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Meisner, Vincent; Wangenheim, Jonas von - 2021

Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...

Persistent link: https://www.econbiz.de/10012698801

Immigration and worker-firm matching

Orefice, Gianluca; Peri, Giovanni - 2020

The process of matching between firms and workers is an important mechanism in determining the distribution of wages … association of firm-worker matches known as positive assortative matching (PAM). Immigration in a local labor market, by … that the increased degree of positive assortative matching is mainly reached by high-productive firms "losing" lower …

Persistent link: https://www.econbiz.de/10012194409

Optimal pricing and endogenous herding

Bose, Subir; Orosel, Gerhard O.; Vesterlund, Lise - 2002

We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers make their purchasing decisions sequentially, and rely on a private signal as well as We consider a monopolist who sells identical objects of common but previous buyers actions...

Persistent link: https://www.econbiz.de/10011409979

Testing contract theory : a survey of some recent work

Chiappori, Pierre-André; Salanié, Bernard - 2002

While the theoretical literature on contracts has been enormous since the seventies, empirical tests of the theory have long remained scarce. However, new empirical work has been developed in the last ten years that sheds light on the empirical validation of the theory. This paper aims at...

Persistent link: https://www.econbiz.de/10011410242

Voluntary public unemployment insurance

Parsons, Donald O.; Tranæs, Torben; Lilleør, Helene Bie - 2003

Voluntary public unemployment systems are limited to a handful of countries, including Finland, Sweden, and, more substantially, Denmark. A voluntary system has the positive feature of other user-cost schemes, potentially efficient targeting of services. This presumes rational behavior as well...

Persistent link: https://www.econbiz.de/10011509374

EVA and the controllability-congruence trade-off : an empirical investigation

Ponssard, Jean-Pierre; Larmande, François - 2004

Incentives theory suggests that compensation schemes should be analyzed along two dimensions: controllability and congruence. Most schemes cannot satisfy both criteria at once. EVA bonus schemes, a major managerial innovation of the 90's, favor the congruence criterion. This paper questions ist...

Persistent link: https://www.econbiz.de/10011450490

Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978-93

Ilmakunnas, Pekka; Kanniainen, Vesa - 2000

We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and labor risk is found to be statistically significant and...

Persistent link: https://www.econbiz.de/10009781637

Reservation wages and labor supply

Kesternich, Iris; Schumacher, Heiner; Siflinger, Bettina; … - 2020

Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...

Persistent link: https://www.econbiz.de/10012226766

Optimal use of labor market policies : the role of job search assistance

Wunsch, Conny - 2009

This paper studies the role of job search assistance programs in optimal welfare-to-work programs. The analysis is based on a framework, that allows for endogenous choice of benefit types and levels, wage taxes or subsidies, and activation measures such as monitoring and job search assistance...

Persistent link: https://www.econbiz.de/10003923505

Taxation and parental time allocation under different assumptions on altruism

Casarico, Alessandra; Sommacal, Alessandro - 2014

In this paper we develop an overlapping generations model in which child care matters for human capital accumulation. We investigate whether an increase in labor supply brought about by a reduction in taxes is always associated with a reduction in parental time devoted to children, which...

Persistent link: https://www.econbiz.de/10010256101