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We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy in which a worker's status depends on past performance. We investigate the optimality of two types of promotion hierarchies: (i) internal labor markets, in which agents have a...
Persistent link: https://www.econbiz.de/10013110206
This paper highlights the employment patterns of China's over-45 population and, for perspective, places them in the … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … of exit from work are shown to be much greater in urban China than in rural areas, and also greater than observed in …
Persistent link: https://www.econbiz.de/10013118526
This paper presents a new data set collected on representative samples across 6 countries: China, South Korea, Japan …
Persistent link: https://www.econbiz.de/10012834526
In nationally representative household data from the 2008 wave of the Rural to Urban Migration in China survey, nearly …. This paper investigates why the use of social network to find jobs is so prevalent among rural-urban migrants in China, and …
Persistent link: https://www.econbiz.de/10013076858
harmful to inequality. We investigate if this relationship is equally compelling for developing countries in Asia where … corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia … economies in South Asia, the income inequality tends to fall …
Persistent link: https://www.econbiz.de/10013088661
growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of …-investment balances. China accounts for just under half of GDP in Asia ex-Japan, but accounts for 60 percent of total gross national … private consumption to GDP in Asia and, during this decade, has recorded the lowest rate of employment growth relative to GDP …
Persistent link: https://www.econbiz.de/10013158044
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South … asymmetric effect on macro variables of China, Hong Kong, and South Korea during the quantitative easing period (QE) and the …
Persistent link: https://www.econbiz.de/10012833241
Detecting racial discrimination using observational data is challenging because of the presence of unobservables that may be correlated with race. Using data made public in the SFFA v. Harvard case, we estimate discrimination in a setting where this concern is mitigated. Namely, we show that...
Persistent link: https://www.econbiz.de/10012835875
This paper analyzes a panel of 18 European countries spanning from 1950 to 2003 to examine the extent to which the legal reforms leading to easier divorce that took place during the second half of the 20th century have contributed to the increase in divorce rates across Europe. We use a...
Persistent link: https://www.econbiz.de/10012780480
America – specifically South America and Mexico (SAM) – and East Asia, over the 32 years preceding the Great Recession (1976 … (closest) North; ii) the East Asia – SAM education gap's impact equals that of trade plus governance; iii) an increase in SAM …'s ETG to East Asia's level raises TFP by over 100 percent and fully accounts for its TFP gap with East Asia; and iv) South …
Persistent link: https://www.econbiz.de/10012952607