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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/10013073605
Economic preferences – like time, risk and social preferences – have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has examined how and when economic preferences...
Persistent link: https://www.econbiz.de/10012920869
This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...
Persistent link: https://www.econbiz.de/10013316382
This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...
Persistent link: https://www.econbiz.de/10005000392
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...
Persistent link: https://www.econbiz.de/10010703423
productivity - enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favor of permanent ones and reduced capital intensity, generating productivity losses. We …
Persistent link: https://www.econbiz.de/10013122251
We use a proprietary data set on the floor-level operations at the Bhilai Rail and Structural Mill (RSM) in India to understand how output rose sharply in response to competitive pressures. Output increases came predominantly from reductions in production delays of various kinds. We model...
Persistent link: https://www.econbiz.de/10013122384
total factor productivity. We exploit time, country, and industry differences in the opening of EU labor markets from 2004 …
Persistent link: https://www.econbiz.de/10012927105
research productivity follows distinct life cycles. Using an encompassing data set portraying the research behavior of German … academic economists, we first show that research productivity crucially depends on career age and vintage. Based on the … research grants. We then go on to investigate the persistence of individual productivity. The Persistence issue is of special …
Persistent link: https://www.econbiz.de/10012780463
While the output of a team is evident, the productivity of each team member is typically not readily identifiable. In … this paper we consider the problem of measuring the productivity of team members. We propose a new concept of coworker … productivity, which we refer to as eigenvalue productivity (EVP). We demonstrate the existence and uniqueness of our concept and …
Persistent link: https://www.econbiz.de/10012944882