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Managers' risk preferences and firm training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...

Persistent link: https://www.econbiz.de/10012820689

The returns to schooling unveiled

Cardoso, Ana Rute; Guimarães, Paulo; Portugal, Pedro; … - 2018

(the employer). We combine data of remarkable quality - exhaustive longitudinal linked employer-employee data on Portugal …

Persistent link: https://www.econbiz.de/10011819808

Risk preferences and training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Obst, Cosima; … - 2020

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...

Persistent link: https://www.econbiz.de/10012306154

Unemployment duration : competing and defective risks

Addison, John T.; Portugal, Pedro - 2001

states, namely, inactivity and employment. The major innovation is our recognition of defective risks. We first use a …

Persistent link: https://www.econbiz.de/10011403396

Why do firms use fixed-term contracts?

Portugal, Pedro; Varejão, José M. - 2009

Temporary forms of employment account for a variable but never trivial share of total employment in both the U.S. and in Europe. In this article we look at how one specific form of temporary employment - employment with fixed-term contracts - fits into employers' hiring policies. We find that...

Persistent link: https://www.econbiz.de/10003894789

The catalysing role of in-house R&D in fostering the complementarity of innovative inputs

Catozzella, Alessandra (contributor); … - 2007

innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation internal and external R&D, embodied and disembodied … complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …

Persistent link: https://www.econbiz.de/10003578892

The skills of female immigrants to Australia, Canada, and the United States

Antecol, Heather; Cobb-Clark, Deborah A.; Trejo, Stephen J. - 2001

Census data for 1990/91 indicate that Australian and Canadian female immigrants appear to have higher levels of English fluency, education, and income (relative to natives) than do U.S. female immigrants. This skill deficit for U.S. female immigrants arises in large part because the United...

Persistent link: https://www.econbiz.de/10011561573

Beyond additionality : are innovation subsidies counterproductive?

Catozzella, Alessandra; Vivarelli, Marco - 2011

two (input and output) dimensions of innovation into a unique efficiency perspective. To this aim, the impact of public … sample of firm-level data drawn from the third Italian Community Innovation Survey (CIS). A bivariate endogenous switching … the innovation subsidy; far from "doing better" as a result of government intervention, supported firms appear to exhaust …

Persistent link: https://www.econbiz.de/10009307328