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Asymmetric Information Renders Minimum Wages Less Harmful

Schöb, Ronnie - 2009

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information

Persistent link: https://www.econbiz.de/10013160522

Educational and Wage Risk : Social Insurance vs. Quality of Education

Schindler, Dirk; Weigert, Benjamin - 2021

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10013316416

Birthplace Diversity and Productivity Spill-Overs in Firms

Böheim, René - 2015

We determine workforce composition and wages in firms in the presence of productivity spill-overs between co …-workers. In equilibrium, workers' wages depend on the production structure of firms, own group size, and aggregate workforce … positive effect of workforce diversity and a negative effect of own group size on wages, which suggest that workers of …

Persistent link: https://www.econbiz.de/10013031991

A novel modeling framework for quantifying spatial spillovers on total factor productivity growth and its components

Skevas, Ioannis - In: American journal of agricultural economics 105 (2023) 4, pp. 1221-1247

Persistent link: https://www.econbiz.de/10014364357

Offshoring and Skill-Upgrading in French Manufacturing : A Heckscher-Ohlin Melitz View

Carluccio, Juan - 2015

fixed offshoring costs. In the skill-abundant country, high-productivity firms offshore a larger range of labor …-intensive inputs to the labor-abundant countries than low-productivity firms. Differently from the traditional versions of factor … intensity across firms that is positively correlated with firm productivity. Using French firm-level data for the years 1996 to …

Persistent link: https://www.econbiz.de/10013012534

Optimal Taxation of Risky Human Capital

Jacobs, Bas - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....

Persistent link: https://www.econbiz.de/10012765194

Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Jacobs, Bas - 2008

This paper bolsters Prescott's (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...

Persistent link: https://www.econbiz.de/10012772137

Optimal Taxation of Human Capital and the Earnings Function

Jacobs, Bas; Bovenberg, A. Lans - 2021

This paper explores how the specification of the earnings function impacts the optimal tax treatment of human capital. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply. However, if most of the education is enjoyed by high...

Persistent link: https://www.econbiz.de/10013316559

Implicit vs. Explicit Incentives : Theory and a Case Study

Demougin, Dominique - 2009

We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...

Persistent link: https://www.econbiz.de/10013159705

Individual and cooperative management of invasive species in human-mediated landscapes

Epanchin-Niell, Rebecca S.; Wilen, James Elmore - In: American journal of agricultural economics 97 (2015) 1, pp. 180-198

Persistent link: https://www.econbiz.de/10011294245

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