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The life-cycle and the business-cycle of wage risk: a cross-country comparison
Bayer, Christian; Juessen, Falko - 2009
, but with increments being smaller in the European data. Third, we find that wage risk is procyclical in Germany while it … determining the cyclical properties of labor market risk. …
Persistent link: https://www.econbiz.de/10010271322
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Unemployment Equilibrium and On-the-Job Search
Burgess, Simon M.; Turon, Hélène - 2003
This paper uses the search and matching framework to explore the impact of employed job search on the labour market. The specific features of our model are endogenous employed job search, flows in and out of the labour force, endogenous job destruction and heterogenous job creation. Also, job...
Persistent link: https://www.econbiz.de/10010276889
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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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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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Product Demand Shifts and Wage Inequality
Leonardi, Marco - 2003
The UK and the US have experienced both rising skill premia and rising employment of skilled workers since the 1980s. These trends are typically interpreted as concurrent shifts of relative skill supplies and demands, and the demand shifts are attributed to skill-biased technological change or...
Persistent link: https://www.econbiz.de/10010261619
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Formality, informality, and social welfare
Bennett, John - 2008
An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...
Persistent link: https://www.econbiz.de/10010268865
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Measuring immigration's effects on labor demand: a reexamination of the Mariel Boatlift
Bodvarsson, Örn B.; Lewer, Joshua J.; van den Berg, … - 2007
It is now well known that exogenous immigration shocks tend to have benign effects on native employment outcomes, thanks to various secondary adjustment processes made possible by flexible markets. One adjustment process that has received scant attention is that immigrants, as consumers of the...
Persistent link: https://www.econbiz.de/10010276906
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Economic Conditions at Birth, Birth Weight, Ability, and the Causal Path to Cardiovascular Mortality
van den Berg, Gerard J.; Modin, Bitte - 2013
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10010329078
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Labor Market Prospects, Search Intensity and the Transition from College to Work
van Vuuren, Aico; van der Klaauw, Bas; Berkhout, Peter - 2004
In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non...
Persistent link: https://www.econbiz.de/10010261923
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Combining Micro and Macro Unemployment Duration Data
van den Berg, Gerard J.; van der Klaauw, Bas - 2000
We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...
Persistent link: https://www.econbiz.de/10010262334