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Gift-Exchange, Incentives, and Heterogeneous Workers
Non, Arjan - 2011
By incorporating reciprocity in an otherwise standard principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some, but not all, workers care more for their principal when they are convinced that...
Persistent link: https://www.econbiz.de/10013121201
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A Signaling Model of University Selection
Anic, Ivan; Bozin, Vladimir; Urosevic, Branko - 2021
We propose a signaling model of student enrollment dynamics based on probabilities of completion of studies, under …
Persistent link: https://www.econbiz.de/10013315508
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Two-Way Migration between Similar Countries
Kreickemeier, Udo - 2015
We develop a model to explain two-way migration of high-skilled individuals between countries that are similar in their economic characteristics. High-skilled migration results from the combination of workers whose abilities are private knowledge, and a production technology that gives...
Persistent link: https://www.econbiz.de/10013010487
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The Information Value of Central School Exams
Schwerdt, Guido - 2015
The central vs. local nature of high-school exit exam systems can have important repercussions on the labor market. By increasing the informational content of grades, central exams may improve the sorting of students by productivity. To test this, we exploit the unique German setting where...
Persistent link: https://www.econbiz.de/10013020502
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Human Capital, Signaling, and Employer Learning. What Insights Do We Gain from Regression Discontinuity Designs
Graetz, Georg - 2018
similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value … of a diploma. A positive information value arises if employers, unable to observe the test score that determines diploma … information value regardless of whether workers' productivity is solely determined by acquisition of knowledge and skills through …
Persistent link: https://www.econbiz.de/10012929537
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Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans
Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2021
whether the signalling value differs between the migrants and non-migrants in the German labour market. Starting from the …
Persistent link: https://www.econbiz.de/10013316355
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Worker Characteristics and Wage Differentials : Evidence from a Gift-Exchange Experiment
Englmaier, Florian - 2011
measures of workers' productivity and trustworthiness and make this information available to potential employers. Our data show …
Persistent link: https://www.econbiz.de/10013118359
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Workfare, Monitoring, and Efficiency Wages
Holzner, Christian - 2006
The impact of a stronger work requirement for welfare recipients in a workfare program is studied in an efficiency wage model where a representative firm chooses its level of monitoring activities. A stricter workfare policy raises employment and monitoring activities. It typically increases...
Persistent link: https://www.econbiz.de/10012779786
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Outsourcing of Unionized Firms and the Impacts of Labour Market Policy Reforms
Koskela, Erkki - 2008
This paper shows that outsourcing of parts of the workforce in unionized firms leads to wage moderation and as long as the share of the outsourced workforce is not too large, this wage moderation effect on domestic employment outweighs the direct substitution effect so that domestic employment...
Persistent link: https://www.econbiz.de/10012770785
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A Competitive Model of Worker Replacement and Wage Rigidity
Snell, Andy - 2014
We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...
Persistent link: https://www.econbiz.de/10013058504