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Returns for Entrepreneurs vs. Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vs. Wage Employees
van Praag, Mirjam; van Witteloostuijn, Arjen; van der … - Institute for the Study of Labor (IZA) - 2009
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education...
Persistent link: https://www.econbiz.de/10008558947
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The Knowledge Lift: The Swedish Adult Education Program That Aimed to Eliminate Low Worker Skill Levels
Albrecht, James; den Berg, Gerard J. van; Vroman, Susan - Institute for the Study of Labor (IZA) - 2005
The Swedish adult education program known as the Knowledge Lift is unprecedented in its size and scope, aiming to raise the skill level of all low-skilled workers towards the medium level. This paper evaluates the effects of program participation on individual labor market outcomes, notably...
Persistent link: https://www.econbiz.de/10005703812
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The Aggregate Labor Market Effects of the Swedish Knowledge Lift Program
Albrecht, James; Berg, Gerard J. van den; Vroman, Susan - Institute for the Study of Labor (IZA) - 2006
The Swedish adult education program known as the Knowledge Lift (1997-2002) was unprecedented in its size and scope, aiming to raise the skill level of large numbers of lowskill workers. This paper evaluates the potential effects of this program on aggregate labor market outcomes. This is done...
Persistent link: https://www.econbiz.de/10005822408
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Identity Changes and the Efficiency of Reputation Systems
Wibral, Matthias - Institute for the Study of Labor (IZA) - 2014
Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …
Persistent link: https://www.econbiz.de/10010884234
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Reputations, Relationships and the Enforcement of Incomplete Contracts
MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006
(1981)) and efficiency wages (Shapiro and Stiglitz (1984)), have been offered as solutions to the problem of enforcing an … service exchanged. In general, neither the repeat purchase mechanism nor efficiency wages is the most efficient in the set of …
Persistent link: https://www.econbiz.de/10005233793
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Transparency and Reciprocal Behavior in Employment Relations
Irlenbusch, Bernd; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2003
experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals …
Persistent link: https://www.econbiz.de/10005233886
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Laws and Norms
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2012
logic, the paper also sheds light on why societies are often resistant to the message of economists, as well as on why they …
Persistent link: https://www.econbiz.de/10009646323
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Dynamic Incentive Contracts under Parameter Uncertainty
Prat, Julien; Jovanovic, Boyan - Institute for the Study of Labor (IZA) - 2010
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...
Persistent link: https://www.econbiz.de/10008727782
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Coordination under the Shadow of Career Concerns
Koch, Alexander K.; Morgenstern, Albrecht - Institute for the Study of Labor (IZA) - 2009
To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...
Persistent link: https://www.econbiz.de/10005761666
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Incentives, Decision Frames, and Motivation Crowding Out - An Experimental Investigation
Irlenbusch, Bernd; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2005
. Furthermore, switching in the same treatment from a setting where piece rates are available to one where only fixed wages can be …
Persistent link: https://www.econbiz.de/10005761948