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Losers and Losers : Some Demographics of Medical Malpractice Tort Reforms
Friedson, Andrew - 2011
Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort...
Persistent link: https://www.econbiz.de/10013120846
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Producer Protection Legislation and Termination Damages in the Presence of Contracting Frictions
Wu, Steven Y. - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10013156403
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The Economics of Credence Goods : On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated …
Persistent link: https://www.econbiz.de/10012764487
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Compensation in Personal Injury Cases : Mean or Median Income?
Danziger, Leif - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012865861
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Beauty is the Promise of Happiness?
Hamermesh, Daniel S. - 2011
We measure the impact of individuals' looks on their life satisfaction or happiness. Using five data sets from the U.S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow putting a lower bound on the true effects of beauty on happiness. Personal beauty...
Persistent link: https://www.econbiz.de/10013127722
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The Long Shadow of Income on Trustworthiness
Ermisch, John - 2011
We employ a behavioural measure of trustworthiness obtained from an experiment carried out with a sample of the general British population whose individuals were extensively interviewed on earlier occasions. These previous interviews allow us to have very good income measures, and in particular...
Persistent link: https://www.econbiz.de/10013127916
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Union Threat and Non-Union Employment : A Natural Experiment on the Use of Temporary Employment in British Firms
Salvatori, Andrea - 2011
This paper presents the first empirical evidence on the effect of the threat of unionisation on the use of a predominantly non-union type of employment, i.e. temporary employment. The identification strategy exploits an exogenous variation in union threat induced in the UK by new legislation...
Persistent link: https://www.econbiz.de/10013128214
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Returns to Compulsory Schooling in Britain : Evidence from a Bayesian Fuzzy Regression Discontinuity Analysis
Chib, Siddhartha - 2011
In this paper we reevaluate the returns to education based on the increase in the compulsory schooling age from 14 to 15 in the UK in 1947. We provide a Bayesian fuzzy regression discontinuity approach to infer the effect on earnings for a subset of subjects who turned 14 in a narrow window...
Persistent link: https://www.econbiz.de/10013128224
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Above and Beyond the Call : Long-Term Real Earnings Effects of British Male Military Conscription in the Post-War Years
Grenet, Julien - 2011
We add to the literature on the long-term economic effects of male military service. We concentrate on post-war British conscription into the armed services from 1949 to 1960. It was called National Service and applied to males aged 18 to 26. Based on a regression discontinuity design we...
Persistent link: https://www.econbiz.de/10013128225
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What Determines the Return to Education : An Extra Year or a Hurdle Cleared?
Dickson, Matthew - 2011
The 1973 Raising of the School Leaving Age in England and Wales has been used to identify returns to years' schooling. However, the reform affected the proportion with qualifications, as well as schooling length. To shed light on whether the returns reflect extra schooling or qualifications, we...
Persistent link: https://www.econbiz.de/10013129083