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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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Why Do We Ignore the Risk in Schooling Decisions?
Hartog, Joop; Diaz-Serrano, Luis - CESifo - 2014
While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk, surveys the analytical...
Persistent link: https://www.econbiz.de/10010877976
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Measuring the Consumption Value of Higher Education
Alstadsæter, Annette - CESifo - 2009
of expected potential lifetime income. The ex post price for this consumption value turned out to be 39% of their … potential lifetime income. …
Persistent link: https://www.econbiz.de/10008533984
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The Consumption Value of Higher Education
Alstadsæter, Annette; Sievertsen, Hans Henrik - CESifo - 2009
willing to forego 46 pct. of their potential income in order to enjoy the consumption value of this educational type. …
Persistent link: https://www.econbiz.de/10008534058
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Scars of Recessions in a Rigid Labor Market
Cockx, Bart; Ghirelli, Corinna - CESifo - 2015
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10011200048
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Does the Quality of Electricity Matter? Evidence from Rural India
Chakravorty, Ujjayant; Pelli, Martino; Marchand, Beyza Ural - CESifo - 2013
This paper estimates the returns to household income due to improved access to electricity in rural India. We examine …
Persistent link: https://www.econbiz.de/10010877886
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Poverty and Welfare Measurement on the Basis of Prospect Theory
Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - CESifo - 2013
new notion of equivalent income, the income level with which the individual would be as well off, evaluated using a … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on … equivalent income. These differences are illustrated using household-level panel data from Russia and Vietnam. …
Persistent link: https://www.econbiz.de/10010607471
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Social Unrest in the Wake of IMF Structural Adjustment Programs
Stroup, Caleb; Zissimos, Benjamin - CESifo - 2013
This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country’s comparative advantage, a nation’s elite may have an incentive to make transfers to the...
Persistent link: https://www.econbiz.de/10010641420
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The Historical Roots of Corruption and Economic Development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2013
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10010641421
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Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework
Torre, Augusto de la; Pería, María Soledad Martínez; … - CESifo - 2009
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10004979421