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Long-term employment relations when agents are present biased

Englmaier, Florian; Fahn, Matthias; Schwarz, Marco A. - 2016

We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The …

Persistent link: https://www.econbiz.de/10011557767

A matter of perspective : how experience shapes preferences for redistribution

Cassar, Lea; Klein, Arnd Heinrich - 2017

-selection into different outcomes of the tournament and can be explained by in- or out-group bias and a self-serving bias in …

Persistent link: https://www.econbiz.de/10011588059

Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

We measure individual bias in labor market expectations in German survey data and find that workers on average … pessimistic than West Germans. We find a significantly negative relationship between the pessimistic bias in job separation … expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and …

Persistent link: https://www.econbiz.de/10014247564

Disentangling managerial incentives from a dynamic perspective : the role of stock grants

Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016

We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...

Persistent link: https://www.econbiz.de/10011538964

Competition for promotion can induce household specialization between equally competitive spouses

Bastani, Spencer; Dickmanns, Lisa; Giebe, Thomas; … - 2022

We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...

Persistent link: https://www.econbiz.de/10013168051

Contests as selection mechanisms : the impact of risk aversion

March, Christoph; Sahm, Marco - 2017

We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a...

Persistent link: https://www.econbiz.de/10011700456

Overconfidence and gender equality in the labor market

Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2023

Gender differences in overconfidence have been extensively documented in the empirical literature, but the implications for labor market outcomes are not well understood. In this paper, we analyze how men's relatively higher overconfidence, combined with competitive job incentives, affects...

Persistent link: https://www.econbiz.de/10014249676

Competition and career advancement

Johnsen, Julian; Ku, Hyejin; Salvanes, Kjell G. - 2023

In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers' career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such implicit...

Persistent link: https://www.econbiz.de/10014319662

Education, lack of complementary investment and underemployment in an open economy

Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021

In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and also how skill formation or education affects...

Persistent link: https://www.econbiz.de/10012612938

The circular economy

Fullerton, Don - 2024

Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...

Persistent link: https://www.econbiz.de/10014529224

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