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An Empirical Model of the Medical Match
Agarwal, Nikhil - 2014
product of labor, with larger markdowns at more desirable programs. Therefore, a limited number of positions at high quality … market. I find that financial incentives increase the quality, but not the number of rural residents. Quantity regulations … increase the number of rural trainees, but the impact on resident quality depends on the design of the intervention …
Persistent link: https://www.econbiz.de/10012457899
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Employer Learning and Statistical Discrimination
Altonji, Joseph G. - 1997
We provide a test for statistical discrimination or rational stereotyping in in environments in which agents learn over time. Our application is to the labor market. If profit maximizing firms have limited information about the general productivity of new workers, they may choose to use easily...
Persistent link: https://www.econbiz.de/10012472533
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Relative Labor Productivity and the Real Exchange Rate in the Long Run : Evidence for a Panel of OECD Countries
Canzoneri, Matthew B. - 1996
The Balassa-Samuelson model, which explains real exchange rate movements in terms of sectoral productivities, rests on two components. First, for a class of technologies including Cobb-Douglas, the model implies that the relative price of nontraded goods in each country should reflect the...
Persistent link: https://www.econbiz.de/10012473166
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Performance Pay and Productivity
Lazear, Edward P. - 1996
What happens when a firm switches from paying hourly wages to paying piece rates? The theory developed below predicts that average productivity rises, that the firm will attract a more able work force and that the variance in output across individuals at the firm will rise as well. The theory is...
Persistent link: https://www.econbiz.de/10012473170
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Labor Productivity : Structural Change and Cyclical Dynamics
Baily, Martin Neil - 1996
A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing...
Persistent link: https://www.econbiz.de/10012473356
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Employer Learning and the Signaling Value of Education
Altonji, Joseph G. - 1996
which employers learn about worker quality and use these, along with some strong auxiliary assumptions, to explore the …
Persistent link: https://www.econbiz.de/10012473426
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Labor Productivity During the Great Depression
Bordo, Michael D. - 1993
In a recent paper, Bemanke and Parkinson (1991) studied interwar U.S. manufacturing data with the objective of assessing competing theories of the business cycle. An important finding was that short-run increasing returns to Labor (SRIRL), or procyclical labor productivity, was at least as...
Persistent link: https://www.econbiz.de/10012474535
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Procyclical Labor Productivity and Competing Theories of the Business Cycle : Some Evidence from Interwar U.S. Manufacturing Industries
Bernanke, Ben - 1990
Each of the main explanations of procyclical labor productivity, or short-run increasing returns to labor (SRIRL), is closely associated with a competing theory of the business cycle: Real business cycle theorists attribute SRIRL to procyclical technological shocks, proponents of recent theories...
Persistent link: https://www.econbiz.de/10012475524
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Labor Hoarding, Inflexible Prices, and Procyclical Productivity
Rotemberg, Julio J. - 1988
Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms...
Persistent link: https://www.econbiz.de/10012476463
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Ruling Out Productivity? Labor Contract Pages and Plant Performance
Ichniowski, Casey - 1984
This study documents a strong inverse relationship between number of pages of labor contracts in effect and the productivity observed in a sample of ten unionized plants. It is argued that this relationship reflects the productivity-inhibiting effects of increases in the number and complexity of...
Persistent link: https://www.econbiz.de/10012477722