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rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to …Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded … cause large shifts in behavior. Our results illustrate important implications of complexity for designing and regulating …
Persistent link: https://www.econbiz.de/10014311541
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011916540
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
variety of applications. For instance, the automation of low-complexity tasks tends to reinforce labor market segmentation …. Moreover, comparatively small changes in a task's complexity, via new products, processes or automation, may have either a …
Persistent link: https://www.econbiz.de/10012138288
shares, and use this measure to estimate city and activity complexity. Our approach extends discrete measures used in … quality between geographic areas with different sizes. We examine the contribution of relatedness and complexity to urban … dense with related activities. Relatedness and complexity appear to be most relevant for analysing how large, complex cities …
Persistent link: https://www.econbiz.de/10011993231
An empirically founded and widely established driving force in opinion dynamics is homophily i.e. the tendency of "birds of a feather" to "flock together". The closer our opinions are the more likely it is that we will interact and converge. Models using these assumptions are called bounded...
Persistent link: https://www.econbiz.de/10011647658
Traffic jams are an important problem both on an individual and on a societal level and much research has been done on trying to explain their emergence. The mainstream approach to road traffic monitoring is based on crowdsourcing roaming GPS devices such as cars or cell phones. These systems...
Persistent link: https://www.econbiz.de/10011387551
, specificity, and the complexity, are analyzed by using firm level data in Turkey. This study has three main conclusions. As for …
Persistent link: https://www.econbiz.de/10011309151
We analyze the relationship between cognitive ability and bunching in the context of a large and salient kink point of the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and administrative tax records, we find that high-ability individuals...
Persistent link: https://www.econbiz.de/10012201662
In a bold and risky political move the Greek prime minister Alexis Tsipras called for a referendum on June 27 2015 quitting ongoing negotiations with Greece's creditors in Brussels. The referendum framed as a yes or no question asked the Greek voters to decide whether or not they approve or...
Persistent link: https://www.econbiz.de/10011407828