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Over the last decades, productivity in the tradable sector rose substantially, while in the non-tradable sector, output per worker has remained the same, despite a similar increase in human capital in both sectors. This paper emphasizes that duality in higher education as well as heterogeneous...
Persistent link: https://www.econbiz.de/10012057419
mechanisms, which use both players' reports to determine whether or not a merger will take place and what each player will earn …
Persistent link: https://www.econbiz.de/10010315578
, nor allow for compensation of all damages. The reason is that the magnitudes of the accidents that we study are so big … take care even further because of the moral hazard problem. Another component of the compensation system is the 1969 … improve the situation with the apparent inadequacy of the system to meet the compensation demands from victims. The CLC forces …
Persistent link: https://www.econbiz.de/10013208400
We conducted a randomized field experiment to examine how workers respond to wage cuts, and whether their response depends on the wages paid to coworkers. Workers were assigned to teams of two, performed identical individual tasks, and received the same performance-independent hourly wage....
Persistent link: https://www.econbiz.de/10010316865
This paper studies the extent to which risk-taking incentives of CEOs and other governancefeatures in a range of years prior to the recent financial crisis were related to the write-downsof U.S. financial institutions during the crisis. We document that institutions whose CEOs hadparticularly...
Persistent link: https://www.econbiz.de/10009305115
accounting return on equity (ROE). Further, banks with higher option compensationand with a larger fraction of compensation given …
Persistent link: https://www.econbiz.de/10009305118
This paper presents a model of executive compensation in which the executive is risk averse and has specific knowledge … compensation. Notably, we find that relative performance evaluation is optimal only if the quality of specific knowledge is low. We …
Persistent link: https://www.econbiz.de/10005858765
protection systems can help stabilise the economy in times of crisis, stimulate labour formalisation (especially in developing …
Persistent link: https://www.econbiz.de/10012030390
As the COVID-19 pandemic wreaked havoc along Global Value Systems (GVSs) and India's domestic economic crisis deepened, the already struggling Indian Automotive sector incurred huge losses owing to both demand and supply side factors. In fact, the sector has been under significant strain over...
Persistent link: https://www.econbiz.de/10014309930
. Furthermore, this SAM takes proper account of the compensation of labour for the self-employed and of household income from … data sets include the Palestinian national accounts, the supply and use table, the balance of payments, the labour force … households and labour accounts according to the workplace (West Bank, Israel and rest of the world), which in turn considers …
Persistent link: https://www.econbiz.de/10011725374