For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents Include: Articles PAUL JOSKOW, NANCY ROSE, and ANDREA SHEPARD Regulatory Constraints on CEO Compensation HENRY S. FARBER The Incidence and Costs of Job Loss: 1982-91 JOHN E. CALFEE and CLIFFORD WINSTON The Consumer Welfare Effects of Liability for Pain and Suffering: An Exploratory Analysis BOYAN JOVANOVIC The Diversification of Production KENNETH FLAMM Semiconductory Dependency and Strategic Trade Policy JOHN BISHOP Improving Job Matches in the U.S. Labor Market