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Firm Performance and Managerial Turnover:The Case of Ukraine

Muravyev, Alexander; Talavera, Oleksandr; Bilyk, Olʹga A. - Institut zur Zukunft der Arbeit <Bonn> - 2009

The paper studies whether and how CEO turnover in Ukrainian firms is related to theirperformance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the pastperformance of firms measured by return...

Persistent link: https://www.econbiz.de/10009360623

Why Does Overnight Liquidity Cost More ThanIntraday Liquidity?

Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2007

optimal payments system design. In our environment, the interestcharged on overnight liquidity a¤ects output while the cost of … intraday liquidity onlyaffects the distribution of resources between money holders and non-money holders.The low cost of … intraday liquidity follows from the Friedman rule and it is optimalto deviate from the the Friedman rule with respect to …

Persistent link: https://www.econbiz.de/10009360831

Termination of Dynamic Contracts in an EquilibriumLabor Market Model (2008 update)

Wang, Cheng - Iowa State University of Science and Technology <Ames, … - 2008

In an equilibrium model of the labor market, workers and firms enter intodynamic contracts that can potentially last forever, but are subject to optimalterminations. Upon termination, the firm hires a new worker, and the workerwho is terminated receives a termination contract from the firm and...

Persistent link: https://www.econbiz.de/10009360882

SPATIAL LABOR MARKETS AND TECHNOLOGYSPILLOVERS - ANALYSIS FROM THE USMIDWEST

Miranowski, John A.; Monchuk, Daniel C. - Iowa State University of Science and Technology <Ames, … - 2004

The primary focus of this paper is the impact of knowledge creation and innovative activity onnon-farm employment growth. Non-farm employment growth is modeled in a stylized modelwhere new knowledge and local economic externalities are key factors driving technologygrowth. For our empirical...

Persistent link: https://www.econbiz.de/10009360909

WORKER DISPLACEMENT DURING THETRANSITION: EXPERIENCE FROM SLOVENIA

Orazem, Peter F.; Vodopivec, Milan; Wu, Ruth - Iowa State University of Science and Technology <Ames, … - 2008

The transition to market in Slovenia created labor displacements that were on par or greater than thatexperienced in North America in the 1980s. A simple theoretical model suggests that factors which raisethe probability of layoff should also increase the probability of a quit, predictions that...

Persistent link: https://www.econbiz.de/10009360912

Cyclicality and the Labor Market for Economists

Gallet, Craig A.; List, John A.; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2004

Using a unique sample of new Ph.D. economists in 1987 and 1997, we examine how jobseekers and their employers alter their search strategies in strong versus weak markets. The 1987academic market was strong while the 1997 market was much weaker. A multimarket theory ofoptimal search suggests that...

Persistent link: https://www.econbiz.de/10009360913

Real Wages over the Business Cycle:OECD Evidence from the Time and Frequency Domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - Institut zur Zukunft der Arbeit <Bonn> - 2008

We study differences in the adjustment of aggregate real wages in the manufacturing sectorover the business cycle across OECD countries, combining results from different data anddynamic methods. Summary measures of cyclicality show genuine cross-countryheterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10009418920

The Role of Profit Sharing in a Dual Labour Marketwith Flexible Outsourcing

Koskela, Erkki; König, Jan - Institut zur Zukunft der Arbeit <Bonn> - 2008

We analyze the following questions associated with flexible outsourcing under partlyimperfect dual domestic labour markets, where high skilled workers participate in firm’s profitvia profit sharing: How does the implementation of profit sharing influence flexibleoutsourcing? What is the...

Persistent link: https://www.econbiz.de/10009418921

Immigration in the U.S. Midwest during the1990s: A Decade of Rapid Change

Huffman, Wallace E. - Iowa State University of Science and Technology <Ames, … - 2003

This paper examines immigration trends and economic impacts of immigration on the Midwestover the 1990s, especially for rural and agricultural labor markets and places them in contextrelative to changes in California, Florida, and Texas and the whole United States. The 1990swas a period of rapid...

Persistent link: https://www.econbiz.de/10009418925

A Positive Theory of the Income RedistributiveFocus of Social Security

Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2003

Many countries around the world have large public pension programs. Traditionally, these programshave been used to induce retirement by the elderly in order to free up jobs for the young andto redistribute income across generations. This paper provides an efficiency rationale for the...

Persistent link: https://www.econbiz.de/10009418930