This paper uses a hand-collected dataset of venture capital partnership agreements to study venture capitalists' compensation. Several new findings emerge. First, VC compensation consists of three elements, not two (management fee and carried interest), as commonly believed. The third element is...

J20, J30, J40, J50 </AbstractSection> Copyright Angel-Urdinola and Leon-Solano; licensee Springer. 2013

This paper studies the organization of the internal labour market of postal services in Spain from 1890 to 1935. The paper discusses the evolution of total employment in relation to postal traffic and average nominal and real wages. The paper then analyses the operation of the internal labour...

The negative relationship between wages and unemployment, embodied within the so-called wage curve, has an extensive literature and has been referred to as ‘an empirical law of economics’. However there are newer alternative theories that seek to explain the variation in wages without...

Based on a new panel dataset created in close cooperation with one of the largest temporary help agencies (THAs) in Germany, this paper presents novel evidence on key aspects of temporary agency work, a segment of the labor market that despite its growing importance remains underresearched. In...

This paper produces first econometric estimates for Germany of the contemporanous wage gap associated with Temporary Help Service (THS) employment, as well as the long-term effects of THS work on the future earnings of workers. In addition, we present evidence showing that average male real...

This paper provides both descriptive and empirical evidence about the main youth labour market problems in Spain. Using the experiences of other EU economies as a benchmark, we document the performance of Spain as regards a wide set of youth labour market dimensions. These include employment and...

The high incidence of temporary agency employment among participants in government employment programs has catalyzed debate about whether these jobs help the poor transition into stable employment and out of poverty. We provide direct evidence on this question through analysis of a Michigan...

This paper studies experimentally how the existence of social information networks affects the ways in which firms recruit new personnel. Through such networks firms learn about prospective employees performance in previous jobs. Assuming individualistic preferences social networks are predicted...

El volumen reune diversos trabajos sobre los mercados laborales en los tres países durante la década comprendida entre 1997 y 2008. En los tres casos se hacen análisis globales de la situación laboral de cada país así como análisis particualres de las áreas rurales y las áreas urbanas....