Similar Search Results

Family Background Variables as Instruments for Education in Income Regressions: A Bayesian Analysis

Hoogerheide, Lennart; Block, Joern H.; Thurik, Roy - Tinbergen Instituut - 2010

This discussion paper was published in the Economics of Education Review (2012). Vol. 31(5), 515-523. The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and...

Persistent link: https://www.econbiz.de/10011257613

Investor Sentiment and Employment

Montone, Maurizio; Zwinkels, Remco C.J. - Tinbergen Instituut - 2015

We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth worldwide; (2) lower labor productivity, as the...

Persistent link: https://www.econbiz.de/10011255878

Monitoring your Friends, not your Foes: Strategic Ignorance and the Delegation of Real Authority

Martinez, Silvia Dominguez; Sloof, Randolph; Siemens, … - Tinbergen Instituut - 2010

This discussion paper resulted in an article in 'Games and Economic Behavior' (2014). Volume 85, pages 289-305. In this laboratory experiment we study the use of strategic ignorance to delegate real authority within a firm. A worker can gather information on investment projects, while a manager...

Persistent link: https://www.econbiz.de/10011256411

How Large are Search Frictions?

Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2003

This paper shows that we can normalize job and worker characteristics so that, without frictions,there exists a linear relationship between wages on the one hand and worker and job type indiceson the other. However, for five European countries and the United States we find strong evidencefor a...

Persistent link: https://www.econbiz.de/10011256697

Spatial Heterogeneity and the Wage Curve revisited

Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - Tinbergen Instituut - 2004

Most ‘wage curve’ studies treat local labour markets as independent ‘islands’ in the national economy. However, when a local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to lower pay rates if employers fear outward...

Persistent link: https://www.econbiz.de/10011256886

An Empirical Measure for Labor Market Density

Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2000

In this paper we derive a structural measure for labor market density based on the Ellison and Glasear (1997) "Index for industry concentration". This labor market density measure serves as a proxy for the number of workers that can reach a certain work area within a reasonal amount of traveling...

Persistent link: https://www.econbiz.de/10011257204

Performance and Relative Incentive Pay: The Role of Social Preferences

Hernandez, Pablo; Minor, Dylan B.; Sisak, Dana - Tinbergen Instituut - 2013

Under relative performance pay, other-regarding workers internalize the negative externality they impose on other workers. In one form -increased own effort reduces others' payoffs- this results in other-regarding individuals depressing efforts. In another form punishment reduces the payoff of...

Persistent link: https://www.econbiz.de/10011257464

Discrimination in the Labor Market: The Curse of Competition between Workers

Haan, Thomas de; Offerman, Theo; Sloof, Randolph - Tinbergen Instituut - 2011

In the labor market, statistical discrimination occurs when employers' beliefs about workers' behavior induce different groups of workers to invest at different rates in their education. Thus, even though groups may be identical ex-ante, the beliefs of the employers are self-fulfilling....

Persistent link: https://www.econbiz.de/10011256510

The Time-Varying Volatility of Earnings and Aggregate Precautionary Savings

Pozzi, Lorenzo - Tinbergen Instituut - 2011

variance of earnings of individual households. Specifications estimated are standard and quadratic ARCH and GARCH processes … impact on aggregate consumption growth implying that earnings uncertainty and precautionary saving motives matter for the … aggregate economy. The estimation of a buffer stock model of consumption with time-varying earnings uncertainty provides an …

Persistent link: https://www.econbiz.de/10011255920

If you are so smart, why aren't you an Entrepreneur?

Hartog, Joop; Praag, Mirjam van; Sluis, Justin van der - Tinbergen Instituut - 2008

questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2 …) Do different cognitive abilities (e.g. math ability, language ability) and social ability affect earnings of … entrepreneurs and employees differently?, and (3) Does the balance in these measured ability levels affect an individual's earnings …

Persistent link: https://www.econbiz.de/10011257249