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CEO Stress, Aging, and Death
Borgschulte, Mark; Guenzel, Marius; Liu, Canyao; … - National Bureau of Economic Research - 2021
managerial stress, also relative to known health risks …
Persistent link: https://www.econbiz.de/10012496103
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Discretion in Hiring
Hoffman, Mitchell - 2015
to forgo the potentially valuable private information of their managers. We study the introduction of job testing across … 15 firms employing low-skilled service sector workers. When faced with similar applicant pools, we find that managers who … appear to hire against test recommendations end up with worse average hires. This suggests that managers often overrule test …
Persistent link: https://www.econbiz.de/10012456961
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Inducing Leaders to Take Risky Decisions : Dismissal, Tenure, and Term Limits
Aghion, Philippe - 2014
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10012458366
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Job Destruction and the Experiences of Displaced Workers
Haan, Wouter J. den - 1999
This paper evaluates a class of endogenous job destruction models based on how well they explain the observed experiences of displaced workers. We show that pure reallocation models in which relationship-specific productivity drifts downward over time are difficult to reconcile with the evidence...
Persistent link: https://www.econbiz.de/10012471571
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Labor Rationing
Breza, Emily; Kaur, Supreet; Shamdasani, Yogita - National Bureau of Economic Research - 2021
This paper measures excess labor supply in equilibrium. We examine hiring shocks--which employ 24% of the labor force in external month-long jobs--in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent...
Persistent link: https://www.econbiz.de/10012510522
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Unemployment Insurance in Macroeconomic Stabilization
Kekre, Rohan - National Bureau of Economic Research - 2021
I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume (MPC) than the employed or if agents...
Persistent link: https://www.econbiz.de/10012696414
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Monopsony in the Labor Market : New Empirical Results and New Public Policies
Ashenfelter, Orley; Card, David E.; Farber, Henry S.; … - National Bureau of Economic Research - 2021
This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in Labor Markets held in October 2018. These papers, to be published as a special issue of the Journal of Human Resources, study various aspects of monopsony and failures of...
Persistent link: https://www.econbiz.de/10012696431
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"Golden Ages" : A Tale of the Labor Markets in China and the United States
Fang, Hanming; Qiu, Xincheng - National Bureau of Economic Research - 2021
We study the labor markets in China and the United States, the two largest economies in the world, by examining the evolution of their cross-sectional age-earnings profiles during the past thirty years. We find that, first, the peak age in the cross-sectional age-earnings profiles, which we...
Persistent link: https://www.econbiz.de/10012696432
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Optimal Labor Contracts, Imperfect Competition and Underemployment Equilibria : A Framework for Analysis
Cooper, Russell - 1986
This paper examines the macroeconomic properties of imperfectly competitive economies. The focus is on the coordination failures that might arise in these economies, a study of alternative policies and the comparative static properties of these models. This paper differs from others in this area...
Persistent link: https://www.econbiz.de/10012477009
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Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device?
Akerlof, George A. - 1986
In the most widely analyzed type of efficiency wage model of involuntary unemployment, firms pay wages in excess of market clearing to give workers an incentive not to shirk. Such payments in excess of market clearing and the resultant equilibrium unemployment act as a worker discipline device....
Persistent link: https://www.econbiz.de/10012477045