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On-the-Job Search and Optimal Schooling Under Uncertainty and Irreversibility

Zaharieva, Anna - 2013

This paper develops a labour market model with on-the-job search, match-specific productivity draws and an endogenous irreversible schooling decision. The choice of schooling is modeled as an optimal stopping problem which gives rise to the equilibrium heterogeneity of workers with respect to...

Persistent link: https://www.econbiz.de/10014153748

Distributional Effects of Technological Regime Changes : Hysteresis, Concentration and Inequality Dynamics

Dawid, Herbert; Hepp, Jasper - 2021

In this paper we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by more...

Persistent link: https://www.econbiz.de/10013240383

Repeated Selection with Heterogenous Individuals and Relative Age Effects

Dawid, Herbert - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...

Persistent link: https://www.econbiz.de/10013097722

The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions

Clemens, Christiane - 2013

This paper examines the consequences of international financial integration in a two-sector heterogeneous-agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial market...

Persistent link: https://www.econbiz.de/10013075269

Why Do Migrant Workers Rely More Often on Referrals?

Alaverdyan, Sevak - 2018

Intuitively, one can expect that migrant workers have smaller social networks in the new destination country and by that smaller probability of finding a job through referrals. However, empirical analysis of the SOEP data from 2002 to 2008 show that 41.24% of migrant workers and 31.79% of native...

Persistent link: https://www.econbiz.de/10012924155

Product Innovation With Partial Capacity Rollover

Dawid, Herbert - 2019

homogeneous product. The firms invest in production capacities and simultaneously in R&D which determines their innovation rate … the cannibalization effect gives the smaller firm a higher innovation incentive. As a logical consequence we find that the …

Persistent link: https://www.econbiz.de/10012888955

Does Easy Start-Up Formation Hamper Incumbents' R&D Investment? A Theoretical and Empirical Analysis

Colombo, Luca - 2013

Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory-based insights …

Persistent link: https://www.econbiz.de/10013083680

Complementary Assets, Start-Ups and Incentives to Innovate

Colombo, Luca - 2013

incumbent firms to invest in R&D might be reduced because of the increased danger of knowledge loss occurring through start …

Persistent link: https://www.econbiz.de/10013083685

Product Innovation Incentives by an Incumbent Firm : A Dynamic Analysis

Dawid, Herbert - 2014

We study in a dynamic framework how product innovation activities of a firm are influenced by its production capacity …

Persistent link: https://www.econbiz.de/10013048144

Product Innovation Investment under Bankruptcy Threat

Dawid, Herbert; Ippoliti, R.; Wen, Xingang - 2023

We analyze the effect of external financing and associated bankruptcy threat on the speed of product innovation in a … the R&D investment flow determines the distribution of the stochastic innovation time and the same time influences the … debt in order to speed up innovation. Furthermore, we show that, due to the existence of financial frictions, the …

Persistent link: https://www.econbiz.de/10014355089