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Asymmetric Information between Employers
Kahn, Lisa B. - 2013
Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same information about worker ability as the incumbent firm. I...
Persistent link: https://www.econbiz.de/10013087866
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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012842034
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Can Transparency of Information Reduce Embezzlement? Experimental Evidence from Tanzania
Falco, Salvatore - 2016
Embezzlement is a major concern in various settings. By means of a sequential modified dictator game, we investigate theoretically and experimentally whether making information more transparent and reducing the number of intermediaries in transfer chains can reduce embezzlement and improve the...
Persistent link: https://www.econbiz.de/10012990872
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Job Market Signaling and Employer Learning
Alós-Ferrer, Carlos; Prat, Julien - 2021
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive...
Persistent link: https://www.econbiz.de/10013324859
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Intangible Knowledge Capital and Innovation in China
Fleisher, Belton M. - 2013
Intangible knowledge capital (IKC) – technology produced by workers but not embodied in them – can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises – more so in domestically owned...
Persistent link: https://www.econbiz.de/10013071740
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Quantifying the Intangible Impact of the Olympics Using Subjective Well-Being Data
Dolan, Paul - 2019
Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...
Persistent link: https://www.econbiz.de/10012863807
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Reputation vs Selection Effects in Markets with Informational Asymmetries
Alysandratos, Theodore; Georganas, Sotiris; Sutter, Matthias - 2022
can disentangle self-selection from reputation effects. Based on 476 taxi rides with four different types of taxis, we can … show strong reputation effects on the prices and service quality of drivers, while there is practically no evidence of a …
Persistent link: https://www.econbiz.de/10014242288
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The Price of Capital, Factor Substitutability, and Corporate Profits
Hergovich, Philipp - 2018
The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...
Persistent link: https://www.econbiz.de/10012911171
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Identity Changes and the Efficiency of Reputation Systems
Wibral, Matthias - 2014
Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …
Persistent link: https://www.econbiz.de/10013052704
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Reputation as Insurance : How Reputation Moderates Public Backlash Following a Company's Decision to Profiteer
Arroyos-Calvera, Danae; Powdthavee, Nattavudh - 2022
We examine whether a company's corporate reputation gained from their CSR activities and a company leader's reputation … experimental evidence that good corporate reputation causally buffers individuals' negative fairness judgment following the firm …'s decision to profiteer from an increase in the demand. Bad corporate reputation does not make the decision to profiteer as any …
Persistent link: https://www.econbiz.de/10014083719