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Anonymity, efficiency wages and technological progress

Broadberry, Stephen N.; Ghosal, Sayantan; Proto, Eugenio - 2015

Although the Industrial Revolution is often characterized as the culmination of a process of commercialisation, the precise nature of such a link remains unclear. This paper models and analyzes such link: the role of commercialisation in raising efficiency wages as impersonal and anonymous...

Persistent link: https://www.econbiz.de/10010470884

Multi-task learning and the reorganization of work : from Tayloristic to holistic organization

Lindbeck, Assar; Snower, Dennis J. - 1999

The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristic" organization of work (characterized by significant specialization by tasks) to a "holistic" organization (featuring job rotation, integration of tasks...

Persistent link: https://www.econbiz.de/10011294704

IC technology and learning : an impact evaluation of cl ssi2.0

Checchi, Daniele; Rettore, Enrico; Girardi, Silvia - 2015

In this paper we present a counterfactual evaluation of the effect of ICT resources at school on student achievements conducted in Italy. In 2009 156 classes at 6th grade were endowed with additional resources earmarked for purchasing ICT equipments only. By selecting an equivalent number of...

Persistent link: https://www.econbiz.de/10010510702

Supply theory sans profit-maximization

Dasgupta, Indraneel - 2009

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …

Persistent link: https://www.econbiz.de/10003810898

The economics of migrants' remittances

Rapoport, Hillel (contributor); … - 2005

This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the micro level we first present in a fully harmonized...

Persistent link: https://www.econbiz.de/10002693330

Job market signaling and employer learning

Alós-Ferrer, Carlos (contributor); Prat, Julien (contributor) - 2008

This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive...

Persistent link: https://www.econbiz.de/10003652697

The speed of employer learning and job market signaling revisited

Habermalz, Steffen (contributor) - 2006

This paper discusses the claim made in Altonji and Pierret (1997) and Lange (2005) that a high speed of employer learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original model and then evaluated in a simple extension of a...

Persistent link: https://www.econbiz.de/10003469479

The rate of learning-by-doing : estimates from a search-matching model

Prat, Julien (contributor) - 2007

We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning-by-doing....

Persistent link: https://www.econbiz.de/10003592014

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. (contributor) - 2008

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10003688797

Exploring the causes of frictional wage dispersion

Tjaden, Volker; Wellschmied, Felix - 2012

Standard search models are unreliable for structural inference of the underlying sources of wage inequality because they are inconsistent with observed residual wage dispersion. We address this issue by modeling skill development and duration dependence in unemployment benefits in a random on...

Persistent link: https://www.econbiz.de/10009530289

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