George R. Neumann

TL;DR: This paper analyzed the Iowa Political Stock Market and found that the market worked extremely well, dominating opinion polls in forecasting the outcome of the 1988 presidential election, even though traders in the market exhibited substantial amounts of judgment biases.

TL;DR: The ability of groups of people to make predictions is a potent research tool that should be freed of unnecessary government restrictions.

TL;DR: In this paper, an empirically tractable version of a job search model is presented, using data on a sample of workers who were laid off when their plants closed and a generalization of the empirical model which allows for reservation wages to change over duration of unemployment is provided and estimated.

TL;DR: In this paper, the authors argue that education per se does not measure skill adequately, and suggest an alternative measure based on the observed skill characteristics of the job, and analyze the return to various dimensions of skill, including formal education.

TL;DR: In this article, an on-the-job search model of job separations is presented, where each employer pays observably equivalent workers the same but wages are dispersed across employers, and an employer's separation flow is the sum of an exogenous outflow unrelated to the wage and a job to job flow that decreases with the employer's wage.