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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
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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
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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
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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
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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
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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
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A Theory of Monitoring and Internal Labor Markets
Lang, Kevin; Bose, Gautam - National Bureau of Economic Research (NBER) - 2011
We analyze a firm's job-assignment and worker-monitoring decisions when workers face occasional crises. Firms prefer to assign good workers to a difficult task and to not employ bad workers. Firms observe failures but only observe successfully resolved crises if they monitor the worker. If...
Persistent link: https://www.econbiz.de/10009372423
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How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?
Hart, Oliver D.; Fehr, Ernst; Zehnder, Christian - National Bureau of Economic Research (NBER) - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10009353485
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Property Rights, Land Conflict and Tenancy in Brazil
Alston, Lee J.; Mueller, Bernardo - National Bureau of Economic Research (NBER) - 2010
Tenancy has been a means for labor to advance their socio-economic condition in agriculture yet in Brazil and Latin America, tenancy rates are low compared to the U.S. and the OECD countries. We test for the importance of insecure property rights in Brazil on the reluctance of landowners to rent...
Persistent link: https://www.econbiz.de/10008631684
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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