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Design choices for central bank digital currency: policy and technical considerations
Allen, Sarah; Capkun, Srdjan; Eyal, Ittay; Fanti, Giulia; … - 2020
Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...
Persistent link: https://www.econbiz.de/10012256941
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Gender homophily in referral networks : consequences for the medicare physician earnings gap
Zeltzer, Dan - 2017
referrals, I provide robust evidence that doctors refer more to specialists of their same gender, a tendency known as homophily … receive referrals. I show that biased referrals are predominantly driven by physicians' decisions rather than by endogenous … biased referrals generate a 5% lower demand for female relative to male specialists, pointing to a positive externality for …
Persistent link: https://www.econbiz.de/10011776039
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Learning through coworker referrals
Glitz, Albrecht; Vejlin, Rune Majlund - 2019
In this paper, we study the role of coworker referrals for labor market outcomes. Using comprehensive Danish … into the same establishments and provide evidence that these mobility patterns are likely driven by coworker referrals …
Persistent link: https://www.econbiz.de/10011997660
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Network sorting and labor market outcomes: evidence from the chaotic dispersal of the Viet Kieu
Parsons, Christopher; Reysenbach, Tyler; Wahba, Jackline - 2020
Immigrants' social networks exert considerable influence over their labor market opportunities and yet the pre …-existing networks of co-nationals, to causally identify the effects of network size and network quality on refugees': occupational … interpretation of which is that the type of referrals network members receive are more important than the overall number of referrals …
Persistent link: https://www.econbiz.de/10012389046
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Uncovering the mechanism(s): financial constraints and wages
Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020
How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment and explore their effect on wages. First, the financial...
Persistent link: https://www.econbiz.de/10012389827
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Search and retirement under asymmetric information
Bi, Sheng; Langot, François - 2014
We consider a labor market where the competitive search equilibrium is inefficient due to asymmetrical information. At the time when firms commit to specific hiring costs, workers hold private information on their intention of entering into retirement before the termination of the contract. When...
Persistent link: https://www.econbiz.de/10010379224
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Information and racial exclusion
Lundberg, Shelly (contributor); Startz, Richard (contributor) - 2004 - [Elektronische Ressource]
This paper presents several economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to transactions...
Persistent link: https://www.econbiz.de/10002485567
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Information, intermediaries, and international migration
Bazzi, Samuel; Cameron, Lisa Ann; Schaner, Simone; … - 2021
Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial in Indonesia to explore how information about...
Persistent link: https://www.econbiz.de/10012795404
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Informal search, bad search? : the effects of job search method on wages among rural migrants in urban China
Chen, Yuanyuan; Wang, Le; Zhang, Min - 2017
The use of informal job search method is prevalent in many countries. There is, however, no consensus in the literature on whether it actually matters for wages, and if it does, what are the underlying mechanisms. We empirically examine these issues specifically for rural migrants in urban...
Persistent link: https://www.econbiz.de/10011735917
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Competitive search with private information : can price signal quality?
Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2024
This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...
Persistent link: https://www.econbiz.de/10015050844