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Endogenous Monopsony and the Perverse Effect of the Minimum Wage in Small Firms
Danziger, Leif - CESifo - 2009
The minimum wage rate has been introduced in many countries as a means of alleviating the poverty of the working poor. This paper shows, however, that an imperfectly enforced minimum wage rate causes small firms to face an upward-sloping labor supply schedule. Since this turns these firms into...
Persistent link: https://www.econbiz.de/10005010148
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A Market for Connections
Miettinen, Topi; Poutvaara, Panu - CESifo - 2012
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10010548151
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Friends' Networks and Job Finding Rates
Cappellari, Lorenzo; Tatsiramos, Konstantinos - CESifo - 2010
evidence of higher wages and employment stability for those with more employed friends, which is consistent with networks …
Persistent link: https://www.econbiz.de/10008727296
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Employee Referral, Social Proximity and Worker Discipline: Theory and Evidence from India
Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - CESifo - 2013
We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...
Persistent link: https://www.econbiz.de/10010674452
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Complex Financial Networks and Systemic Risk: A Review
Bougheas, Spiros; Kirman, Alan P. - CESifo - 2014
In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is on studies that use network analysis paying...
Persistent link: https://www.econbiz.de/10010764284
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Coworker Networks in the Labour Market
Glitz, Albrecht - CESifo - 2013
This paper studies the effect of coworker-based networks on individual labour market outcomes. I analyse how the … these networks that is due to the occurrence of mass-layoffs in the establishments of former coworkers. The empirical …
Persistent link: https://www.econbiz.de/10010660137
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Economic Nationalism and Economic Integration: The Austro-Hungarian Empire in the Late Nineteenth Century
Schulze, Max-Stephan; Wolf, Nikolaus - CESifo - 2009
integration along ethno-linguistic lines was driven by the formation of ethno-linguistic networks. Finally, the analysis shows …
Persistent link: https://www.econbiz.de/10008572582
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Directed Generosity and Network Formation: Network Dimension Matters
D'Exelle, Ben; Riedl, Arno - CESifo - 2010
generosity with a sequence of dictator games conducted in the field. We find that networks of different dimensions differ … substantially in density, clustering, and centrality. When relating generosity to networks we observe that social distance only …
Persistent link: https://www.econbiz.de/10008833916
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - CESifo - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …
Persistent link: https://www.econbiz.de/10010877784
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Unemployment, Growth and Speed of Transition in China
Fidrmuc, Jan; Huang, Shuo - CESifo - 2013
We investigate the relationship between unemployment and growth in China. We find considerable differences in the …
Persistent link: https://www.econbiz.de/10010877790