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Human Capital and Labour Productivity, Integration of Institutions and Endogenous Growth
Delsen, Lei; Schonewille, Mark - EconWPA - 1999
This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...
Persistent link: https://www.econbiz.de/10005125046
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The job satisfaction of English academics and their intentions to quit academe
Stevens, Philip - EconWPA - 2005
This paper considers the job satisfaction of academics using a detailed dataset of over two thousand academics from ten English higher education institutions. The results of our analysis suggest that one would be wrong to consider one single measure of job-satisfaction. Academics appear to be...
Persistent link: https://www.econbiz.de/10005125776
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The Dynamic Beveridge Curve
Fujita, Shigeru; Ramey, Garey - EconWPA - 2005
sunk cost for creating new job positions, motivated by the well-known fact that worker turnover exceeds job turnover. In …
Persistent link: https://www.econbiz.de/10005561342
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Dismissals and Match-Specific Rents
Black, Dan A.; Loewenstein, Mark A. - EconWPA - 1996
Labor contracts that result in dismissals are quite common in the real world. The question that arises is why employers do not just offer reduced wages instead of asking workers with low realized productivity to leave. This paper argues that such behavior can be explained by workers'...
Persistent link: https://www.econbiz.de/10005556777
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Family Health Benefits and Worker Turnover
Black, Dan A. - EconWPA - 1996
In this paper, I examine the impact of employer-provided health benefits on job turnover. Because many employer … portability of health plans. The estimates suggest that spouse-provided benefits substantially increase the likelihood of turnover. …
Persistent link: https://www.econbiz.de/10005556849
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Trading Turnover and Expected Stock Returns: The Trading Frequency Hypothesis and Evidence from the Tokyo Stock Exchange
Hu, Shing-yang - EconWPA - 1997
trading turnover as a measure of liquidity and the 1976-1993 Tokyo Stock Exchange data, I find that, cross-sectionally, stocks … with higher turnover tend to have a lower expected return. This evidence is consistent with predictions derived from an … Amihud-Mendelson type of transaction cost model in which the turnover measures investors’ trading frequency. The trading …
Persistent link: https://www.econbiz.de/10005413235
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Professional Advice
Ottaviani, Marco; Sorensen, Peter - EconWPA - 1999
Professional experts offer advice with the objective of appearing well informed. Their ability is evaluated on the basis of the advice given and the realized state of the world. We model this situation as a reputational cheap-talk game with continuous signal, state, and ability type spaces....
Persistent link: https://www.econbiz.de/10005550867
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Reform des Sozialstaats in Deutschland und Frankreich: was auf dem Spiel steht (Welfare state policies in France and Germany : what is really at stake ?)
Lechevalier, Arnaud - EconWPA - 2004
Seit zwei Jahrzehnten wird in Deutschland wie in Frankreich eine Sozialpolitik betrieben, die größtenteils auf einer gemeinsamen Einschätzung der Probleme und Herausforderungen beruht, die sich aus der zunehmenden Alterung der Gesellschaft und dem Druck zu mehr Wettbewerbsfähigkeit und...
Persistent link: https://www.econbiz.de/10005556773
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Divide and Conquer
Chen, Zhijun - EconWPA - 2005
Tournaments are well known to be vulnerable to collusion as shown by the impossibility theorem in Ishiguro (2004), which asserts that efficient effort levels are impossible to be implemented through a collusion-proof contract. However, we argue that this impossibility is a product of simple...
Persistent link: https://www.econbiz.de/10005556789
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The Cyclical Behaviour of Shadow and Regular Employment
Bovi, Maurizio - EconWPA - 2005
Using the Hodrick-Prescott filter, this paper examines the cyclical properties of the Italian labour market. Its main contribution is the empirical analysis of three different labour inputs - regular employees, regular self-employed and underground workers. Results from VAR models support the...
Persistent link: https://www.econbiz.de/10005556794