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Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10013118520
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10013067317
We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a deductible. Our approach exploits two sources of variation in a differences-in-regression-discontinuities design: deductible contracts reset at the beginning of the year, and...
Persistent link: https://www.econbiz.de/10012837905
We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …
Persistent link: https://www.econbiz.de/10013076817
likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence …
Persistent link: https://www.econbiz.de/10013117187
-of-all-trades" view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self …
Persistent link: https://www.econbiz.de/10013117831
shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering … credentials of highly educated potential entrepreneurs, in particular, predict avoidance of small-firm ownership in some … enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses …
Persistent link: https://www.econbiz.de/10013118276
entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and … prefer to have a salaried job but cannot find one; and divide salaried workers into want-to-be entrepreneurs and happy …-to-be salaried workers. Over 40 percent of migrant workers are either currently or want-to-be entrepreneurs. Both groups are very …
Persistent link: https://www.econbiz.de/10013120403
psychological disposition and environmental factors, as theory requires if optimism is to be a causal influence on entrepreneurship …
Persistent link: https://www.econbiz.de/10013099728
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but …
Persistent link: https://www.econbiz.de/10013086658