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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
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Outside Income and Moral Hazard: The Elusive Quest for Good Politicians
Gagliarducci, Stefano; Nannicini, Tommaso; Naticchioni, … - Institute for the Study of Labor (IZA) - 2008
In most modern democracies elected officials can work in the private sector while appointed in parliament. We show that when the political and market sectors are not mutually exclusive, a trade-off arises between the quality of elected officials and the effort they exert in political life. If...
Persistent link: https://www.econbiz.de/10005822047
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A Dynamic Analysis of the Demand for Health Insurance and Health Care
Bolhaar, Jonneke; Lindeboom, Maarten; van der Klaauw, Bas - Institute for the Study of Labor (IZA) - 2008
insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates …
Persistent link: https://www.econbiz.de/10005822176
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Health Care Reform and the Number of Doctor Visits - An Econometric Analysis
Winkelmann, Rainer - Institute for the Study of Labor (IZA) - 2001
The paper evaluates the German health care reform of 1997, using the individual number of doctor visits as outcome measure. A new econometric model, the Probit-Poisson-log-normal model with correlated errors, describes the data better than existing count data models. Moreover, it has an...
Persistent link: https://www.econbiz.de/10005822340
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Optimal Unemployment Insurance for Older Workers
Hairault, Jean-Olivier; Langot, François; Ménard, … - Institute for the Study of Labor (IZA) - 2009
This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years … present employment subsidies. Moreover, we propose adopting a global approach to unemployment insurance by determining an … optimal contract that integrates unemployment insurance and retirement pension systems. …
Persistent link: https://www.econbiz.de/10005822369
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Division of Labour and Directed Production
Ratto, Marisa; Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2005
We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...
Persistent link: https://www.econbiz.de/10005822445
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Legitimacy of Control
Schnedler, Wendelin; Vadovic, Radovan - Institute for the Study of Labor (IZA) - 2007
What is the motivational effect of imposing a minimum effort requirement? Agents may no longer exert voluntary effort but merely meet the requirement. Here, we examine how such hidden costs of control change when control is considered legitimate. We study a principalagent model where control...
Persistent link: https://www.econbiz.de/10005822988
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10011156456
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Unemployment Insurance Savings Accounts in Latin America: Overview and Assessment
Ferrer, Ana; Riddell, W. Craig - Institute for the Study of Labor (IZA) - 2011
pooling unemployment risk over the total working population at a point in time. This form of unemployment insurance diminishes … terms of providing insurance to workers. They may also encourage stratified labor markets and impose barriers to the … turned to Unemployment Insurance Savings Accounts (UISAs) as an alternative to traditional systems of unemployment insurance …
Persistent link: https://www.econbiz.de/10008868138
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How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country
Cigno, Alessandro - Institute for the Study of Labor (IZA) - 2011
As credit and insurance markets are imperfect, and given that intra-family transfers, and the way a child uses her time …
Persistent link: https://www.econbiz.de/10009001091