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A Structural Empirical Model of Firm Growth, Learning, and Survival

Abbring, Jaap H.; Campbell, Jeffrey R. - 2003

We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …

Persistent link: https://www.econbiz.de/10010262756

Employment Effects of Dispersal Policies on Refugee Immigrants, Part I: Theory

Damm, Anna Piil; Rosholm, Michael - 2003

This paper formulates a partial search model in which unemployed individuals simultaneously search for job and location of residence. Most importantly, we show that, ceteris paribus, a decrease in current place utility increases the transition rate into a new location of residence and the...

Persistent link: https://www.econbiz.de/10010261631

Employment Effects of Dispersal Policies on Refugee Immigrants, Part II: Empirical Evidence

Damm, Anna Piil; Rosholm, Michael - 2003

into relocation to another municipality by joint estimation of the duration of the first non-employment spell and time … until relocation. The main estimation results are as follows: First, the hazard rate into first job is increasing in the …

Persistent link: https://www.econbiz.de/10010261632

Time, money, peers, and parents : some data and theories on teenage behavior

Kooreman, Peter - 2003

In the first part of the paper I analyze a data set on teenage behavior. The data is a sample of high school students in the Netherlands, and contains information on teenage time use, income, expenditures, and subjective measures of well-being and self-esteem. As all students in a sampled class...

Persistent link: https://www.econbiz.de/10010261636

Earnings instability of job stayers and job changers

Leonardi, Marco - 2003

I use the PSID to decompose the rise in wage inequality into a permanent and a transitory component. I consider separately job stayers and job changers. I find that earnings instability (the variance of the transitory component of earnings) increased much more among job changers than among job...

Persistent link: https://www.econbiz.de/10010261646

Potential, prizes and performance : testing tournament theory with professional tennis data

Sunde, Uwe - 2003

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

Persistent link: https://www.econbiz.de/10010261647

Minimum wage effects on labor market outcomes under search with bargaining

Flinn, Christopher J. - 2003

Building upon a continuous-time model of search with Nash bargaining in a stationary environment, we analyze the effect of changes in minimum wages on labor market outcomes and welfare. While minimum wage increases invariably lead to employment losses in our model, they may be welfare-improving...

Persistent link: https://www.econbiz.de/10010261648

Labor and the Market Value of the Firm

Merz, Monika; Yashiv, Eran - 2003

What role does labor play in firms? market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction being...

Persistent link: https://www.econbiz.de/10010261658

Consumption Smoothing and the Structure of Labor and Credit Markets

Bertola, Giuseppe; Koeniger, Winfried - 2004

Smoother labor incomes alleviate credit constraints by reducing workers' desire to borrow, and prospects of upward income mobility have smaller beneficial effects for currently poor workers when borrowing constraints are binding. These simple theoretical insights are consistent with the...

Persistent link: https://www.econbiz.de/10010261817

Dynamic Treatment Assignment : The Consequences for Evaluations Using Observational Data

Fredriksson, Peter; Johansson, Per - 2004

This paper discusses the evaluation problem using observational data when the timing of treatment is an outcome of a stochastic process. We show that the duration framework in discrete time provides a fertile ground for effect evaluations. We suggest easy-to-use nonparametric survival function...

Persistent link: https://www.econbiz.de/10010261825

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