Showing 1 - 10 of 552
We examine the effect of pregnancy and parenthood on the research productivity of academic economists. Combining the … find that motherhood is associated with low research productivity. Nor do we find a statistically significant unconditional … effect of a first child on research productivity. Conditional difference-in-differences estimates, however, suggest that the …
Persistent link: https://www.econbiz.de/10013057642
productivity depends on their age through the build-up of labour market experience and the depreciation of human capital. We make … wisdom following an increase in longevity, depending on the corresponding change in the age-productivity profile …
Persistent link: https://www.econbiz.de/10013021702
This paper analyzes the impact of internet adoption on labor productivity in Peruvian micro and small manufacturing … productivity; (ii) reallocates employment away from temporary administrative workers and non-remunerated workers and expands …
Persistent link: https://www.econbiz.de/10012926543
workers, firms, and occupations with a focus on peer effects in wages rather than productivity. Our estimation strategy … — which links the average permanent productivity of workers’ peers to their wages — circumvents the reflection problem and … contrast, we find larger peer effects, about half the size of those identified in similar studies on productivity …
Persistent link: https://www.econbiz.de/10013315716
So-called activation policies aiming at bringing jobless people into work have been a central component of welfare reforms across OECD countries during the last decades. Such policies combine restrictive and enabling programs, but their characteristic feature is that also enabling programs are...
Persistent link: https://www.econbiz.de/10013315743
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012955279
We determine workforce composition and wages in firms in the presence of productivity spill-overs between co …
Persistent link: https://www.econbiz.de/10013031991
When one firm's strategy affects other firms' value, optimal executive incentives depend on whether shareholders have interests in only one or in multiple firms. Performance-sensitive contracts induce managerial effort to reduce costs, and lower costs induce higher output. Hence, greater...
Persistent link: https://www.econbiz.de/10012854854
We study optimal security design when the issuer and market participants agree to disagree about the characteristics of the asset to be securitized. We show that pooling assets can be optimal because it mitigates the effects of disagreement between issuer and investors, whereas tranching a...
Persistent link: https://www.econbiz.de/10012921214
We reveal motivations of Chinese firms for issuing Seasoned Equity Offerings (SEO) by examining why firms change the use of SEO proceeds and how they use unspecified SEO proceeds. Using 533 SEOs issued by Chinese firms during 1999-2006, we find that firms do not use unspecified SEO proceeds on...
Persistent link: https://www.econbiz.de/10013028525