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Understanding Pareto Inefficient Intrahousehold Allocations
Akresh, Richard - 2005
Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto …
Persistent link: https://www.econbiz.de/10012784076
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Misallocation and Inequality
Guner, Nezih; Ruggieri, Alessandro - 2022
For a large set of countries, we document how the labor earnings inequality varies with GDP per capita. As countries get richer, the mean-to-median ratio and the Gini coefficient decline. Yet, this decline masks divergent patterns: while inequality at the top of the earnings distribution falls,...
Persistent link: https://www.econbiz.de/10014083775
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Services, Offshoring and Wages : Evidence from Micro Data
Görg, Holger; Geishecker, Ingo - 2008
This paper investigates the effects of services offshoring on wages using individual level data combined with industry … information on offshoring. Our results show that services offshoring affects the real wage of low and medium skilled individuals … negatively. By contrast, skilled workers benefit from services offshoring in terms of higher real wages. Hence, offshoring has …
Persistent link: https://www.econbiz.de/10014216489
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Services Offshoring and Wages : Evidence from Micro Data
Geishecker, Ingo; Görg, Holger - 2021
This paper investigates the effects of services offshoring on wages using individual level data combined with industry … information on offshoring. Our results show that services offshoring affects the real wage of low and medium skilled individuals … negatively. By contrast, skilled workers benefit from services offshoring in terms of higher real wages. Hence, offshoring has …
Persistent link: https://www.econbiz.de/10013325054
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Smallholders, Market Failures, and Agricultural Production : Evidence from India
Merfeld, Joshua D. - 2020
Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to...
Persistent link: https://www.econbiz.de/10012823301
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013153172
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Efficiency and Labor Market Dynamics in a Model of Labor Selection
Chugh, Sanjay K. - 2015
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10013016204
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The Performance of School Assignment Mechanisms in Practice
de Haan, Monique - 2015
Theory points to a potential trade-off between two main school assignment mechanisms; Boston and Deferred Acceptance (DA). While DA is strategy-proof and gives a stable matching, Boston might outperform DA in terms of ex-ante efficiency. We quantify the (dis)advantages of the mechanisms by using...
Persistent link: https://www.econbiz.de/10013016376
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Discretionary Latitude and Relational Contracting
Wu, Steven Y.; Roe, Brian E. - 2021
We use economic experiments to examine the nature of relational trading under a menu of incomplete contracts ranging from the repeat purchase mechanism of Klein and Leffler (1981) to highly incomplete contracts that are completely unenforceable by third-parties. Our results suggest that, with...
Persistent link: https://www.econbiz.de/10013316957
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Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment
Elias, Julio - 2016
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012983033