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Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...
Persistent link: https://www.econbiz.de/10013325156
simultaneously product and labor market imperfections, this paper quantifies industry differences in both types of imperfections … using firm-level data in Chile – a non-OECD member under the considered time period – and France. We rely on two extensions … of Hall's econometric framework for estimating price-cost margins by nesting three labor market settings (perfect …
Persistent link: https://www.econbiz.de/10013016354
market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand … case for possible application to the electricity market and discusses the implications of the results. In the literature … and demand response in the power market and their relationships. It enhances demand response in the electricity market …
Persistent link: https://www.econbiz.de/10013104681
Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last four decades. Moreover, the population share of skilled migrants has been...
Persistent link: https://www.econbiz.de/10013001874
comparing the gender wage gap across four countries, Australia, France, Japan and Britain. Our results concord with those of … Australia with that found in other countries. They found it was not the difference in human capital endowments that explained …
Persistent link: https://www.econbiz.de/10013318042
The paper investigates the link between the over-exposure of African immigrants to unemployment in France and their … there is both ethnic and customer discrimination in the French labor market …
Persistent link: https://www.econbiz.de/10013054581
This field experiment examines output quantity and quality for workers in a data input business. We observe two sets of workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases quantity, and we find that the resultant quality can...
Persistent link: https://www.econbiz.de/10013074166
size. We present additional evidence that market power of either final-good producers or input suppliers does not fully …
Persistent link: https://www.econbiz.de/10012765301
thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of …, but also on market fundamentals to ensure that CPU attributes are priced correctly. Failing to do so can result in an …
Persistent link: https://www.econbiz.de/10013250249
This paper examines the effects of upgrading product quality standards on product and professional labor-market …
Persistent link: https://www.econbiz.de/10013080137