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Universities as Stakeholders in Their Students' Careers : On the Benefits of Graduate Taxes to Finance Higher Education
McKenzie, Tom; Sliwka, Dirk - 2010
endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …
Persistent link: https://www.econbiz.de/10013135633
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The Role of Sickness in the Evaluation of Job Search Assistance and Sanctions
van den Berg, Gerard J. - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10013001341
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The Response to Dynamic Incentives in Insurance Contracts with a Deductible : Evidence from a Differences-in-Regression-Discontinuities Design
Klein, Tobias J. - 2020
We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … large Dutch health insurer we find that individuals are forward-looking. Changing dynamic incentives by increasing the … annual level. The response to dynamic incentives is an important part of the overall effect of cost-sharing schemes on …
Persistent link: https://www.econbiz.de/10012837905
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Psychological Incentives, Financial Incentives, and Risk Attitudes in Tournaments : An Artefactual Field Experiment
Cadsby, Charles Bram - 2015
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …
Persistent link: https://www.econbiz.de/10013009501
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas - 2014
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10013061956
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Public and Private Insurance with Costly Transactions
Bertola, Giuseppe - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10013137517
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Firms' Moral Hazard in Sickness Absences
Böheim, René - 2011
Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create moral hazard problems for firms, leading to the...
Persistent link: https://www.econbiz.de/10013119733
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Trade Union Membership and Sickness Absence : Evidence from a Sick Pay Reform
Goerke, Laszlo - 2012
respond to the sick pay reform. We show that union members may have stronger incentives to be absent and to react to the cut …
Persistent link: https://www.econbiz.de/10013099789
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Firm Insurance and Sickness Absence of Employees
Westergaard-Nielsen, Niels - 2012
We investigate the effect of firms' participation in an insurance scheme on the long-term sickness absence of their employees, using administrative records. In Denmark and several other European countries, firms are obliged to cover the first two weeks of sickness. The insurance scheme is...
Persistent link: https://www.econbiz.de/10013099791
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Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10013083378