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Intercollegiate amateur athletics in the US largely bars student-athletes from sharing in any of the profits generated by their participation, which creates substantial economic rents for universities. These rents are primarily generated by men's football and men's basketball programs. We...
Persistent link: https://www.econbiz.de/10012824285
Game theory makes strong predictions about how individuals should behave in two player, zero sum games. When players follow a mixed strategy, equilibrium payoffs should be equalized across actions, and choices should be serially uncorrelated. Laboratory experiments have generated large and...
Persistent link: https://www.econbiz.de/10013224414
substantial negative effects of unemployment duration on wages of 0.8% per month …This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …
Persistent link: https://www.econbiz.de/10013071300
for the vacancy, and the duration of the vacancy. We find that the wage is positively related to the duration of a vacancy … consistent with a view of the labor market in which firms post wages and workers direct their search based on these wages if …
Persistent link: https://www.econbiz.de/10012977631
being a worker with zero unemployment duration, the wage with ranking is much more sensitive to changes in the tightness of … the labor market. The same holds for efficiency wages …
Persistent link: https://www.econbiz.de/10013210544
In this paper, we analyze the relationship between how long an employer has been in business (firm age) and wages … have been in business longer pay higher wages (as previous studies have found), but pay if anything lower wages after … controlling for worker characteristics. There is some evidence that the relationship is not monotonic, with wages falling and then …
Persistent link: https://www.econbiz.de/10013227874
unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are …
Persistent link: https://www.econbiz.de/10013081844
This paper documents that the time required to initiate and complete a home foreclosure rose from about 9 months on average prior to the Great Recession to an average of 15 months during the Great Recession and afterward. We refer to these changes as foreclosure delay. We also document that many...
Persistent link: https://www.econbiz.de/10013015980
U.S. companies are often criticized for being overly short-term oriented. This paper documents that those criticisms have a long history, going back at least thirty-five years. The paper then considers the implications of sustained short-termism for corporate profits, venture capital investments...
Persistent link: https://www.econbiz.de/10012954942
Military spending, fatalities, and the destruction of capital, all of which are immediately felt and are often large, are the most overt costs of war. They are also relatively short-lived. The costs of war borne by combatants and their caretakers, which includes families, communities, and the...
Persistent link: https://www.econbiz.de/10013142072