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Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275
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The importance of luck in executive promotion tournaments : theory and evidence
DeVaro, Jed; Fung, Scott - 2024
-based tournament theory to allow executives to choose the luck variance reveals that executives infuse their tournaments with a high …
Persistent link: https://www.econbiz.de/10015074517
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Convergence in institutions and market outcomes : cross-country and time-series evidence from the BEEPS surveys in transition economies
Mitra, Pradeep K. (contributor);  … - 2008
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …. -- Transition ; convergence ; market structure ; competition ; enterprise finance ; enterprise restructuring …
Persistent link: https://www.econbiz.de/10003782478
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Bribes vs. taxes : market structure and incentives
Amodio, Francesco; Choi, Jieun; De Giorgi, Giacomo; … - 2018
Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback incentive scheme for business tax inspectors that...
Persistent link: https://www.econbiz.de/10011881469
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Do big inequalities in executive pay hurt firm performance?
Chung, Richard; DeVaro, Jed; Fung, Scott - 2024
evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …
Persistent link: https://www.econbiz.de/10015075389
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Understanding Pareto inefficient intrahousehold allocations
Akresh, Richard (contributor) - 2005
Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto inefficient, contradicting the main assumption of most collective models of intrahousehold bargaining. He finds that among plots planted with the same crop in the same year, within a...
Persistent link: https://www.econbiz.de/10003287812
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Optimal accumulation in an endogenous growth setting with human capital
Docquier, Frédéric (contributor);  … - 2006
This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer...
Persistent link: https://www.econbiz.de/10003310953
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The gain from the drain : skill-biased migration and global welfare
Biavaschi, Costanza; Burzyński, Michał; Elsner, Benjamin - 2016
High-skilled workers are four times more likely to migrate than low-skilled workers. This skill bias in migration - often called brain drain - has been at the center of a heated debate about the welfare consequences of emigration from developing countries. In this paper, we provide a global...
Persistent link: https://www.econbiz.de/10011551902
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Welfare effects of short-time compensation
Braun, Helge; Bruegemann, Bjoern - 2014
We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating distortions caused by public unemployment insurance...
Persistent link: https://www.econbiz.de/10010423761
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The welfare effects of asset means-testing income support
Wellschmied, Felix - 2015
This paper quantitatively determines the asset limit in income support programs which minimizes consumption volatility in a lifecycle model with incomplete markets and idiosyncratic earnings risk. An asset limit allows allocating transfers to those households with the highest utility gains from...
Persistent link: https://www.econbiz.de/10010479004