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policies on educational choices and career progression. We find that policies such as the Earned Income Tax Credit which …
Persistent link: https://www.econbiz.de/10005328934
This paper presents a theory of location choice that draws on insights from the incomplete contracts and investment flexibility (real option) literatures. We provide conditions under which human capital is more efficiently created and better utilized within industrial clusters that contain...
Persistent link: https://www.econbiz.de/10005328936
I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal linked data on employers and employees. Workers vary in their marginal product when employed and their value of leisure when unemployed. Firms vary in their marginal product and...
Persistent link: https://www.econbiz.de/10005328946
, labor market transitions and wealth using a sample from the 1984 Survey of Income and Program Participation. We examine …
Persistent link: https://www.econbiz.de/10005342257
The objective of this paper is to add evidence of job mobility within a firm using personnel records from a single large U.S. corporation, focusing on the determinants of the hazard rates of being promoted to a higher hierarchy level. How to successfully control for unobserved heterogeneity is...
Persistent link: https://www.econbiz.de/10005130187
to mitigate the destruction of jobs but had no effect on job creation nor in capital dynamics. The changes in the use of …
Persistent link: https://www.econbiz.de/10005170257
The Harris-Todaro model is reinterpreted under an evolutionary game approach, including the behavior of migrants under bounded rationality in a process of imitation or learning. A first feature is an improvement upon Harris-Todaro by replacing the sign-preserving function of the adjustment...
Persistent link: https://www.econbiz.de/10005699584
In employment agreements, alternatives arise over time for either party that threaten the survival of the particular match between the worker and the firm. This paper focuses on one side of this issue, namely the optimal response by an employer to a threatened unilateral termination of an...
Persistent link: https://www.econbiz.de/10005699683
Three basic mechanisms are behind the statistical relationship between fertility decisions and labor force participation decisions. 1) Causal direct effect: the time spent in child-care reduces the labor market effort leading to a temporary drop in post-birth labor force participation. 2) Causal...
Persistent link: https://www.econbiz.de/10005328989
model of the local labor market in which in a thicker market, when more workers are looking for jobs and more job openings … are available, the matching probability between jobs and workers is higher. Workers incur search cost if they actively … search for for jobs. A higher matching probability makes searching for jobs more desirable. Unemployed workers accumulate in …
Persistent link: https://www.econbiz.de/10005328991