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Higher-order beliefs and risky asset holdings
Gorodnichenko, Yuriy; Yin, Xiao - 2024
We combine a customized survey and randomized controlled trial (RCT) to study the effect of higher-order beliefs on U.S. retail investors' portfolio allocations. We find that investors' higher-order beliefs about stock market returns are correlated with but distinct from their first-order...
Persistent link: https://www.econbiz.de/10014580789
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The measurement of child costs : a rothbarth-type method consistent with scale economies
Bargain, Olivier; Donni, Olivier - 2009
We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...
Persistent link: https://www.econbiz.de/10003931950
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The measurement of child costs : evidence from Ireland
Bargain, Olivier; Donni, Olivier; Gbakou, Monnet - 2009
We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)’s sense. A practical...
Persistent link: https://www.econbiz.de/10003932408
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Outsourcing cost and tax progression under Nash wage bargaining with flexible outsourcing
Koskela, Erkki - 2010
It is analyzed the impacts of outsourcing cost and wage tax progression under labor market imperfections with Nash wage bargaining and flexible outsourcing. With sufficiently strong (weak) labor market imperfection, lower outsourcing cost has a wage-moderating (wageincreasing) effect so that...
Persistent link: https://www.econbiz.de/10008779917
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High relocation costs in search-matching models : theory and application to spatial mismatch
Zenou, Yves (contributor) - 2007
We develop a standard search-matching model in which mobility costs are so high that it is too costly for workers to … and commuting costs because firms need to compensate the transportation cost difference between the employed and …
Persistent link: https://www.econbiz.de/10003580850
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Performance pay, sorting, and outsourcing
Henneberger, Fred (contributor);  … - 2007
Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms …
Persistent link: https://www.econbiz.de/10003539338
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
macroeconomic volatilities. In our subsequent empirical estimations, we find that higher labor turnover costs have a statistically … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …
Persistent link: https://www.econbiz.de/10003961662
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Addressing the legacy costs in an NDC reform : conceptualization, measurement, financing
Holzmann, Robert; Jousten, Alain - 2010
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be … NDC reform in China. -- legacy costs ; pension reform ; NDC ; coverage expansion …
Persistent link: https://www.econbiz.de/10009156100
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Monitoring costs, credit constraints and entrepreneurship
Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
paper, we show that frictions in the labour market leading to monitoring costs tend to reduce the growth of the firm via two … to both frictions in the credit and labour markets. -- entrepreneurship ; monitoring costs ; credit constraint …
Persistent link: https://www.econbiz.de/10009548201
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One way the demand for labor may adapt to the availability of labor
Duleep, Harriet Orcutt - 2012
This paper presents and tests a model that may partially explain why the demand for labor adapts to the availability of labor. In particular, I postulate that the cost of hiring declines with increases in the amount of labor available. The cost of hiring would decrease with a growth in available...
Persistent link: https://www.econbiz.de/10009558990