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The Welfare State - Background, Achievements, Problems
Lindbeck, Assar - 2006
This paper starts out with a brief discussion of the historical background, the justifications and the political forces behind the built up of the modern welfare state. It also summarizes its major achievements in terms of economic efficiency and redistribution. The paper also tries to identify...
Persistent link: https://www.econbiz.de/10010320118
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Agency theory meets matching theory
Macho-Stadler, Inés; Pérez-Castrillo, J. David - In: SERIEs - Journal of the Spanish Economic Association 12 (2021) 1, pp. 1-33
The theory of incentives and matching theory can complement each other. In particular, matching theory can be a tool …
Persistent link: https://www.econbiz.de/10014496097
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The role of sickness in the evaluation of job search assistance and sanctions
van den Berg, Gerard J.; Hofmann, Barbara; Uhlendorff, Arne - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011531724
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Delegation and incentives
Bester, Helmut; Krähmer, Daniel - 2006
This paper analyses the relation between authority and incentives. It extends the standard principal / agent model by a …. The agent's subsequent choice of e ort depends both on monetary incentives and the selected project. We nd that the … consideration of e ort incentives makes the principal less likely to delegate the authority over projects to the agent. In fact, if …
Persistent link: https://www.econbiz.de/10010299113
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You Don't Always Get What You Pay For
Schnedler, Wendelin - 2007
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10011422168
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You don't always get what you pay for
Schnedler, Wendelin - 2007
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10010268396
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On the sorting of physicians across medical occupations
Courty, Pascal; Marschke, Gerald - 2008
less exposed to moral hazard risk, face more powerful performance incentives, and are more productive. Under-consumption of …
Persistent link: https://www.econbiz.de/10010269167
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Optimal incentive contracts for a worker who envies his boss
Dur, Robert; Glazer, Amihai - 2004
. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …
Persistent link: https://www.econbiz.de/10010261264
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Ein funktionstüchtiges System privater Arbeitslosenversicherung
Glismann, Hans H.; Schrader, Klaus - 2001
The authors suggest a dual-system model of private unemployment insurance that includes incentives on the side of …
Persistent link: https://www.econbiz.de/10010265500
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A continuous theory of income insurance
Lindbeck, Assar; Persson, Mats - 2010
In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...
Persistent link: https://www.econbiz.de/10010270506