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Ngai, Liwa Rachel; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2005

We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...

Persistent link: https://www.econbiz.de/10005124281

Gender Gaps and the Rise of the Service Economy

Ngai, Liwa Rachel; Petrongolo, Barbara - C.E.P.R. Discussion Papers - 2014

rise of services, driven by structural transformation and marketization of home production, acts as a gender-biased demand …

Persistent link: https://www.econbiz.de/10011084618

Leniency Policies and Illegal Transactions

Buccirossi, Paolo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005

properly designed - leniency may simultaneously provide an effective governance mechanism for occasional sequential illegal …

Persistent link: https://www.econbiz.de/10005124229

Globalization and Cooperative Relations

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2002

reciprocal exchange to lifetime employment, from relational governance to corruption/collusion. We study how agents …

Persistent link: https://www.econbiz.de/10005136656

Pension Fund Governance and the Choice Between Defined Benefit and Defined Contribution Plans

Besley, Timothy J.; Prat, Andrea - C.E.P.R. Discussion Papers - 2003

Recent events in several countries have underscored the importance of good governance in private occupational pension …. Under complete contracting, governance can be shown to be neutral: DC and DB plans differ only on risk allocation. If …

Persistent link: https://www.econbiz.de/10005497828

Contracts as Threats: on a Rationale For Rewarding A while Hoping For B

Iossa, Elisabetta; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2011

Contracts often reward inefficient tasks and are not enforced ex post. We provide a new explanation based on the relationship between explicit contracts and implicit agreements, distinguishing the ex-ante decision to sign a contract from the ex-post decision whether to apply it. We show that it...

Persistent link: https://www.econbiz.de/10008854495

Governing the Governors: A Clinical Study of Central Banks

Frisell, Lars; Roszbach, Kasper F.; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2008

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …

Persistent link: https://www.econbiz.de/10005656403