Showing 1 - 10 of 160
In July 2004, the Belgian government intensified monitoring within the Unemployment Insurance scheme. Workers claiming unemployment benefits for more than 13 months are notified that past job-search behavior will be monitored 8 months later. In one region the target group is counselled shortly...
Persistent link: https://www.econbiz.de/10013316984
Rewards to prevent supervisors from accepting bribes create incentives for extortion. This raises the question whether a supervisor who can engage in bribery and extortion can still be useful in providing incentives. By highlighting the role of team work in forging information, we present a...
Persistent link: https://www.econbiz.de/10013317102
Companies typically control various aspects of their workers’ behaviors. In this paper, we investigate whether the … hierarchical distance of the superior who imposes such control measures matters for the workers’ ensuing reaction. In particular …, we test, in a laboratory experiment, whether potential negative behavioral reactions to imposed control are larger when …
Persistent link: https://www.econbiz.de/10014082243
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659
This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) that have been influential in recent policy discussions. It notes potentially important features of the real- world environment that the standard models do not incorporate and discusses reasons why...
Persistent link: https://www.econbiz.de/10012833728
We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed economies over the 2001-2018 period, while accounting for model uncertainty and reverse causality. On the one hand, we find, that a number of determinants, well established in the...
Persistent link: https://www.econbiz.de/10014237624
The incorporation of increasing returns and imperfect competition into applied general-equilibrium (AGE) models, beginning with Harris (1984), led to much larger welfare effects from changes such as trade liberalization. But the imperfect competition side of these IO developments has often...
Persistent link: https://www.econbiz.de/10014357511
In this paper, we zoom in on the firm level of German merchandise foreign trade, using a novel data base with information on the export and import value by firm, country, product and year for the period 2011-2019. Problems arising from the consolidated reporting of taxable entities and the...
Persistent link: https://www.econbiz.de/10014347018
can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …
Persistent link: https://www.econbiz.de/10010276146
even if the risk-free asset return is correlated with other risky assets' returns. However, equivalence fails to hold on an …
Persistent link: https://www.econbiz.de/10010276147