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The economics of credence goods: on the role of liability, verifiability, reputation and competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

Persistent link: https://www.econbiz.de/10010271236

Public and private insurance with costly transactions

Bertola, Giuseppe; Koeniger, Winfried - 2010

We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...

Persistent link: https://www.econbiz.de/10010274703

Losers and losers: Some demographics of medical malpractice tort reforms

Friedson, Andrew I.; Kniesner, Thomas J. - 2011

Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort...

Persistent link: https://www.econbiz.de/10010286266

Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and the private sector

Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers' well-being by exploiting sector-specific institutional differences...

Persistent link: https://www.econbiz.de/10010268746

Promotion and wages in mid-career: Gender, unionism, and sector

Addison, John T.; Ozturk, Orgul Demet; Wang, Si - 2012

This paper considers the role of gender in the promotion process and the impact of promotion on wages and wage growth, using data from the National Longitudinal Survey of Youth (NLSY79). Its focus is upon mid-career promotion and wages, thereby complementing extant studies of the NLSY that...

Persistent link: https://www.econbiz.de/10010289854

The Changing Profile of Mexican Migrants to the United States: New Evidence from California and Mexico

Cornelius, Wayne A.; Marcelli, Enrico A. - 2000

Using recent data from southern California and Mexico we challenge the notion that the demographic profile of post-1970 Mexican migrants to the United States has remained constant. We find that more recent cohorts of migrants: (1) are more likely to settle permanently in the United States, (2)...

Persistent link: https://www.econbiz.de/10010262427

The narrowing of the US gender earnings gap, 1959 - 1999: a cohort-based analysis

Weinberger, Catherine; Kuhn, Peter - 2006

Using Census and Current Population Survey data spanning 1959 through 1999, we assess the relative contributions of two factors to the decline in the gender wage gap: changes across cohorts in the relative slopes of men's and women's age-earnings profiles, versus changes in relative earnings...

Persistent link: https://www.econbiz.de/10010267640

Economic mobility, family background, and the well-being of children in the United States and Canada

Corak, Miles; Curtis, Lori; Phipps, Shelley - 2010

This comparative study of the relationship between family economic background and adult outcomes in the United States and Canada addresses three questions. First, is there something to explain? We suggest that the existing literature finds that there are significant differences in the degree of...

Persistent link: https://www.econbiz.de/10010269450

The distribution of top incomes in five Anglo-Saxon countries over the twentieth century

Atkinson, Anthony B.; Leigh, Andrew - 2010

Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...

Persistent link: https://www.econbiz.de/10010270632

Income mobility of individuals in China and the United States

Khor, Niny; Pencavel, John H. - 2006

Though much has been written about annual income inequality in China, little research has been conducted on longer run measures of income inequality and on income mobility. This paper compares income mobility of urban individuals in China and the United States in the 1990s. The following...

Persistent link: https://www.econbiz.de/10010276243

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