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Delegating recruitment under asymmetric information

Sengupta, Sarbajit - 2002

seniors will not deliberately choose bad candidates if the only information asymmetry between the owner and the recruiter … information asymmetry between the owner and the senior employee regarding additional aspects of firm operations, however, moral …

Persistent link: https://www.econbiz.de/10011514022

Time limits on welfare use under involuntary unemployment

Holzner, Christian; Meier, Volker; Werding, Martin - 2004

The impacts of introducing or tightening time limits on welfare use are studied in an efficiency wage model. Those losing access to regular benefits receive some smaller benefit, which can be interpreted as food stamps. Stricter time limits raise both employment and profits and generally reduce...

Persistent link: https://www.econbiz.de/10011449595

Overwhelmed by routine tasks : a multi-tasking principal agent perspective

Demougin, Dominique; Helm, Carsten - 2022

We analyze a multitasking model with a verifiable routine task and a skill-dependent activity characterized by moral hazard. Contracts negotiated by firm/employee pairs follow from Nash bargaining. High- and low-skilled employees specialize, intermediate productivity employees perform both...

Persistent link: https://www.econbiz.de/10013201713

An efficiency-wage model with habit concerns about wages

Goerke, Laszlo - 2020

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...

Persistent link: https://www.econbiz.de/10012245105

Short-time work subsidies in a matching model

Meier, Volker - 2018

demand and reduced working hours so as to stabilize workers' income. In a matching framework such an arrangement increases …

Persistent link: https://www.econbiz.de/10011924471

Self-confidence and reactions to subjective performance evaluations

Bellemare, Charles; Sebald, Alexander - 2018

Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers' level of self-confidence...

Persistent link: https://www.econbiz.de/10011927889

How "Chicagoan" are Gary Becker's economic models of marriage?

Grossbard-Shechtman, Shoshana - 2009

This paper describes Gary Becker's theoretical models of marriage. At the micro-level, these are all rational choice models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as taught by Marshall and Friedman and optimal sorting...

Persistent link: https://www.econbiz.de/10003850161

Cyclical unemployment, structural unemployment

Diamond, Peter A. - 2013

unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

Persistent link: https://www.econbiz.de/10009707552

The short and the long of it : stock-flow matching in the US housing market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …

Persistent link: https://www.econbiz.de/10013419282

Risk taking, limited liability and the competition of bank regulators

Sinn, Hans-Werner - 2001

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank … competition is likely to suffer from the same type of information asymmetry which induced the private market failure and which …

Persistent link: https://www.econbiz.de/10011400902