Narrow search
Showing 1 - 10 of 2,347
Cover Image
Bonus question : does flexible incentive pay dampen unemployment dynamics?
Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2023
We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first-order equivalent in an economy with flexible incentive pay and...
Persistent link: https://www.econbiz.de/10014390530
Cover Image
An experimental test of career concerns
Koch, Alexander K. (contributor);  … - 2004 - [Elektronische Ressource]
reasonably approximate real-life decision makers' behavior. Testing this theory with field data is difficult since typically …
Persistent link: https://www.econbiz.de/10002501830
Cover Image
Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis
Wildasin, David E. - 2009
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10003901986
Cover Image
Identification of the covariance structure of earnings using the GMM estimator
Doris, Aedín; O'Neill, Donal; Sweetman, Olive B. - 2010
In this paper we study the performance of the GMM estimator in the context of the covariance structure of earnings. Using analytical and Monte Carlo techniques we examine the sensitivity of parameter identification to key features such as panel length, sample size, the degree of persistence of...
Persistent link: https://www.econbiz.de/10003966909
Cover Image
A theory of political entrenchment
Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2012
We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … commit to provide, and therefore may help offsetting a potential future aggregate ideological shock averse to the left … theory for constitutionally legislated term limits is also discussed. The theory sheds light on why left-wing parties or …
Persistent link: https://www.econbiz.de/10009535765
Cover Image
Social interactions and labor market outcomes in cities
Zenou, Yves (contributor) - 2008
We develop a model where information about jobs is essentially obtained through friends and relatives, i.e. strong and weak ties. Workers commute to a business center to work and to interact with other people. We find that housing prices increase with the level of social interactions in the city...
Persistent link: https://www.econbiz.de/10003646730
Cover Image
On the dynamics of interstate migration : migration costs and self-selection
Bayer, Christian (contributor); Juessen, Falko (contributor) - 2008
This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural approach allows us to deal with dynamic self-selection problems that arise from the endogeneity of location choice and the...
Persistent link: https://www.econbiz.de/10003656910
Cover Image
Social change
Greenwood, Jeremy (contributor); Guner, Nezih (contributor) - 2008
A society is characterized by the common attitudes and behavior of its members. Such behavior reflects purposive decision making by individuals, given the environment they live in. Thus, as technology changes, so might social norms. There were big changes in social norms during the 20th century,...
Persistent link: https://www.econbiz.de/10003716525
Cover Image
Dynamic efficiency and pareto optimality in a stochastic OLG model with production and social security
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...
Persistent link: https://www.econbiz.de/10011339089
Cover Image
Stochastic complementarity
Manzini, Paola; Mariotti, Marco; Ülkü, Levent - 2018
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...
Persistent link: https://www.econbiz.de/10011795820