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Two-Sided Learning, Labor Turnover and Worker Displacement

Pfann, Gerard A.; Hamermesh, Daniel S. - 2001

We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an … American workers). The type of data that we use also generates information on the value of learning and on whether and how the … the increases in the firm?s value from learning about its workers? behavior and to infer the extent of biases in estimated …

Persistent link: https://www.econbiz.de/10010274098

A model of overconfidence

Weinberg, Bruce A. - 2009

People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...

Persistent link: https://www.econbiz.de/10010269111

Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets

Rebitzer, James B.; Taylor, Lowell J. - 2010

Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...

Persistent link: https://www.econbiz.de/10010272684

Are income and consumption taxes ever really equivalent? evidence from a real-effort experiment with real goods

Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - 2010

The public finance literature demonstrates the equivalence between consumption and laborincome (wage) taxes. We introduce an experimental paradigm in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this paradigm to test whether a labor-income...

Persistent link: https://www.econbiz.de/10010274549

Integrating personality psychology into economics

Heckman, James J. - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10010280682

Certainty and severity of sanctions in classical and behavioral models of deterrence: A survey

Entorf, Horst - 2012

This survey summarizes the classical fundamentals of modern deterrence theory, covers major theoretical and empirical findings on the impact of certainty and severity of punishment (and the interplay thereof) as well as underlying methodological problems, gives an overview of limitations and...

Persistent link: https://www.econbiz.de/10010282501