exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

We provide a first empirical attempt at understanding the scale and type of skilled migration from the Indian software … software firms in India. The results are not generally consistent with an adverse or brain drain story but provide a more … adverse. There is some evidence of associated wage pressure at the height of the software boom in the late 1990s. But there is …

A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply … large-scale software developer surveys are inadequate for measuring the relative importance of these three factors. Moreover …

-centers, trucking, and high-tech (software). Referred workers are 10-30% less likely to quit and have substantially higher performance …

A review of the basic theory of optimal open-source software contributions points to three keyfactors affecting supply …

We provide a first empirical attempt at understanding the scale and type of skilled migration from the Indian software … software firms in India. The results are not generally consistent with an adverse or brain drain story but provide a more … adverse. There is some evidence of associated wage pressure at the height of the software boom in the late 1990s. But there is …