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In a model with cheap talk, employers can send messages about their willingness to pay for higher ability workers, which job-seekers can use to direct their search and tailor their wage bid. Introducing such messages leads--under certain conditions--to an informative separating equilibrium which...
Persistent link: https://www.econbiz.de/10012696354
This paper considers the extent to which crime in the 19th century was conditioned on body weight. With data on inmates incarcerated in the Tennessee and Illinois state penitentiaries between 1831 and 1892, we estimate the parameters of Wiebull proportional hazard specifications of the...
Persistent link: https://www.econbiz.de/10012463551
An often overlooked population in discussions of prison reform is the children of inmates. How a child is affected depends both on what incarceration does to their parent and what they learn from their parent's experience. To overcome endogeneity concerns, we exploit the random assignment of...
Persistent link: https://www.econbiz.de/10012453486
Both methods predict high average levels of additional work capacity. However, the picture becomes somewhat different when disaggregating the results by social groups or education. Our results emphasize the idea that policies aiming at activating any estimated additional work capacity should...
Persistent link: https://www.econbiz.de/10012456649
Longevity is increasing and many people are spending a greater proportion of their lives reliant on pensions to support consumption. In response to this, several countries have mandated delays to age of first entitlement to pension benefits in order to reduce incentives to retire early. However,...
Persistent link: https://www.econbiz.de/10012456655
We use 1980, 1990 and 2000 Census data to study the impact of source country characteristics on the labor supply assimilation profiles of married adult immigrant women and men. Women migrating from countries where women have high relative labor force participation rates work substantially more...
Persistent link: https://www.econbiz.de/10012464260
Persistent link: https://www.econbiz.de/10012464555
Ongoing international financial integration has greatly increased foreign asset holdings across countries, enhancing … claims to firm profits in a production economy. For a given level of international financial integration (measured by the … goods, and the persistence of shocks. Finally, moving from less to more international financial integration, risk sharing …
Persistent link: https://www.econbiz.de/10012465719
capital markets have become more integrated. In this paper, I ask what this integration and its resulting higher correlation …
Persistent link: https://www.econbiz.de/10012465963
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …
Persistent link: https://www.econbiz.de/10012466257