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Risk, delegation, and project scope
Roider, Andreas - 2007
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 …
Persistent link: https://www.econbiz.de/10010268503
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The gender wage gap as a function of educational degree choices in an occupationally segregated EU country
Livanos, Ilias; Pouliakas, Konstantinos - 2009
in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …
Persistent link: https://www.econbiz.de/10010269462
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Heterogeneous life-cycle profiles, income risk and consumption inequality
Primiceri, Giorgio E.; van Rens, Thijs - 2007
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10010276396
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Risk, institutions and growth: Why England and not China?
Greif, Avner; Iyigun, Murat; Sasson, Diego - 2011
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 …
Persistent link: https://www.econbiz.de/10010278525
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Fiscal Union in Europe? Redistributive and Stabilising Effects of an EU Tax-Benefit System
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - Institute for the Study of Labor (IZA) - 2012
representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. …
Persistent link: https://www.econbiz.de/10011279239
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Fiscal union in Europe? Redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. …
Persistent link: https://www.econbiz.de/10010282556
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How Large Is the Private Sector in Africa? Evidence from National Accounts and Labor Markets
Stampini, Marco; Leung, Ron; Diarra, Setou M.; Pla, … - Institute for the Study of Labor (IZA) - 2011
In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...
Persistent link: https://www.econbiz.de/10009416934
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How large is the private sector in Africa? Evidence from national accounts and labor markets
Stampini, Marco; Leung, Ron; Diarra, Setou M.; Pla, … - 2011
In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...
Persistent link: https://www.econbiz.de/10010282595
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909
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Understanding inter-industry wage structures in the euro area
Genre, Véronique; Kohn, Karsten; Momferatou, Daphne - 2009
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for...
Persistent link: https://www.econbiz.de/10010269057