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Gibbons, Robert S. - 2021

the discussion of incentives, I first summarize theory and evidence related to the classic agency model, which emphasizes … economics); I identify ten basic questions that merit more systematic investigation. Turning to theory, I describe building …

Persistent link: https://www.econbiz.de/10013217206

Promotions and the Peter Principle

Benson, Alan - 2018

The best worker is not always the best candidate for manager. In these cases, do firms promote the best potential manager or the best worker in her current job? Using microdata on the performance of sales workers at 214 firms, we find evidence consistent with the “Peter Principle,” which...

Persistent link: https://www.econbiz.de/10012927014

Heterogeneity in Human Capital Investments : High School Curriculum, College Major, and Careers

Altonji, Joseph G. - 2012

Motivated by the large differences in labor market outcomes across college majors, we survey the literature on the demand for and return to high school and post-secondary education by field of study. We combine elements from several papers to provide a dynamic model of education and occupation...

Persistent link: https://www.econbiz.de/10013107769

Sources of Lifetime Inequality

Huggett, Mark - 2010

Is lifetime inequality mainly due to differences across people established early in life or to differences in luck experienced over the working lifetime? We answer this question within a model that features idiosyncratic shocks to human capital, estimated directly from data, as well as...

Persistent link: https://www.econbiz.de/10012759986

Female Labour Supply, Human Capital and Welfare Reform

Blundell, Richard W.; Costa Dias, Monica; Meghir, Costas; … - 2021

We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in the UK, exploiting tax and benefit reforms, and use it to analyze the effects of welfare policy. We find substantial elasticities for labor supply and particularly for lone...

Persistent link: https://www.econbiz.de/10013224392

Formal Employee Training Programs and Their Impact on Labor Produc- Tivity : Evidence from a Human Resources Survey

Bartel, Ann P. - 2021

Although economic models of training decisions are framed in terms of a company's calculation of the costs and benefits of such training, empirical work has never been able to test this model directly on company behavior. This paper utilizes a unique database to analyze the determinants of the...

Persistent link: https://www.econbiz.de/10013234064

How Much Does Sorting Increase Inequality?

Kremer, Michael - 2021

Social commentators from William Julius Wilson to Charles Murray have argued that increased sorting of people into internally homogeneous" neighborhoods,schools, and marriages is spurring long-run inequality. Cali- bration of a formal model suggests that these fears are misplaced. In order to...

Persistent link: https://www.econbiz.de/10013239355

Bilateral Search as an Explanation for Labor Market Segmentation and Other Anomalies

Lang, Kevin; Dickens, William T. - 2021

Since applying for jobs is costly, workers prefer applying where their employment probability is high and, therefore, to jobs attracting fewer higher quality applicants. Since creating vacancies is expensive, firms create more vacancies when job-seeking is high. Our model captures these ideas...

Persistent link: https://www.econbiz.de/10013240959

Labor Market Segmentation Theory : Reconsidering the Evidence

Dickens, William T.; Lang, Kevin - 2021

We argue that Labor Market Segmentation theory is a good alternative to standard views of the labor market. Since it is … sometimes argued that labor market segmentation theory is untestable, we first consider the uses of theory and the attributes of … a good theory. We then argue that labor market segmentation has these attributes. It is internally consistent and is …

Persistent link: https://www.econbiz.de/10013244084

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard; Aizenman, Joshua - 2022

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10013308614

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