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Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory
Ross, Stephen L.; Zenou, Yves - C.E.P.R. Discussion Papers - 2008
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005662249
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Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory
Ross, Stephen L.; Zenou, Yves - C.E.P.R. Discussion Papers - 2007
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005788928
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Employment and Distributional Effects of Restricting Working Time
Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...
Persistent link: https://www.econbiz.de/10005067610
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Hobbies, Skills and Incentives to Work: The Happy Gardener and the Wealthy Golfer
Sällström, Susanna - C.E.P.R. Discussion Papers - 2007
goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent …
Persistent link: https://www.econbiz.de/10005504741
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On the Taxation of Human and Physical Capital in Models of Endogenous Growth
Milesi-Ferretti, Gian Maria; Roubini, Nouriel - C.E.P.R. Discussion Papers - 1996
endogenous growth. It examines in particular how these effects depend on the specification of the leisure activity and on the …
Persistent link: https://www.econbiz.de/10005114284
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Europe's 'New' Stock Markets
Bottazzi, Laura; Da Rin, Marco - C.E.P.R. Discussion Papers - 2002
The creation of Europe’s ‘new’ stock markets represents a major experiment in market design with important implications for the ability to support innovative, fast-growing companies. We evaluate the success of these markets based on a large number of measures of firm performance and...
Persistent link: https://www.econbiz.de/10005123860