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Agency and Communication in IMF Conditional Lending : Theory and Empirical Evidence
Marchesi, Silvia - 2014
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10012750944
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Experimental Labor Markets and Policy Considerations : Incomplete Contracts and Macroeconomic Aspects
Casoria, Fortuna - 2013
This survey focuses on experimental labor markets investigating two aspects that deem us important for a better understanding of labor market relations and the consequences for labor market policies. The first part of the survey is dedicated to papers that assess the prevalence of reciprocal...
Persistent link: https://www.econbiz.de/10013088665
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Cultural Biases in Migration : Estimating Non-Monetary Migration Costs
Falck, Oliver - 2015
Ever since Sjaastad (1962), researchers have struggled to quantify the psychic costs of migration. We monetize psychic cost as the wage premium for moving to a culturally different location. We combine administrative social security panel data with a proxy for cultural difference based on...
Persistent link: https://www.econbiz.de/10013025300
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Optimal Allocations in Growth Models with Private Information
Krebs, Tom; Scheffel, Martin - 2022
This paper considers a class of growth models with idiosyncratic human capital risk and private information about individual effort choices (moral hazard). Households are infinitely-lived and have preferences that allow for a time-additive expected utility representation with a one-period...
Persistent link: https://www.econbiz.de/10014243037
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Size and Development of the Shadow Economies of 157 Countries Worldwide : Updated and New Measures from 1999 to 2013
Hassan, Mai - 2016
This paper is a first attempt to study the size and development of the shadow economies of 157 countries over 1999 to 2013. Using a MIMIC model, we find that higher tax and regulatory burden, unemployment and self-employment rates are drivers of the shadow economy, meaning that an increase of...
Persistent link: https://www.econbiz.de/10012980344
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Fatter Attraction : Anthropometric and Socioeconomic Characteristics in the Marriage Market
Chiappori, Pierre-Andre - 2011
We construct a matching model on the marriage market along more than one characteristic, where individuals have … women assess each other through an index combining these various attributes, so the matching is one-dimensional. We estimate …
Persistent link: https://www.econbiz.de/10013134105
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Matching with a Handicap : The Case of Smoking in the Marriage Market
Chiappori, Pierre-Andre - 2010
We develop a matching model on the marriage market, where individuals have preferences over the smoking status of … short supply. The model generates clear cut conditions regarding matching patterns. Using CPS data and its Tobacco Use … are satisfied. There are fewer "mixed" couples where the wife smokes than vice-versa, and matching is assortative on …
Persistent link: https://www.econbiz.de/10013134813
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The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Bachmann, Ronald - 2010
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...
Persistent link: https://www.econbiz.de/10013135186
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien - 2010
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
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Black-White Marital Matching : Race, Anthropometrics, and Socioeconomics
Chiappori, Pierre-Andre - 2011
We analyze the interaction of race with physical and socioeconomic characteristics in the U.S. marriage market, using the Panel Study of Income Dynamics from 1999 to 2009 for black, white, and inter-racial couples. We consider the anthropometric characteristics of both spouses, together with...
Persistent link: https://www.econbiz.de/10013117193