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Blumkin, Tomer (contributor); Tsadḳah, Efrayim (contributor) - 2005

We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate earning ability, thereby mitigating the...

Persistent link: https://www.econbiz.de/10002756339

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10010278021

The insider-outsider theory: a survey

Lindbeck, Assar; Snower, Dennis J. - 2002

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory, and evaluating salient contributions to the literature in the light of this vision. We also indicate what appear to have been dead-ends and red herrings in past research. The...

Persistent link: https://www.econbiz.de/10010292491

The signaling role of charitable contributions by business : a tax policy perspective

Blumḳin, Tomer; Margaliyot, Yoram; Tsadḳah, Efrayim; … - 2016

Empirical evidence suggests that charitable contributions to public goods may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that characterizes the...

Persistent link: https://www.econbiz.de/10011541311

Charitable contributions by businesses : a tax policy perspective

Blumḳin, Tomer; Margaliyot, Yoram; Tsadḳah, Efrayim; … - 2019

Empirical evidence suggests that charitable contributions to public goods by businesses may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that...

Persistent link: https://www.econbiz.de/10012103589

Matching for risk-taking : overconfident bankers and government-protected banks

Haufler, Andreas; Kassner, Bernhard - 2024

that have different degrees of overconfidence. The channel through which the matching occurs is the share of bonus payments … to an assortative matching between overconfident managers and banks with a larger bailout probability. We then test the …

Persistent link: https://www.econbiz.de/10015065269

A theory of wage adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new theory of wage adjustment, based on worker loss aversion. In line with prospect theory, the workers' perceived utility losses from wage decreases are weighted more heavily than the perceived utility gains from wage increases of equal magnitude. Wage changes are evaluated...

Persistent link: https://www.econbiz.de/10010465159

From unemployment benefits to unemployment accounts

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to...

Persistent link: https://www.econbiz.de/10010265555

Incapacity benefits and employment policy

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of...

Persistent link: https://www.econbiz.de/10010265558

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10010276419

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