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Optimal incentive contracts for a worker who envies his boss : presented at CESifo Venice Summer Institute, Workshop on Dissecting Globalization, July 2004
Dur, Robert A. J.; Glazer, Amihai - 2004
A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …
Persistent link: https://www.econbiz.de/10011450877
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Altruism and envy in contests : an evolutionarily stable symbiosis
Konrad, Kai A. - 2002
Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational individuals. If there are only altruists and envious individuals, a particular mixture of altruists and envious individuals is evolutionarily stable.
Persistent link: https://www.econbiz.de/10011514081
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Present-biased envy, inequality, and growth
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2024
We take into account that envy (relative consumption concerns) is more pronounced in the present than in the future. We … exogenous parameters. Agents' preferences exhibit present-biased envy: agents are naive and care about how their consumption … levels compare to that of others in the current period. Our results suggest that present-biased envy affects both the level …
Persistent link: https://www.econbiz.de/10014528209
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The Effects of Longer School Days on Mothers' Labor Force Participation
Berthelon, Matias; Kruger, Diana; Oyarzún, Melanie - 2015
Lack of adequate childcare is a main reason women cite for not participating in the labor force. We investigate the effect of a reform that lengthened school schedules from half to full days in Chile - essentially providing zero-cost childcare - on different maternal labor participation...
Persistent link: https://www.econbiz.de/10011307438
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Labour Demand Research: Towards a Better Match between Better Theory and Better Data
Addison, John T.; Portugal, Pedro; Varejão, José M. - 2014
At first blush, most advances in labour demand were achieved by the late 1980s. Since then progress might appear to have stalled. We argue to the contrary that significant progress has been made in understanding labour market frictions and imperfections, and in modelling search behaviour and...
Persistent link: https://www.econbiz.de/10010352293
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Efficient Supply of Human Capital: Role of College Major
Cho, Sungjin; Kam, Jihye; Lee, Soohyung - 2017
This study examines the extent to which changing the composition of college majors among working-age population may affect the supply of human capital or effective labor supply. We use the South Korean setting, in which the population is rapidly aging, but where, despite their high educational...
Persistent link: https://www.econbiz.de/10011653338
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Socially Useless Jobs
Dur, Robert; van Lent, Max - 2018
It has been claimed that many workers in modern economies think that their job is socially useless, i.e. that it makes no or a negative contribution to society. However, the evidence so far is mainly anecdotal. We use a representative dataset comprising 100,000 workers from 47 countries at four...
Persistent link: https://www.econbiz.de/10011984487
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Monetary Policy, Growth and Employment in Developing Areas: A Review of the Literature
Junankar, Pramod N. (Raja) - 2019
In this paper we review the literature on the impact that monetary policy has on growth and employment in developing countries. Much of the literature focusses on the impact of monetary policy on inflation levels and inflation volatility, and sometimes on output (GDP) levels and volatility of...
Persistent link: https://www.econbiz.de/10012005898
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Working Conditions on Digital Labour Platforms: Evidence from a Leading Labour Supply Economy
Aleksynska, Mariya; Bastrakova, Anastasia; Kharchenko, … - 2019
Online labour platforms matching labour supply and demand are profoundly modifying the world of work. Businesses use them to outsource tasks to a world-wide pool of workers; while workers can access work opportunities transcending national boundaries. Increasingly, workers are located in...
Persistent link: https://www.econbiz.de/10012005946
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Is Personality Endogenous? Evidence from Ireland
Mosca, Irene; Wright, Robert E. - 2018
There is a growing interest in economics in the role played by personality in explaining labour market behaviour. Research to date points to the Big-5 personality traits being a possible determinant of wages and employment. However, most of this research is based on the assumption that...
Persistent link: https://www.econbiz.de/10011873418