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Optimal Employment Contracts with Hidden Search

Lentz, Rasmus - National Bureau of Economic Research (NBER) - 2014

In this paper I explore optimal employment contract design in a random search framework, where workers search on and off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2013). The worker determines the frequency by which employment opportunities arrive...

Persistent link: https://www.econbiz.de/10010796538

Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage

Owyang, Michael T.; Friedberg, Leora; Sinclair, Tara M. - National Bureau of Economic Research (NBER) - 2005

Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar...

Persistent link: https://www.econbiz.de/10005089057

The Consumption-Tightness Puzzle

Ravn, Morten - National Bureau of Economic Research (NBER) - 2006

of theory. Amongst the counterfactual implications are very low volatility of tightness, procyclical unemployment, and a …

Persistent link: https://www.econbiz.de/10005084940

Inequality and Unemployment in a Global Economy

Helpman, Elhanan; Redding, Stephen James; Itskhoki, Oleg - National Bureau of Economic Research (NBER) - 2008

consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …

Persistent link: https://www.econbiz.de/10005720079

An Empirical Model of the Medical Match

Agarwal, Nikhil - National Bureau of Economic Research (NBER) - 2014

This paper develops a framework for estimating preferences in two-sided matching markets with non-transferable utility using only data on observed matches. Unlike single-agent choices, matches depend on the preferences of other agents in the market. I use pairwise stability together with a...

Persistent link: https://www.econbiz.de/10011103504

A Study of the Extent and Potential Causes of Alternative Employment Arrangements

Cappelli, Peter; Keller, JR - National Bureau of Economic Research (NBER) - 2012

The notion of regular, full-time employment as one of the defining features of the U.S. economy has been called into question in recent years by the apparent growth of alternative or "nonstandard" arrangements - part-time work, temporary help, independent contracting, and other arrangements....

Persistent link: https://www.econbiz.de/10010950863

Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments

list, john; Gneezy, Uri - National Bureau of Economic Research (NBER) - 2006

Recent discoveries in behavioral economics have led scholars to question the underpinnings of neoclassical economics. We use insights gained from one of the most influential lines of behavioral research -- gift exchange -- in an attempt to maximize worker effort in two quite distinct tasks: data...

Persistent link: https://www.econbiz.de/10005034907

Investment Tournaments: When Should a Rational Agent Put All Eggs in One Basket?

Schwarz, Michael; Severinov, Sergei - National Bureau of Economic Research (NBER) - 2009

In this paper we study "investment tournaments," a class of decision problems that involve gradual allocation of investment among several alternatives whose values are subject to exogenous shocks. The decision-maker's payoff is determined by the final values of the alternatives. An important...

Persistent link: https://www.econbiz.de/10005040624

Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes

Bayer, Patrick; topa, giorgio; Ross, Stephen - National Bureau of Economic Research (NBER) - 2005

We use a novel research design to empirically detect the effect of social interactions among neighbors on labor market outcomes. Specifically, using Census data that characterize residential and employment locations down to the city block, we examine whether individuals residing in the same...

Persistent link: https://www.econbiz.de/10005084711

The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform

Kugler, Adriana - National Bureau of Economic Research (NBER) - 2004

-state conditions of the model, suggest the reform contributed to 10% of the reduction in unemployment during the period of study. …

Persistent link: https://www.econbiz.de/10005027094