Narrow search
Showing 1 - 10 of 426
Cover Image
Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010635587
Cover Image
On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse
Lehmann, Etienne; Van der Linden, Bruno - Institute for the Study of Labor (IZA) - 2004
optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …
Persistent link: https://www.econbiz.de/10005703087
Cover Image
Understanding Severance Pay
Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2013
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010884124
Cover Image
Health Effects of Containing Moral Hazard: Evidence from Disability Insurance Reform
Garcia-Gomez, Pilar; Gielen, Anne C. - Institute for the Study of Labor (IZA) - 2014
We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...
Persistent link: https://www.econbiz.de/10010886130
Cover Image
Moral Hazard and Less Invasive Medical Treatment for Coronary Artery Disease: The Case of Cigarette Smoking
Margolis, Jesse; Hockenberry, Jason; Grossman, Michael; … - Institute for the Study of Labor (IZA) - 2014
Comparisons of the effectiveness of two common procedures for Coronary Artery Disease: Percutaneous Coronary Intervention (PCI) and Coronary Artery Bypass Graft (CABG). Evidence indicates that CABG – the more invasive procedure – leads to superior long term outcomes for otherwise similar...
Persistent link: https://www.econbiz.de/10010959543
Cover Image
Ability Dispersion and Team Performance: A Field Experiment
Hoogendoorn, Sander M.; Parker, Simon C.; Praag, Mirjam … - Institute for the Study of Labor (IZA) - 2012
This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in – otherwise random – team composition is...
Persistent link: https://www.econbiz.de/10010959852
Cover Image
Active Unemployment Insurance
Røed, Knut - Institute for the Study of Labor (IZA) - 2012
The paper argues that a comprehensive activation strategy is called for – in both unemployment and disability insurance … insurance. The paper also argues that the distinction between unemployment and disability is blurred, and that both temporary …
Persistent link: https://www.econbiz.de/10010548159
Cover Image
Severance Pay Mandates: Firing Costs, Hiring Costs, and Firm Avoidance Behaviors
Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2011
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding scheme would do – but that empirically the...
Persistent link: https://www.econbiz.de/10009225769
Cover Image
Firms' Moral Hazard in Sickness Absences
Böheim, René; Leoni, Thomas - Institute for the Study of Labor (IZA) - 2011
Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create moral hazard problems for firms, leading to the...
Persistent link: https://www.econbiz.de/10009323542
Cover Image
Double-Sided Moral Hazard in Job Displacement Insurance Contracts
Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2011
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has … provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by … becomes important. Unemployment insurance benefits must be limited (relative to first-best levels) and severance pay made more …
Persistent link: https://www.econbiz.de/10009323545