Selected by the Institute of Industrial Relations Liberary University of California at Berkeley

Catching the Wave: Workplace Reform in Australia. By John Mathews. Comparable Worth and Gender Discrimination: An International Perspective. By Morley Gunderson. Cooper Crucible: How the Arizona Miner's Strike of 1983 Recast Labor-Management Relations in America. By Jonathan D. Rosenblum. Cultural Diversity in the Workplace: Issues and Strategies. By George Henderson. The Employer's Legal Handbook. By Fred S. Steingold. The Future of Industrial Relations: Global Change and Challenges. By John Niland, Chrissie Verevis, and Russell D. Lansbury. Labor and Community: Mexican Citrus Worker Villages in a Southern California County, 1900–1950. By Gilbert G. Gonzalez. Labor Arbitration: An Annotated Bibliography. Edited by Charles J. Coleman and theodora T. Haynes. Labour's Dilemma: The Gender Politics of Auto Workers in Canada, 1937-79. By Pamela Sugiman. The Promise of Mediation: Responding to Conflict through Empowerment and Recognition. By Robert A. Baruch Bush and Joseph P. Folger. Ranbow at Midnight: Labor and Culture in the 1940s. By George Lipsitz. Success While Others Fail: Social Movement Unionism and the Public Workplace. By Paul Johnston. Trade Union Growth and Decline: An International Study. By Walter Galenson.     

Flattening of Bond Yield Curves for Long Maturities

The paper presents a theoretical proof that flattening of yield curves for par bonds is inevitable for long maturities. This proof implies that behavioral explanations of flattening are unnecessary. The proof also implies that the use of yields to maturity of couponbearing bonds to estimate the true term structure (as well as forward rates) for long maturities has potentially infinite bias, suggesting that a greater effort should be made to directly estimate the true term structure in empirical work.