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discovered that they are not intrinsically motivated for the job discontinue employment with the principal. Our key findings are …
Persistent link: https://www.econbiz.de/10010224783
This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … employment has been growing by 2 percent in the period 2017-2023, of which 1.8 percent has been due to additional workers finding …
Persistent link: https://www.econbiz.de/10014541860
estimating employment and earnings responses to benefit cuts. Reassessment of DI entitlement under more stringent criteria … removed 14.4 percent of recipients from the program and reduced benefits by 20 percent, on average. In response, employment …
Persistent link: https://www.econbiz.de/10011807763
. These studies have typically estimated the return to education in terms of changes in wages rather than employment …, effectively ignoring the fact that trade liberalization affects not only wages but also employment opportunities. In this paper we … trade liberalization on the return to education taking into account both changes in wages and employment. The results show …
Persistent link: https://www.econbiz.de/10011386195
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...
Persistent link: https://www.econbiz.de/10011335185
Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting … wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …
Persistent link: https://www.econbiz.de/10011378868
This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...
Persistent link: https://www.econbiz.de/10011327829
This paper investigates whether observed executive compensation contracts are designed to provide risk-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence between firm risk and managerial incentives. We calibrate the...
Persistent link: https://www.econbiz.de/10011378949
Persistent link: https://www.econbiz.de/10009720721
In this paper we derive a structural measure for labor market density based on the Ellison and Glasear (1997) "Index for industry concentration". This labor market density measure serves as a proxy for the number of workers that can reach a certain work area within a reasonal amount of traveling...
Persistent link: https://www.econbiz.de/10011303301