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We investigate the economic relevance and the composition of gifts within a firm where output is contractible. We develop a structural econometric model that identifies workers' optimal reaction to monetary gifts received from their employer. We estimate the model using data from two separate...
Persistent link: https://www.econbiz.de/10003879373
We present results from a field experiment testing the gift-exchange hypothesis inside a tree-planting firm paying its workforce incentive contracts. Firm managers told a crew of tree planters they would receive a pay raise for one day as a result of a surplus not attributable to past planting...
Persistent link: https://www.econbiz.de/10003540704
Agents operating in illegal markets cannot resort to the justice system to guarantee property rights, to enforce contracts, or to seek protection from competitors' improper behaviors. In these contexts, violence is used to enforce previous agreements and to fight for market share. This...
Persistent link: https://www.econbiz.de/10009379661
In this paper we propose the use of machine learning methods to estimate inequality of opportunity. We illustrate how our proposed methods - conditional inference regression trees and forests - represent a substantial improvement over existing estimation approaches. First, they reduce the risk...
Persistent link: https://www.econbiz.de/10012609240
squares random forest allows one to investigate local heterogenous effects that cannot be investigated using ordinary 2SLS. …
Persistent link: https://www.econbiz.de/10012269068
squares random forest allows one to investigate local heterogenous effects that cannot be investigated using ordinary 2SLS. …
Persistent link: https://www.econbiz.de/10012424219
We investigate the finite sample performance of causal machine learning estimators for heterogeneous causal effects at different aggregation levels. We employ an Empirical Monte Carlo Study that relies on arguably realistic data generation processes (DGPs) based on actual data. We consider 24...
Persistent link: https://www.econbiz.de/10011958919
This study employs six Machine Learning methods - Logit, Lasso-Logit, Ridge-Logit, Random Forest, Extreme Gradient … assess monetary savings through targeted interventions. We find that Random Forest and an Ensemble method are most effective …
Persistent link: https://www.econbiz.de/10014545133
Since the 1950's, the Muslim population in Sweden has grown from just a few individuals to approximately 350,000 of …
Persistent link: https://www.econbiz.de/10003635292
Research on the economic or labor market assimilation of immigrants has to date focused on the degree of improvement in their economic status with duration in the destination. This pattern has been found for all the immigrant receiving countries, time periods and data sets that have been...
Persistent link: https://www.econbiz.de/10003726800