Narrow search
Showing 1 - 10 of 2,230
Cover Image
Turning relative deprivation into a performance incentive device
Stark, Oded; Kosiorowski, Grzegorz - 2021
The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...
Persistent link: https://www.econbiz.de/10012419100
Cover Image
Inputs, incentives, and self-selection at the workplace
Amodio, Francesco; Martinez-Carrasco, Miguel A. - 2019
This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at the workplace. Using daily records from a Peruvian egg production plant, we exploit a sudden change in the worker salary structure and find that workers' effort, firm profits,...
Persistent link: https://www.econbiz.de/10012147088
Cover Image
Why develop open source software? : The role of non-pecuniary benefits, monetary rewards and open source licence type
Sauer, Robert M. (contributor) - 2007
A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply …
Persistent link: https://www.econbiz.de/10003646702
Cover Image
Optimal unemployment insurance for older workers
Hairault, Jean-Olivier; Langot, François; Ménard, … - 2009
This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However, there is a sufficiently short distance to retirement for...
Persistent link: https://www.econbiz.de/10003825176
Cover Image
On the dynamics of interstate migration : migration costs and self-selection
Bayer, Christian (contributor); Juessen, Falko (contributor) - 2008
This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural approach allows us to deal with dynamic self-selection problems that arise from the endogeneity of location choice and the...
Persistent link: https://www.econbiz.de/10003656910
Cover Image
Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
Cover Image
Uncertainty and the politics of employment protection
Vindigni, Andrea (contributor) - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10003719624
Cover Image
Supply theory sans profit-maximization
Dasgupta, Indraneel - 2009
predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
Cover Image
The identification and economic content of ordered choice models with stochastic thresholds
Cunha, Flávio (contributor); Heckman, James J. (contributor) - 2007
This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a generalization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...
Persistent link: https://www.econbiz.de/10003608454
Cover Image
Testing for restricted stochastic dominance
Davidson, Russell (contributor);  … - 2006
Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...
Persistent link: https://www.econbiz.de/10003301664