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turnover capturing the immediate gains from search behavior in the short run. Younger workers benefit relatively more from the … sector for most countries, and particularly so for workers without college education. Moreover, total job separations and … wage growth by percentiles for all workers and job-to-job movers for each country over a more extended period. We find that …
Persistent link: https://www.econbiz.de/10014550817
This paper investigates the effects of political (mis)alignment on public service delivery when mandates are shared between state and local governments. We analyze sewage treatment policies in the state of São Paulo, Brazil. Relying on difference-in-differences estimations, we establish a...
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This paper aims to characterise a dynamic, incentive-compatible contract for the provision of health services, allowing for both moral hazard and adverse selection. Patients' severity changes over time following a stochastic process and is private information of the provider. We characterise the...
Persistent link: https://www.econbiz.de/10014342117
integration of sustainability criteria in all enterprises' decision-making and risk management and control processes, becomes more …
Persistent link: https://www.econbiz.de/10014391219
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets … their contracts and agents can switch firms. As long as the ex-post market outcome satisfies a weak notion of … properties. In addition, we show that equilibrium contracts without commitment are identical to those with full commitment if the …
Persistent link: https://www.econbiz.de/10003894094
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We examine a “Rotten Kid” model (Becker 1974) where a player with social preferences interacts with an egoistic player. We assume that social preferences are intentionbased rather than outcome-based. In a very general multi-stage setting we show that any equilibrium must involve mutually...
Persistent link: https://www.econbiz.de/10008695432