Similar Search Results

Optimal Employment Contracts with Hidden Search

Lentz, Rasmus - National Bureau of Economic Research (NBER) - 2014

In this paper I explore optimal employment contract design in a random search framework, where workers search on and off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2013). The worker determines the frequency by which employment opportunities arrive...

Persistent link: https://www.econbiz.de/10010796538

The Consumption-Tightness Puzzle

Ravn, Morten - National Bureau of Economic Research (NBER) - 2006

of theory. Amongst the counterfactual implications are very low volatility of tightness, procyclical unemployment, and a …

Persistent link: https://www.econbiz.de/10005084940

Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage

Owyang, Michael T.; Friedberg, Leora; Sinclair, Tara M. - National Bureau of Economic Research (NBER) - 2005

Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar...

Persistent link: https://www.econbiz.de/10005089057

Inequality and Unemployment in a Global Economy

Helpman, Elhanan; Redding, Stephen James; Itskhoki, Oleg - National Bureau of Economic Research (NBER) - 2008

consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …

Persistent link: https://www.econbiz.de/10005720079

Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence

Charness, Gary; Kuhn, Peter - National Bureau of Economic Research (NBER) - 2005

We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages under quite...

Persistent link: https://www.econbiz.de/10005828920

Incentives in Organizations

Gibbons, Robert - National Bureau of Economic Research (NBER) - 1998

In this paper I summarize four new strands in agency theory that help me think about incentives in real organizations. As a point of departure, I being with a quick sketch of the classic agency model. I then discuss static models of objective performance measurement in which firms get what they...

Persistent link: https://www.econbiz.de/10005829857

Entrepreneurship in International Trade

Watson, Joel; Rauch, James E. - National Bureau of Economic Research (NBER) - 2002

Motivated by evidence on the importance of incomplete information and networks in international trade, we investigate the supply of 'network intermediation.' We hypothesize that the agents who become international trade intermediaries first accumulate networks of foreign contacts while working...

Persistent link: https://www.econbiz.de/10005830033

Incentives and Careers in Organizations

Gibbons, Robert - National Bureau of Economic Research (NBER) - 1996

This paper surveys two related pieces of the labor-economics literature: incentive pay and careers in organizations. In the discussion of incentives, I first summarize theory and evidence related to the classic agency model, which emphasizes the tradeoff between insurance and incentives. I then...

Persistent link: https://www.econbiz.de/10005830917

Coercive Contract Enforcement: Law and the Labor Market in 19th Century Industrial Britain

Naidu, Suresh; Yuchtman, Noam - National Bureau of Economic Research (NBER) - 2011

British Master and Servant law made employee contract breach a criminal offense until 1875. We develop a contracting model generating equilibrium contract breach and prosecutions, then exploit exogenous changes in output prices to examine the effects of labor demand shocks on prosecutions....

Persistent link: https://www.econbiz.de/10009021933

A Theory of Monitoring and Internal Labor Markets

Lang, Kevin; Bose, Gautam - National Bureau of Economic Research (NBER) - 2011

We analyze a firm's job-assignment and worker-monitoring decisions when workers face occasional crises. Firms prefer to assign good workers to a difficult task and to not employ bad workers. Firms observe failures but only observe successfully resolved crises if they monitor the worker. If...

Persistent link: https://www.econbiz.de/10009372423

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