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The Absorption of Highly-Skilled Immigrants: Israel, 1990-1995

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 1998

This paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and (iii) the...

Persistent link: https://www.econbiz.de/10005124392

Foreign Aid and Domestic Absorption

Temple, Jonathan; van de Sijpe, Nicolas - C.E.P.R. Discussion Papers - 2014

We introduce a new `supply-push' instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment,...

Persistent link: https://www.econbiz.de/10011084205

On the Wage Growth of Immigrants: Israel, 1990-2000

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 2003

This Paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and, (iii) the...

Persistent link: https://www.econbiz.de/10005661791

Specific Knowledge and Performance Measurement

Raith, Michael - C.E.P.R. Discussion Papers - 2004

This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge about the consequences of their actions for the principal. I study incentive contracts in which the agent’s compensation can be based on both ‘input’ measures closely...

Persistent link: https://www.econbiz.de/10005504471

Performance Measurement with Loss Aversion

Gemmill, Gordon T; Hwang, Soosung; Salmon, Mark - C.E.P.R. Discussion Papers - 2005

We examine a simple measure of portfolio performance based on prospect theory, which captures not only risk and return but also reflects differential aversion to upside and downside risk. The measure we propose is a ratio of gains to losses, with the gains and losses weighted (if desired) to...

Persistent link: https://www.econbiz.de/10005114253

A General Test of Gaming

Courty, Pascal; Marschke, Gerald - C.E.P.R. Discussion Papers - 2004

An important lesson from the incentive literature is that explicit incentives may elicit dysfunctional and unintended responses, also known as gaming responses. The existence of these responses, however, is difficult to demonstrate in practice because this behaviour is typically hidden from the...

Persistent link: https://www.econbiz.de/10005114434

Privatization and Quality: Evidence from Elderly Care in Sweden

Bergman, Mats; Johansson, Per; Lundberg, Sofia; … - C.E.P.R. Discussion Papers - 2014

Non-contractible quality dimensions are at risk of degradation when the provision of public services is privatized. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with increased competition. We assemble a large data set on...

Persistent link: https://www.econbiz.de/10011084097

Performance Measurement using Multiple Asset Class Portfolio Data

Blake, David; Lehmann, Bruce N; Timmermann, Allan G - C.E.P.R. Discussion Papers - 1997

Using a data set containing 364 UK pension funds’ asset holdings, this paper provides a systematic investigation of the performance of managed portfolios across multiple asset classes. We find surprisingly little cross-sectional variation in the ex-post average performance across the UK...

Persistent link: https://www.econbiz.de/10005666475

Curbing Cream-Skimming: Evidence on Enrolment Incentives

Courty, Pascal; Kim, Do Han; Marschke, Gerald - C.E.P.R. Discussion Papers - 2009

Using data from a large, U.S. federal job training program, we investigate whether enrolment incentives that exogenously vary the ‘shadow prices’ for serving different demographic subgroups of clients influence case workers’ intake decisions. We show that case workers enroll more clients...

Persistent link: https://www.econbiz.de/10005666832

Performance Pay, CEO Dismissal, and the Dual Role of Takeovers

Burkart, Mike; Raff, Konrad - C.E.P.R. Discussion Papers - 2012

We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … performance-based pay are non-monotonic in the intensity of the takeover threat. In firms with weak boards, turnover (performance …-based pay) increases (decreases) with the intensity of the takeover threat. When choosing its acquisition policy and the quality …

Persistent link: https://www.econbiz.de/10011083799