Similar Search Results

House, Christopher L. - 2012

We develop a dynamic equilibrium model of labor demand with adverse selection. Firms learn the quality of newly hired workers after a period of employment. Adverse selection makes it costly to hire new workers and to release productive workers. As a result, firms hoard labor and under-react to...

Persistent link: https://www.econbiz.de/10013108250

The Economics of Fraudulent Accounting

Kedia, Simi - 2010

We argue that earnings management and fraudulent accounting have important economic consequences. In a model where the costs of earnings management are endogenous, we show that in equilibrium, bad managers hire and invest too much in order to pool with the good managers. This behavior distorts...

Persistent link: https://www.econbiz.de/10012762395

The Effects of Human Resource Management Practices on Productivity

Ichniowski, Casey; Shaw, Kathryn L.; Prennushi, Giovanna - 2021

Increasingly, firms are considering the adoption of new work practices, such as problem-solving teams, enhanced communication with workers, employment security, flexibility in job assignments, training workers for multiple jobs, and greater reliance on incentive pay. This paper provides...

Persistent link: https://www.econbiz.de/10013249693

Worker Replacement

Menzio, Guido - 2010

Consider a labor market in which firms want to insure existing employees against income fluctuations and, simultaneously, want to recruit new employees to fill vacant jobs. Firms can commit to a wage policy, i.e. a policy that specifies the wage paid to their employees as a function of tenure,...

Persistent link: https://www.econbiz.de/10013143467

Personnel Economics : Hiring and Incentives

Oyer, Paul - 2010

conform to theory. We survey some literature in this area and suggest areas for further research …

Persistent link: https://www.econbiz.de/10013143759

Capital Structure and a Firm's Workforce

Matsa, David A. - 2018

While businesses require funding to start and grow, they also rely on human capital, which affects how they raise funds. Labor market frictions make financing labor different than financing capital. Unlike capital, labor cannot be owned and can act strategically. Workers face unemployment costs,...

Persistent link: https://www.econbiz.de/10012909869

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

1
2
3
4
5
6
7
8
9
10
Next
Last