Showing 1 - 10 of 103
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012033224
What is the appropriate lump-sum compensation for loss of work income in personal injury cases? Since generally future work income is not known with certainty, compensation for its loss must be based on statistical considerations. Typically, courts have based awards on mean or median work...
Persistent link: https://www.econbiz.de/10011688166
Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question – especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...
Persistent link: https://www.econbiz.de/10012392177
Recruitment behavior is important for the matching process in the labor market. Using unique linked survey …-administrative data, we explore the relationships between hiring and recruitment policies. Faster hiring goes along with higher search … directed search model in which firms use different recruitment margins in response to productivity shocks. The calibrated model …
Persistent link: https://www.econbiz.de/10012219357
seekers and firms behave during the recruitment process. In this paper we identify new patterns about the recruitment … planned search period and decreases thereafter, why most applicants arrive early in the recruitment process, and why the …
Persistent link: https://www.econbiz.de/10011922087
ensure stability of participation rates, regular sample recruitment is indispensable. Does the dispatch method matter for …
Persistent link: https://www.econbiz.de/10012249212
Recruitment is often delegated to senior employees. Delegated recruitment, however, is vulnerable to moral hazard … relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed … seniority to the senior employee is neither always desirable for the owner nor necessary to ensure good recruitment. If there is …
Persistent link: https://www.econbiz.de/10011514022
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset....
Persistent link: https://www.econbiz.de/10011434566
A large literature suggests that the expected equity risk premium is countercyclical. Using a variety of different measures for this risk premium, we document that it also exhibits growth asymmetry, i.e. the risk premium rises sharply in recessions and declines much more gradually during the...
Persistent link: https://www.econbiz.de/10012129784
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10011587532