Showing 1 - 10 of 547
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
Group identity is known to exert a powerful socio-psychological influence on behaviour but to date has been largely explored as a uni-dimensional phenomenon. We consider the role of multiple dimensions of identity, asking what might happen to ingroup and outgroup perceptions and the resulting...
Persistent link: https://www.econbiz.de/10012619799
Populous communities often prefer more government involvement than less populous communities, but does community size per se affect citizens' preferences for government? Endogeneity commonly prevents testing for causal effects because (i) people can select into communities while (ii) government...
Persistent link: https://www.econbiz.de/10012293729
Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from the problem of endogeneity of government size with respect to the distribution of income. Studying 30 European countries over the period 2004-2015, we apply instrumental variable...
Persistent link: https://www.econbiz.de/10011955505
jobs of different complexity contribute to unskilled employment in Norway, Italy and Hungary. In search of how unqualified …, intense adult training, informal learning and involvement in civil activities. In Italy, workplaces requiring no literacy … Italy) set limits to the inclusion of the low educated. An extreme degree of social isolation is likely to deteriorate their …
Persistent link: https://www.econbiz.de/10010194753
"We investigate various stylized facts on wage growth, labor mobility and firm size, to date unexplored in Italy. Using …
Persistent link: https://www.econbiz.de/10003451833
Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that discourages employee shirking in asymmetric information contexts. Our empirical analysis aims to verify the role of unemployment as a worker discipline device, considering the...
Persistent link: https://www.econbiz.de/10009681422
We investigate how the wage distribution differs among small and large establishments in four European countries. Findings show that within-establishment wage dispersion rises with size because large employers have a more diverse workforce. They also suggest that screening and monitoring costs...
Persistent link: https://www.econbiz.de/10003257499
Persistent link: https://www.econbiz.de/10001760445
According to Gibrat’s Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper reconciles these two streams of...
Persistent link: https://www.econbiz.de/10003583928