This paper examines the performance of minimum wage legislation in Kenya, both in terms of its coverage and enforcement as well as in terms of their implications for wages and employment. Our findings based on the 1998/99 labor force data - the last labor force survey available - indicate that...

Studies of public-private and foreign-domestic wage differentials face difficultiesdistinguishing ownership effects from correlated characteristics of workers and firms. Thispaper estimates these ownership differentials using linked employer-employee data (LEED)from Hungary containing 1.35mln...

We compare the returns to education (RTE) for entrepreneurs and employees, based on 19waves of the NLSY database. By using instrumental variable techniques (IV) and takingaccount of selectivity, we find that the RTE are significantly higher for entrepreneurs than foremployees (18.3 percent and...

Recent empirical evidence has found that employment services and small-businessassistance programmes are often successful at getting the unemployed back to work. Oneimportant concern of policy makers is to decide which of these two programmes is moreeffective and for whom...

Census data show that since 1980 low-skill workers in the United States have beenincreasingly employed in the provision of non-tradeable time-intensive services - such asfood preparation and cleaning - that can be broadly thought as substitutes of homeproduction activities. Meanwhile the wage...

The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...

Why do some leaders succeed while others fail? This question is important, but its complexitymakes it hard to study systematically. We examine an industry in which there are welldefinedobjectives, small teams, and exact measures of leaders’ characteristics. We showthat a strong predictor of a...

Although an inverse relationship between sickness absence and unemployment has beendocumented in a number of studies using either quarterly or annual data from differentcountries with varying institutional frameworks, it is not yet clear whether this empiricalregularity is due to changes in the...

On theoretical grounds, monitoring of top executives by the (supervisory) board is expectedto be value relevant. The empirical evidence is ambiguous and we analyze three noncompetingexplanations for this ambiguity: (i) The positive effect on firm value of boardmonitoring is hidden in stock price...

Using microdata, we analyse the determinants of firm relocation and outsourcing decisionsand their effects on firms´ employment decisions. The results for a sample of 32 countriesshow that both strategies have been more intense in the EU-15 countries than in the rest andthat, in some cases,...