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Francois, Patrick - C.E.P.R. Discussion Papers - 2005

Despite the potential for free-riding, workers motivated by ‘making a difference’ to the mission or output of an establishment may donate labour to it. When the establishment uses performance related compensation (PRC), these labour donations closely resemble a standard private provision of...

Persistent link: https://www.econbiz.de/10005792389

Does Labour Market Risk Increase the Size of the Public Sector? Evidence from Swedish Municipalities

Vlachos, Jonas - C.E.P.R. Discussion Papers - 2005

It has been argued that the public sector is an insurance against otherwise uninsurable risks. If that is the case, it is reasonable to expect the public sector to be larger in regions where the private labour-market is risky. Using data from Swedish municipalities, this paper reports that...

Persistent link: https://www.econbiz.de/10005661977

Making A Difference

Francois, Patrick - C.E.P.R. Discussion Papers - 2005

Despite the potential for free-riding, workers motivated by `making a difference' to the mission or output of an establishment may donate labour to it. When the establishment uses performance related compensation (PRC), these labour donations closely resemble a standard private provision of...

Persistent link: https://www.econbiz.de/10005662127

Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10005011855

Ideologues: Explaining Partisanship and Persistence in Politics (and Elsewhere)

Buehler, Benno; Kessler, Anke - C.E.P.R. Discussion Papers - 2010

candidates and available policy alternatives. We show that both sides may be caught in an ideology trap: because voters expect … the perceived ideology of office holders to determine their political actions, politicians are tempted to act according to … their perceived ideology, resulting in political failure. …

Persistent link: https://www.econbiz.de/10008468503

Ideology

Bénabou, Roland - C.E.P.R. Discussion Papers - 2008

remain obstinately blind to them, embracing a statist ideology and voting for an excessively large government. Conversely, an …-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to …

Persistent link: https://www.econbiz.de/10005662410

What Do State-Owned Firms Maximize? Evidence from the Italian Banks

Sapienza, Paola - C.E.P.R. Discussion Papers - 2002

This Paper studies the objective function of state-owned banks. Using information on individual loan contracts, I compare the interest rate charged to two sets of companies with identical characteristics borrowing respectively from state-owned and privately owned banks. State-owned banks charge...

Persistent link: https://www.econbiz.de/10005788914

The High Unemployment Trap

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

Persistent link: https://www.econbiz.de/10005791589

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

Foreign Direct Investment and Spillovers through Workers' Mobility

Fosfuri, Andrea; Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 1999

We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign...

Persistent link: https://www.econbiz.de/10005124087

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