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Wage Dispersion and Labor Turnover with Adverse Selection
Carrillo-Tudela, Carlos - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10013120832
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Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10013083378
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The Effect of a Ban on Gender-Based Pricing on Risk Selection in the German Health Insurance Market
Huang, Shan - 2018
. We examine the effect of this unisex mandate on risk segmentation in the German health insurance market. While gender … used to be a pricing factor in Germany's private health insurance (PHI) sector, it was never used as a pricing factor in … the social health insurance (SHI) sector. The unisex mandate makes PHI relatively more attractive for women and less …
Persistent link: https://www.econbiz.de/10012906485
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Negative Externalities and Equilibrium Existence in Competitive Markets with Adverse Selection
von Siemens, Ferdinand - 2009
Rothschild and Stiglitz (1976) show that there need not exist a competitive equilibrium in markets with adverse selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a contract depends on the average type attracted by the...
Persistent link: https://www.econbiz.de/10012763924
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Hiring Through Referrals in a Labor Market with Adverse Selection
Dariel, Aurelie - 2019
Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where employers face uncertainty about the productivity of job candidates. We examine theoretically and with laboratory experiments three key questions related to hiring via...
Persistent link: https://www.econbiz.de/10012870195
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Worker Mobility in a Search Model with Adverse Selection
Carrillo-Tudela, Carlos - 2015
We analyze the effects of adverse selection on worker turnover and wage dynamics in a frictional labor market. We consider a model of on-the-job search where firms offer promotion wage contracts to workers of different abilities, which is unknown to firms at the hiring stage. With sufficiently...
Persistent link: https://www.econbiz.de/10013014031
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10013016339
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Adverse Selection in Low-Income Health Insurance Markets : Evidence from a RCT in Pakistan
Fischer, Torben - 2018
We present robust evidence on the presence of adverse selection in hospitalization insurance for low-income households …. Bundling insurance policies at the household or higher levels almost eliminates adverse selection, thus mitigating its welfare … consequences and creating the possibility for sustainable insurance supply …
Persistent link: https://www.econbiz.de/10012912257
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Adverse Selection in the Group Life Insurance Market
Harris, Timothy F.; Yelowitz, Aaron; Talbert, Jeffery; … - 2022
The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …
Persistent link: https://www.econbiz.de/10013406459
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Optimal Income Taxation with Endogenous Participation and Search Unemployment
Lehmann, Etienne; Parmentier, Alexis; Van der Linden, Bruno - 2021
This paper characterizes the optimal redistributive taxation when individuals are heterogeneous in two exogenous dimensions: their skills and their values of non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and participation are...
Persistent link: https://www.econbiz.de/10013324812