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The life-cycle and the business-cycle of wage risk: a cross-country comparison
Bayer, Christian; Juessen, Falko - 2009
, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three … countries. Second, the cross-sectional variance of wages is almost linearly increasing in household age in all three countries …
Persistent link: https://www.econbiz.de/10010271322
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Do Wages Really Compensate for Risk Aversion and Skewness Affection?
Hartog, Joop; Vijverberg, Wim P. M. - 2002
Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of … finds supportive evidence: wages rise with occupational earnings variance and decrease with skewness. In order to identify …
Persistent link: https://www.econbiz.de/10010262821
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010294835
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Accidents, liability obligations and monopolized markets for spare parts: profits and social welfare
Baake, Pio - 2008
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …
Persistent link: https://www.econbiz.de/10010265005
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Dealing with Excessive Off-label Drug Use: Liability vs. Patent Prolongation
Felder, Stefan; Olbrich, Anja - 2009
reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …
Persistent link: https://www.econbiz.de/10010265794
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
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Earnings Losses After Non-employment Increase With Age
Zwick, Thomas - 2008
This paper shows that earnings losses after unemployment increase with age. First, older employees start out with relatively high earnings in comparison to employees without employment interruptions several years before the non-employment spell. This earnings advantage turns into a strong...
Persistent link: https://www.econbiz.de/10010298052
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The Value of Pain Relief
Furnée, Carina; Kemler, Marius; Pfann, Gerard A. - 2001
This paper measures the value of functional capacity improvement from electronic pain treatment among a sample of Dutch workers with peripheral nerve injuries. Randomized clinical trial data and individual medical records from injured workers are compared with administrative data of healthy...
Persistent link: https://www.econbiz.de/10010262518
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Earnings losses and labor mobility over the lifecycle
Jung, Philip; Kuhn, Nikolas Moritz - 2012
Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...
Persistent link: https://www.econbiz.de/10010290018
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Rainfall forecasts, weather and wages over the agricultural production cycle
Rosenzweig, Mark R.; Udry, Christopher - 2014
the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting …We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of … stage, by lowering ex ante out-migration, and can exacerbate the negative impact of adverse weather on harvest-stage wages …
Persistent link: https://www.econbiz.de/10010369059