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economic theory of strikes. To date, however, few empirical tests of these models have been carried out. This paper presents … some evidence supporting this view of strikes. A set of predictions concerning the incidence and unconditional duration of … strikes is derived from a simple bargaining model where the union is uncertain about the firm's future profitability. These …
Persistent link: https://www.econbiz.de/10012477206
What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...
Persistent link: https://www.econbiz.de/10013334527
Collective action is a dynamic process where individuals in a group assess over time the benefits and costs of participating toward the success of a collective goal. Early participation improves the expectation of success and thus stimulates the subsequent participation of other individuals who...
Persistent link: https://www.econbiz.de/10014544751
--and differential privacy--a computer science theory emerging as the standard tool for protecting and quantifying privacy. Together …
Persistent link: https://www.econbiz.de/10015072845
We study specialized lending in a credit market competition model with private information. Two banks, equipped with similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank gains an additional advantage through further...
Persistent link: https://www.econbiz.de/10014486246
The U.S. has witnessed a resurgence of labor activism, with teachers at the forefront. We examine how teacher strikes … affect compensation, working conditions, and productivity with an original dataset of 772 teacher strikes generating 48 … million student days idle between 2007 and 2023. Using an event study framework, we find that, on average, strikes increase …
Persistent link: https://www.econbiz.de/10015056189
Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...
Persistent link: https://www.econbiz.de/10014635663
the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …
Persistent link: https://www.econbiz.de/10012463772
Many authors argue that asymmetric information between the Federal Reserve and the public is important to the conduct and the effects of monetary policy. This paper tests for the existence of such asymmetric information by examining Federal Reserve and commercial inflation forecasts. We...
Persistent link: https://www.econbiz.de/10012473150
and 30% to education signaling workers' ability …
Persistent link: https://www.econbiz.de/10012479834