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Real Estate Agent Earnings and Local Housing Prices
Hirsch, Barry T.; MacPherson, David A.; Qu, Zichong - 2022
Real estate agents typically receive commissions based on a fixed percentage of home price purchases. Because housing prices vary across markets, one might expect that realtors have higher earnings in high-priced markets. Prior work by Hsieh and Moretti (2003) suggests that entry among realtors...
Persistent link: https://www.econbiz.de/10014083685
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Are Nurses More Altruistic than Real Estate Brokers?
Jacobsen, Karin - 2011
We report results from a dictator game experiment with nurse students and real estate broker students as dictators, and Amnesty International as the recipient. Although brokers contributed substantial amounts, nurses contributed significantly more, on average 76 percent of their endowment. In a...
Persistent link: https://www.econbiz.de/10013124490
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Wage Flexibility and Employment Fluctuations : Evidence from the Housing Sector
Pischke, Jörn-Steffen - 2016
Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this conjecture. This paper compares three occupations in the housing sector with...
Persistent link: https://www.econbiz.de/10012985695
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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
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Locus of Control and Job Search Strategies
Caliendo, Marco - 2011
Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...
Persistent link: https://www.econbiz.de/10013133903
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The Heterogeneous Effects of Training Incidence and Duration on Labor Market Transitions
Fitzenberger, Bernd - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the … endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment …
Persistent link: https://www.econbiz.de/10013136712
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The Reservation Wage Unemployment Duration Nexus
Addison, John T. - 2010
involves conditioning elapsed duration on completed unemployment duration in the reservation wage equation. Our analysis … confirms that the use of elapsed duration alone compounds two separate and opposing influences. Only with the inclusion of … completed duration is the negative effect of continued joblessness on reservation wages apparent. For its part, the completed …
Persistent link: https://www.econbiz.de/10013139949
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It's About Time : Implications of the Period Length in an Equilibrium Job Search Model
Wolthoff, Ronald P. - 2011
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10013119736
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Duration of Low Wage Employment : A Study Based on a Survival Model
Pimenta - 2011
This paper includes a survival analysis which attempts to explain the duration, as in the number of years a worker …
Persistent link: https://www.econbiz.de/10013120148
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Is Internet Job Search Still Ineffective?
Kuhn, Peter - 2011
While the Internet has been found to reduce trading frictions in a number of other markets, existing research has failed to detect such an effect in the labor market. In this paper, we replicate Kuhn and Skuterud's (2004) study – which found that Internet job search (IJS) was associated with...
Persistent link: https://www.econbiz.de/10013120424