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This paper considers the e effcts of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10009615156
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008824325
The female share in management positions is quite low in Germany. The higher the hierarchical level, the fewer women … boards of the top 200 private companies in Germany, only 2.5 percent of members are female. Many studies have focused on the … other white-collar employees in Germany's private sector. While bivariate results based on data from the German Socio …
Persistent link: https://www.econbiz.de/10011636698
The affordability of housing has become a major topic of discussion in Germany among both social scientists and the …
Persistent link: https://www.econbiz.de/10011441591
music education programs are becoming increasingly popular among policy makers in Germany and other developed countries …
Persistent link: https://www.econbiz.de/10011441643
Nationally representative panel survey data for Germany and Australia are used to investigate the impact of working …
Persistent link: https://www.econbiz.de/10011482630
entitlements and sheds light on determinants of this behavior. Against the background that educational mobility in Germany is low … former socialist East Germany choose to take up student aid than similar West German students. Finally, in line with …
Persistent link: https://www.econbiz.de/10011482632
-wing preferences and attitudes towards immigration. Using longitudinal data from Germany, our intergenerational estimates suggest that …
Persistent link: https://www.econbiz.de/10011482633
We propose a new non-linear regression model for rating dependent variables. The rating scale model accounts for the upper and lower bounds of ratings. Parametric and semi-parametric estimation is discussed. An application investigates the relationship between stated health satisfaction and...
Persistent link: https://www.econbiz.de/10011482659
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011509111