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Unsettled : job insecurity reduces home-ownership

Lepinteur, Anthony; Clark, Andrew E.; D'Ambrosio, Conchita - 2024

We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A...

Persistent link: https://www.econbiz.de/10014544998

Lobbying for industrialization : theory and evidence

Veselov, Dmitriy; Yarkin, Alexander - 2024

Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...

Persistent link: https://www.econbiz.de/10014545117

Sorting through cheap talk : theory and evidence from a labor market

Horton, John J.; Johari, Ramesh; Kircher, Philipp - 2024

In a labor market model with cheap talk, employers can send messages about their willingness to pay for higher-ability workers, which job-seekers can use to direct their search and tailor their wage bid. Introducing such messages leads - under certain conditions - to an informative separating...

Persistent link: https://www.econbiz.de/10014545251

On the psychological foundations of ambiguity and compound risk aversion

Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024

Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...

Persistent link: https://www.econbiz.de/10014544917

Monitoring and prudence

Beltrametti, Luca F.; Cardullo, Gabriele - 2024

We study the impact of monitoring in a workplace context where both firms and employees are unable to perfectly observe the individual worker contribution to total output. Therefore, in our setting monitoring is not aimed at reducing information asymmetries but still affects effort and output....

Persistent link: https://www.econbiz.de/10014534559

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A hands-on machine learning primer for social scientists : math, algorithms and code

Askitas, Nikos - 2024

This paper addresses the steep learning curve in Machine Learning faced by noncomputer scientists, particularly social scientists, stemming from the absence of a primer on its fundamental principles. I adopt a pedagogical strategy inspired by the adage "once you understand OLS, you can work your...

Persistent link: https://www.econbiz.de/10014535259

The economics of gender-specific minimum wage legislation

Marchingiglio, Riccardo; Poyker, Michael - 2024

Using full count U.S. census data, we study the impact of early 20th-century state-industry-specific minimum wage laws that primarily targeted female employees. Our triple-difference estimates suggest a null impact of the minimum wage laws, potentially reflecting disemployment effects and the...

Persistent link: https://www.econbiz.de/10014535280

Current emotion research in economics

Wälde, Klaus; Moors, Agnes - 2016

Positive and negative feelings were central to the development of economics, especially in utility theory in classical … economics. While neoclassical utility theory ignored feelings, behavioral economics more recently reintroduced feelings in … utility theory. Beyond feelings, economic theorists use full-fledged specific emotions to explain behavior that otherwise …

Persistent link: https://www.econbiz.de/10011543809