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Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10011307884
This paper empirically examines firm owners' gender difference in labor demand. We estimate the average treatment effect (ATE) of female ownership on employment of the firm using the 2007 Survey of Business Owners (SBO) Public Use Micro Sample (PUMS), provided by the U.S. Census Bureau. Because...
Persistent link: https://www.econbiz.de/10013448436
reassignments of certain student groups into new peer groups, we also explore the reasons why herding occurs. The preponderance of … evidence suggests that social learning, as opposed to network externalities, is the key driver for herding behavior. …
Persistent link: https://www.econbiz.de/10012519264
externality can nevertheless mitigate the resulting distortion. The reason is that wages above the market clearing level are only …
Persistent link: https://www.econbiz.de/10009763210
job centers. In a decentralized economy job-seekers do not internalize a composition externality they impose on all the …
Persistent link: https://www.econbiz.de/10010228787
Training funds are used to incentivize training in developing countries, but the funds are based on payroll taxes that lower the return to training. In the absence of training funds, larger, high-wage and more capital intensive firms are the most likely to offer training unless they are...
Persistent link: https://www.econbiz.de/10010469676
Travel restrictions are often imposed to limit the spread of infectious diseases. As uniform restrictions can be inefficient and incur unnecessarily high costs, this paper examines the optimal design of restrictions that target specific travel routes. We propose a model with trade-offs between...
Persistent link: https://www.econbiz.de/10013198844
In May 2018, Scotland introduced a minimum unit price on alcohol. We examine the impact of this policy on traffic fatalities and drunk driving accidents. Using administrative data on the universe of vehicle collisions in Britain and a range of quasi-experimental modeling approaches, we do not...
Persistent link: https://www.econbiz.de/10013191644
magnitudes. I estimate social and externality benefits of influenza vaccination in two settings. First, using a natural … examine a setting with large potential externality benefits: vaccination mandates for health care workers. I find that the … social benefits of vaccination are substantial, most of benefits operate through an externality, and that the benefits of …
Persistent link: https://www.econbiz.de/10012060585
The presence of a heavy truck on the road can impose an externality if accidents occur that would not have otherwise … the road. This negative externality falls on all road users through higher car insurance premiums: one truck, driving for …
Persistent link: https://www.econbiz.de/10011731933