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Money Matters - Evidence from a Large-Scale Randomized Field Experiment with Vouchers for Adult Training

Messer, Dolores; Wolter, Stefan C. - CESifo - 2009

This paper presents the results of a randomized experiment analyzing the use of vouchers for adult training. In 2006, 2,400 people were issued with a training voucher which they were entitled to use in payment for a training course of their choice. User behavior was compared with a control group...

Persistent link: https://www.econbiz.de/10005181564

Effects of Adult Education Vouchers on the Labor Market: Evidence from a Randomized Field Experiment

Schwerdt, Guido; Messer, Dolores; Woessmann, Ludger; … - CESifo - 2011

Lifelong learning is often promoted in ageing societies, but little is known about its returns or governments’ ability to advance it. This paper evaluates the effects of a large-scale randomized field experiment issuing vouchers for adult education in Switzerland. We find no significant...

Persistent link: https://www.econbiz.de/10008833939

General Education, Vocational Education, and Labor-Market Outcomes over the Life-Cycle

Hanushek, Eric A.; Woessmann, Ludger; Zhang, Lei - CESifo - 2011

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

Persistent link: https://www.econbiz.de/10009351470

A Continuous Theory of Income Insurance

Lindbeck, Assar; Persson, Mats - CESifo - 2010

In this paper we treat an individual’s health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual’s health sheds new...

Persistent link: https://www.econbiz.de/10008572558

Social Interaction and Sickness Absence

Lindbeck, Assar; Palme, Marten; Persson, Mats - CESifo - 2008

Does the average level of sickness absence in a neighborhood affect individual sickness absence through social interaction on the neighborhood level? To answer this question, we consider evidence of local benefit-dependency cultures. Well-known methodological problems in this type of analysis...

Persistent link: https://www.econbiz.de/10005181489

Bribery vs. Extortion: Allowing the Lesser of two Evils

Khalil, Fahad; Lawarrée, Jacques; Yun, Sungho - CESifo - 2007

Rewards to prevent supervisors from accepting bribes create incentives for extortion. This raises the question whether a supervisor who can engage in bribery and extortion can still be useful in providing incentives. By highlighting the role of team work in forging information, we present a...

Persistent link: https://www.econbiz.de/10005765652

Ownership Concentration, Monitoring and Optimal Board Structure

Graziano, Clara; Luporini, Annalisa - CESifo - 2005

charge of project selection and the supervisory board is in charge of monitoring. We consider the case in which the large …

Persistent link: https://www.econbiz.de/10005765820

Monitoring a Common Agent: Implications for Financial Contracting

Khalil, Fahad; Martimort, David; Parigi, Bruno Maria - CESifo - 2005

the shapes of contracts and the amount of monitoring. Equity-like contracts and excessive monitoring emerge when … principals are able to coordinate monitoring or verify each others’ monitoring efforts. When this is not possible, free riding in … monitoring weakens the incentive to monitor, so that flat payments, debt-like contracts and very low levels of monitoring appear …

Persistent link: https://www.econbiz.de/10005181389

Managerial Hedging and Portfolio Monitoring

Bisin, Alberto; Gottardi, Piero; Rampini, Adriano A. - CESifo - 2004

monitoring is costly governance is imperfect. If managerial hedging is detected, shareholders can seize the payoffs of the … poorly, (ii) the more costly monitoring is, the more sensitive is the manager’s compensation to firm performance, and (iii … revealed by monitoring. …

Persistent link: https://www.econbiz.de/10005094243

Improving Incentives in Unemployment Insurance: A Review of Recent Research

Fredriksson, Peter; Holmlund, Bertil - CESifo - 2003

sequencing of benefits), monitoring in conjunction with sanctions, and workfare. Our reading of the theoretical literature is …

Persistent link: https://www.econbiz.de/10005094257