sparent