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Pensions, Unions and Implicit Contracts
Gustman, Alan L. - 2010
This paper analyzes the relation of pension coverage and key plan characteristics to measures of union membership and strength, and to related interactions. The large and significant relationships which are found cannot be explained by, and are often inconsistent with, predictions obtained by...
Persistent link: https://www.econbiz.de/10012760319
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Involuntary Terminations Under Explicit and Implicit Employment Contracts
Medoff, James L.; Abraham, Katharine G. - 2021
This study investigates where and when last-in-first-out permanent layoff policies seem to go hand in hand with compensation policies under which the net value of senior workers appears to be less than that of their junior peers. The investigation relies upon both the approximately 260 usable...
Persistent link: https://www.econbiz.de/10013236821
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Dynastic Management
Caselli, Francesco - 2014
potential source of inefficiency: if the heir to the family firm has no talent for managerial decision making, meritocracy fails …
Persistent link: https://www.econbiz.de/10012752756
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Families in Macroeconomics
Doepke, Matthias - 2016
. Yet the family (and decision-making in families) is typically ignored in macroeconomic models. In this chapter, we argue …
Persistent link: https://www.econbiz.de/10012996888
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Personal Bankruptcy and the Level of Entrepreneurial Activity
Fan, Wei; White, Michelle J. - 2022
The U.S. personal bankruptcy system functions as a bankruptcy system for small businesses as well as consumers, because debts of non-corporate firms are personal liabilities of the firms' owners. If the firm fails, the owner has an incentive to file for bankruptcy, since both business debts and...
Persistent link: https://www.econbiz.de/10013309217
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An Empirical Assessment of Alternative Models of Risky Decision Making
Baker, Joanna R. - 2010
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … enough to approximate Kahnenman and Tversky's prospect theory and that for certain parametric values will yield the expected … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the …
Persistent link: https://www.econbiz.de/10013135363
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An Economic Model of Amniocentesis Choice
Fajnzylber, Eduardo - 2010
Medical practitioners typically utilize the following protocol when advising pregnant women about testing for the possibility of genetic disorders: Pregnant women over the age of 35 should be tested for Down syndrome and other genetic disorders; for younger women, such tests are discouraged...
Persistent link: https://www.econbiz.de/10013138773
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Sticking with What (Barely) Worked
Lefgren, Lars - 2011
Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by professional football coaches. We find they are more...
Persistent link: https://www.econbiz.de/10013119785
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Conforming and Non-Conforming Peer Effects in Vaccination Decisions
Bodine-Baron, Elizabeth - 2013
Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …
Persistent link: https://www.econbiz.de/10013074645
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Measuring Intertemporal Preferences Using Response Times
Chabris, Christopher F. - 2010
We use two different approaches to measure intertemporal preferences. First we employ the classical method of inferring preferences from a series of choices (subjects choose between $X now or $Y in D days). Second we adopt the novel approach of inferring preferences using only response time data...
Persistent link: https://www.econbiz.de/10012758348