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Labor and financial market interactions : the case of labor income risk and car insurance in the UK 1969-95
Koeniger, Winfried - 2001
demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk …
Persistent link: https://www.econbiz.de/10011339678
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Sutter, Matthias - 2019
. Men also increase their willingness to enter competition in the presence of ambiguity. Overall, both effects contribute to …
Persistent link: https://www.econbiz.de/10012015779
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When banana import restrictions lead to exports : a tale of cyclones and quarantine policies
Chia Chiun Ko; Frijters, Paul - 2014
of the banana plants because of sufficiently low elasticity of demand. Using the cyclones of 2006 and 2011 as exogenous … events, we identify the elasticity of demand for bananas in Australia to be around -0.5. We indeed find limited evidence for …
Persistent link: https://www.econbiz.de/10010250023
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Did the national minimum wage affect UK prices?
Wadsworth, Jonathan - 2009
One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects of the introduction and subsequent uprating of the...
Persistent link: https://www.econbiz.de/10003900009
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Firm dynamics with frictional product and labor markets
Kaas, Leo; Kimasa, Bihemo - 2018
shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …
Persistent link: https://www.econbiz.de/10011896893
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The complexity of economic policy : I. Restricted local optima in tax policy design
Saint-Paul, Gilles - 2002
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10011411222
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A simple, analytically solvable Chamberlinian agglomeration model
Pflüger, Michael - 2001
This paper presents a simple, analytically solvable Chamberlinian agglomeration model. As in the canonical core-periphery (CP) model, two agglomerative forces are at work. However, the present model exhibits a "pitchfork bifurcation" rather than the "tomahawk bifurcation" of the CP model.
Persistent link: https://www.econbiz.de/10011403753
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Social networks
Martí, Joan de; Zenou, Yves - 2009
We survey the literature on social networks by putting together the economics, sociological and physics/applied mathematics approaches, showing their similarities and differences. We expose, in particular, the two main ways of modeling network formation. While the physics/applied mathematics...
Persistent link: https://www.econbiz.de/10003925546
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Linking individuals and societies
Jasso, Guillermina - 2009
How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science - population and variable. Starting with the simplest case...
Persistent link: https://www.econbiz.de/10003872719
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Simultaneous search with heterogeneous firms and ex post competition
Gautier, Pieter (contributor);  … - 2006
We study a search model where workers can send multiple applications to high and low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that there is a unique equilibrium where workers mix between sending both applications...
Persistent link: https://www.econbiz.de/10003301669