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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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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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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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Exchange Rate Floating and Inflation Targeting Implementing - Lessons from a succesful transition - The Brazilian Case
Deheza, Juan Carlos Soldano - EconWPA - 2003
El objetivo de este paper es realizar una descripción del caso brasileño, en lo que hace a la salida de un sistema en el cual el ancla nominal de la economía era un tipo de cambio semi-fijo, hacia un régimen de flotación “cuasi” limpia de la moneda, en el que el ancla de la economía...
Persistent link: https://www.econbiz.de/10005076607
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CLAVES DE LA INFLACION DE 2005
Marongiu, Federico - EconWPA - 2005
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
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National Appointments to Multinational Monetary Policy Making: A Role Conflict?
Ripoll, Jose - EconWPA - 2003
Territorial appointees to an independent central bank (e.g. District Federal Reserve Banks’ presidents, Governors of national central banks at the ECB’s Governing Council) are liable to confront a “role conflict” stemming from a duality of loyalties and allegiances - to the home regional...
Persistent link: https://www.econbiz.de/10005076671
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CAN MONETARY POLICY AFFECT THE REAL ECONOMY?
Arestis, Philip; Sawyer, Malcolm - EconWPA - 2002
Current monetary policy involves the manipulation of the Central Bank interest rate (the repo rate), with the specific objective of achieving the goal(s) of monetary policy. The latter is normally the inflation rate, although in a number of instances this may include the level of economic...
Persistent link: https://www.econbiz.de/10005076687
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A calibrated structural model of the Czech economy
Hlédik, Tibor - EconWPA - 2004
The paper presents a structural model framework for a small open economy. The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic’s...
Persistent link: https://www.econbiz.de/10005076689