Showing 1 - 10 of 34
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …
Persistent link: https://www.econbiz.de/10011272604
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...
Persistent link: https://www.econbiz.de/10011256032
that the absence of a social loss is a necessary, but not sufficient, condition for the denial of compensation. The victim … (or a third party) may have actually paid for protection against purely private losses. Thus, compensation should be … awarded irrespective of whether national law treats the case under tort or contract (where compensation is undisputed …
Persistent link: https://www.econbiz.de/10011256478
predict that the design and implementation of a performance measurement and compensation system affect the motivation of … compensation system and extrinsic motivation. Intrinsic motivation is not affected by the design of monetary compensation, but by … promotion opportunities. The compensation system also significantly affects work satisfaction and turnover intent. Our results …
Persistent link: https://www.econbiz.de/10011257406
language and job level. A lack of language skills may induce the migrant to work in jobs of a lower level leading to lower job … correlations between language proficiency and labour market outcomes by employing a simultaneous two equations framework which also …
Persistent link: https://www.econbiz.de/10011255540
This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...
Persistent link: https://www.econbiz.de/10011272580
the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch …
Persistent link: https://www.econbiz.de/10011255496
Legislation affects corporate governance and the return to human and financial capital. We allow the preference of a political majority to determine both the governance structure and the extent of labor rents. In a society where median voters have relatively more at stake in the form of human...
Persistent link: https://www.econbiz.de/10011255512
This paper aims to provide a conceptual and operational context for analysing regional inequalities. It does so by utilizing a ‘search & matching’ framework. The model, developed in this paper, maps the way in which individuals are distributed according to: 1) the abilities of individuals to...
Persistent link: https://www.econbiz.de/10011255958
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...
Persistent link: https://www.econbiz.de/10011255961