We analyze the effect of investments in corporate social responsibility(CSR) on workers’ motivation. In our experiment, a gift exchange game variant,CSR is captured by donating a certain share of profits to a charity. Weare testing for CSR effects by varying the possible share of profits given...

This paper deals with the relationship between management quality, firm size, and managerial compensation.

We exploit a universe dataset of state school students in England with linkedtest score records to document the evolution of attainment through school fordifferent ethnic groups. The analysis yields a number of striking findings. First,we show that, controlling for personal characteristics, all...

Truancy is often seen as irrational behaviour on the part of school ageyouth. This paper takes the opposite view and models truancy as thesolution to a time allocation problem in which youths derive currentreturns from activities that reduce time spent at school. The model isestimated using a US...

Informality has long been a salient phenomenon in developing country labor markets, thushas been addressed in several theoretical and empirical research. Turkey, given its economicand demographic dynamics, provides rich evidence for a growing, heterogeneous andmultifaceted informal labor market....

There is no robust empirical support for the effect of financial incentives on the decision towork in self-employment rather than as a wage earner. In the literature, this is seen as apuzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee.Information on income...

While results are starting to emerge, not much is known yet about the dynamics of the labormarkets of the former Eastern economies, especially in the context of the current FinancialCrisis. Arguably, this is mainly due to paucity of (panel) data. By examining labor markettransitions, earnings...

We study market inefficiencies and policy remedies when agents choose their occupations, and entrepreneurialtalent is subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection. The severity of this problem depends on the outside...

The Bologna process inspired the Italian 3+2 reform of the university system whichconstitutes a big increase in the supply of college graduates. This paper is a preliminaryattempt to identify the effects of the reform on (i) the relative probability (relative to nongraduates)of employment of...

We analyze empirically the effects of urban agglomeration on Italian college graduates’ workpossibilities as entrepreneurs three years after graduation. We find that each 100,000inhabitant-increase in the size of the individual’s province of work reduces the chances ofbeing an entrepreneur...