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How Do Employers Use Compensation History? : Evidence from a Field Experiment
Barach, Moshe - 2017
We report the results of a field experiment in which treated employers could not observe the compensation history of their job applicants. Treated employers responded by evaluating more applicants, and evaluating those applicants more intensively. They also responded by changing what kind of...
Persistent link: https://www.econbiz.de/10012950302
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Informational Requirements of Nudging
Benkert, Jean-Michel - 2015
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...
Persistent link: https://www.econbiz.de/10013023118
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Information Aggregation in Democratic Mechanisms
Britz, Volker - 2016
We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...
Persistent link: https://www.econbiz.de/10012994342
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On the Optimal Use of Correlated Information in Contractual Design Under Limited Liability
Danau, Daniel - 2018
Riordan and Sappington (JET, 1988) show that in an agency relationship in which the agent's type is correlated with a public ex post signal, the principal may attain first best (full surplus extraction and efficient output levels) if the agent is faced with a lottery such that each type is...
Persistent link: https://www.econbiz.de/10012917515
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Optimal Revelation of Life-Changing Information
Schweizer, Nikolaus; Szech, Nora - 2021
Information about the future may be instrumentally useful, yet scary. For example, many patients shy away from precise genetic tests about their dispositions for severe diseases. They are afraid that a bad test result could render them desperate due to anticipatory feelings. We show that...
Persistent link: https://www.econbiz.de/10013315497
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Wages and Recruitment : Evidence from External Wage Changes
Falch, Torberg - 2013
This paper estimates the causal effect of the wage on the recruitment rate at the establishment level. During the 1990s … schools with severe recruitment problems in the past and located in one specific region. The empirical approach exploits … for teachers. In a difference-in-differences framework, I find that the wage premium increased the recruitment rate by 6 …
Persistent link: https://www.econbiz.de/10013087721
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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
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Voting in Hiring Committees : Which 'Almost' Rule is Optimal?
Baharad, Eyal - 2018
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the...
Persistent link: https://www.econbiz.de/10012924991
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Changing Identity : Retiring from Unemployment
Hetschko, Clemens - 2011
economic theory of individual utility …
Persistent link: https://www.econbiz.de/10013121822
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Life Cycle and Cohort Productivity in Economic Research : The Case of Germany
Rauber, Michael - 2009
We examine the research productivity of German academic economists over their life cycles. It turns out that the career-patterns of research productivity as measured by journal publications are characterized by marked cohort effects. Moreover, the life-cycles of younger German economists are...
Persistent link: https://www.econbiz.de/10012766974