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The Optimal Minimum Wage with Regulatory Uncertainty
Bennett, John - 2015
For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...
Persistent link: https://www.econbiz.de/10013009495
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Investment and Subjective Uncertainty
Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2022
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by the U.S. Census Bureau for approximately 25,000...
Persistent link: https://www.econbiz.de/10014240723
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Pandemic-Era Uncertainty
Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022
national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …
Persistent link: https://www.econbiz.de/10013406440
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Information, Uncertainty, and Subjective Entitlements in Bargaining
Karagözoğlu, Emin - 2010
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10013139946
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How Uncertainty and Ambiguity in Tournaments Affect Gender Differences in Competitive Behavior
Balafoutas, Loukas - 2019
Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We present a...
Persistent link: https://www.econbiz.de/10012868836
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Portfolio Allocation, Income Uncertainty and Households' Flight from Risk
Brown, Sarah - 2016
households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach – termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …
Persistent link: https://www.econbiz.de/10012977335
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Why Pay Taxes When No One Else Does?
Epstein, Gil S. - 2009
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10013159940
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Identification, Screening and Stereotyping in Labour Market Discrimination
Vendrik, Maarten - 2009
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii) social identification with an ingroup, inducing...
Persistent link: https://www.econbiz.de/10013153510
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Forecasting Errors : Yet More Problems for Identification?
Contini, Bruno - 2009
Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...
Persistent link: https://www.econbiz.de/10012764650
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Inequality Aversion and Risk Attitudes
Ferrer-i-Carbonell, Ada - 2010
Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a … relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the … suggest that even though inequality and risk aversion are related, they are not the same thing. The paper shows that the …
Persistent link: https://www.econbiz.de/10013148355