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Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions
Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10005103260
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Contracts between Legal Persons
Kornhauser, Lewis A.; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2010
Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...
Persistent link: https://www.econbiz.de/10008765228
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On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings
Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2008
I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied.
Persistent link: https://www.econbiz.de/10005703689
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On the Common Claim that Happiness Equations Demonstrate Diminishing Marginal Utility of Income
Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2005
It is commonly claimed in the recent happiness literature in psychology and economics that we have proved diminishing marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility function and concavity of the reporting function.
Persistent link: https://www.econbiz.de/10005763588
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Evidence and Persistence of Education Inequality in an Early-Tracking System: The German Case
Krause, Annabelle; Schüller, Simone - Institute for the Study of Labor (IZA) - 2014
This article reviews empirical evidence on the early tracking system in Germany and the educational inequalities …
Persistent link: https://www.econbiz.de/10010990917
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Sufficient Statistic or Not? The Elasticity of Taxable Income in the Presence of Deduction Possibilities
Doerrenberg, Philipp; Peichl, Andreas; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2014
several tax reforms that were implemented in Germany between 2001 and 2008. Our baseline estimates indicate an overall ETI of …
Persistent link: https://www.econbiz.de/10010990918
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Documentation IZAΨMOD v3.0: The IZA Policy Simulation Model
Loeffler, Max; Peichl, Andreas; Pestel, Nico; Siegloch, … - Institute for the Study of Labor (IZA) - 2014
This paper describes IZAΨMOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model uses household microdata from the German Socio-Economic Panel Study and firm data from the German linked employer-employee dataset LIAB. IZAΨMOD consists of three components:...
Persistent link: https://www.econbiz.de/10010990920
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The Dynamics of Social Assistance Benefit Receipt in Germany: State Dependence Before and After the 'Hartz Reforms'
Königs, Sebastian - Institute for the Study of Labor (IZA) - 2014
In this article, I study state dependence in social assistance receipt in Germany using annual survey data from the … persistence rates and the absolute level of structural state dependence are higher in Eastern Germany than in Western Germany. I …
Persistent link: https://www.econbiz.de/10010884120
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Do Literacy and Numeracy Pay Off? On the Relationship between Basic Skills and Earnings
Antoni, Manfred; Heineck, Guido - Institute for the Study of Labor (IZA) - 2012
Is there a reward for basic skills in the German labor market? To answer this question, we examine the relationship between literacy, numeracy and monthly gross earnings of full-time employed workers. We use data from the ALWA survey, augmented by test scores on basic cognitive skills as well as...
Persistent link: https://www.econbiz.de/10010884134
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Not So Standard Anymore? Employment Duality in Germany
Eichhorst, Werner; Tobsch, Verena - Institute for the Study of Labor (IZA) - 2014
on the changing patterns of labour market segmentation or 'dualization' of employment in Germany. While labour market … duality in Germany can partially be attributed to labour market reforms promoting, in particular, non-standard forms of … contributed to the expansion of overall labour market inclusion and job growth in Germany and that at least some forms of non …
Persistent link: https://www.econbiz.de/10010884164