Showing 1 - 10 of 130
We study how firm-specific complementary assets and intellectual property rights affect the management of knowledge workers. The main results show when a firm will wish to sue workers that leave with innovative ideas, and the effects of complementary assets on wages and on worker initiative. We...
Persistent link: https://www.econbiz.de/10013104933
Whether Europe will be able to stand up to its internal and external challenges crucially depends on its ability to manage its internal mobility and inflows of international migrants. Using a unique expert opinion survey, we document that Europe needs skilled migrants, and skill mismatch is to...
Persistent link: https://www.econbiz.de/10013131933
This paper provides causal evidence on long-term consequences of Jewish expulsions in Nazi Germany on the educational attainment and political outcomes of German children. We combine a unique city-level dataset on the fraction of Jewish population residing in Germany before the Nazi Regime with...
Persistent link: https://www.econbiz.de/10013122121
This paper argues that international migration of high-skilled workers triggers productivity effects at the macro level such that the wage rate of skilled workers may rise in host countries and decline in source countries. We exploit a recent data set on international bilateral migration flows...
Persistent link: https://www.econbiz.de/10013104931
Attracting skilled immigrants is emerging as an important policy goal for immigrant receiving countries. This article first discusses the economic rationale for immigrant selection. Selection mechanisms of receiving countries are reviewed in the context of deteriorating labor market outcomes for...
Persistent link: https://www.econbiz.de/10013108231
The paper uses a unique survey of recruitment firms to look at how Russian firms perceive the supply of skills in the labour market and how well those skills match to their demand for labour. Firms invest significant amounts of time in search to fill vacancies and search time is unambiguously...
Persistent link: https://www.econbiz.de/10013089393
The paper links finance theory to labor economics and political economy in the context of migration and immigration policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages, earnings, and employment. Less is known about the...
Persistent link: https://www.econbiz.de/10013092819
Existing evidence on peer effects in a work environment stems from either laboratory experiments or from real-word studies referring to a specific firm or specific occupation. Yet, it is unclear to what extent these findings apply to the labor market in general. In this paper, therefore, we...
Persistent link: https://www.econbiz.de/10013075402
As more and more developed countries adopt policies that favor highly educated immigrants, the impact of such policies on developing countries remains unclear. Some researchers have argued that migrants who are more educated tend to bring their immediate family members to the host country, and...
Persistent link: https://www.econbiz.de/10012926721
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