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Well-Being and Trust in the Workplace
Helliwell, John F. - 2009
This paper summarizes and extends our recent work using life satisfaction regressions to estimate the relative values of financial and non-financial job characteristics. The well-being results show strikingly large values for non-financial job characteristics, especially workplace trust and...
Persistent link: https://www.econbiz.de/10012765570
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Global Supply Chains and Wage Inequality
Costinot, Arnaud - 2012
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different countries specialize in different stages of a sequential production process. In Arnaud Costinot, Jonathan Vogel and Su Wang (2011), CVW hereafter, we have developed a simple theory...
Persistent link: https://www.econbiz.de/10013107972
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Why are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry
Hubbard, Thomas N. - 2021
Recent advances in information technology (IT) have enabled firms in many industries to give middle managers new access to timely production data. Process monitoring' technologies give distant managers a window to production which can both lower their cost of monitoring subordinates and provide...
Persistent link: https://www.econbiz.de/10013239158
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …
Persistent link: https://www.econbiz.de/10013128268
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The Organization of Firms Across Countries
Bloom, Nicholas - 2012
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...
Persistent link: https://www.econbiz.de/10013116932
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Financial Literacy, Retirement Planning, and Household Wealth
van Rooij, Maarten - 2011
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no personal assets. In this paper, we investigate the...
Persistent link: https://www.econbiz.de/10013121050
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Confidence and the Transmission of Government Spending Shocks
Bachmann, Ruediger - 2011
There seems to be a widespread belief among economists, policy-makers, and members of the media that the "confidence … augmented to include empirical measures of consumer or business confidence. We also estimate non-linear VAR specifications to … allow for differential impacts of government spending in "normal'' times versus recessions. In normal times confidence does …
Persistent link: https://www.econbiz.de/10013124852
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The Making of a Great Contraction with a Liquidity Trap and a Jobless Recovery
Schmitt-Grohé, Stephanie - 2012
confidence shock. Lack-of-confidence shocks play a central role in generating jobless recoveries, for fundamental shocks, such as …
Persistent link: https://www.econbiz.de/10013097777
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Trust and Cheating
Butler, Jeffrey V. - 2012
When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...
Persistent link: https://www.econbiz.de/10013098476
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Money Doctors
Gennaioli, Nicola - 2012
We present a new model of money management, in which investors delegate portfolio management to professionals based not only on performance, but also on trust. Trust in the manager reduces an investor's perception of the riskiness of a given investment, and allows managers to charge higher fees...
Persistent link: https://www.econbiz.de/10013104732