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Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries

Belke, Ansgar; Schaal, Andreas - 2004

structural change, new firms and innovations and therefore possibly also nowadays for employment growth. …

Persistent link: https://www.econbiz.de/10010262178

Capital Accumulation and Growth : A New Look at the Empirical Evidence

Schiantarelli, Fabio; Leblebicioglu, Asli; Bond, Steve - 2004

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …

Persistent link: https://www.econbiz.de/10010261921

An Adverse Selection Model of Optimal Unemployment Insurance

Hagedorn, Marcus; Kaul, Ashok; Mennel, Tim - 2003

We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...

Persistent link: https://www.econbiz.de/10010262113

Division of labour and directed production

Ratto, Marisa; Schnedler, Wendelin - 2005

We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...

Persistent link: https://www.econbiz.de/10010267331

Optimal family policy in the presence of moral hazard, when the quantity and quality of children are stochastic

Cigno, Alessandro; Luporini, Annalisa - 2009

We examine the second-best family policy under the assumption that both the number and the future earning capacities of the children born to a couple are random variables with probability distributions conditional on unobservable parental actions. Potential parents take their decisions without...

Persistent link: https://www.econbiz.de/10010269114

On the sorting of physicians across medical occupations

Courty, Pascal; Marschke, Gerald - 2008

health care services offered, the differential impact of malpractice risk across occupations, and the recent growth in …

Persistent link: https://www.econbiz.de/10010269167

Optimal incentive contracts under moral hazard when the agent is free to leave

Englmaier, Florian; Muehlheusser, Gerd; Roider, Andreas - 2010

We characterize optimal incentive contracts in a moral hazard framework extended in two directions. First, after effort provision, the agent is free to leave and pursue some ex-post outside option. Second, the value of this outside option is increasing in effort, and hence endogenous. Optimal...

Persistent link: https://www.econbiz.de/10010269938

The dilemma of delegating search: Budgeting in public employment services

Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - 2010

The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....

Persistent link: https://www.econbiz.de/10010274618

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

On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse

van der Linden, Bruno; Lehmann, Etienne - 2004

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility functions and wages are bargained over. The optimal allocation of resources is characterized first when information is perfect and second when search effort is not observable....

Persistent link: https://www.econbiz.de/10010276945

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