This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Management meted out punishment to enforce rules and encourage adherence. However, the effectiveness depended on how the employees perceive and interpret the policy. This study tested the effect of reducing individual lateness in a plastic factory. Field experiment was conducted to test the...

This paper utilizes a joint (ordered probit) occupational attainment and wage determination model to examine the channels through which occupational segregation and pay discrimination affect the overall gender wage gap in different sectors of ownership in Egypt. Using a large data set drawn from...

In this study, the amount of skills, behavior and commitment of managers are investigated. For this study, which is descriptive in nature, the specialization model of Sorice, Ok Oh and Ditton. The statistical sample includes 420 staffs chosen from the four areas of education is the city of...

In this paper we analyze the links between health status (measured by selfreported illness occurrence) and individuals’ socioeconomic situation. Using the annual households surveys of Uruguay for the period 1991 to 2000, we compute probit models and find that men, unmarried, young people,...

In this paper we look at the income distribution by cohort in Chile. We construct a synthetic panel from cross section surveys and estimate the income distribution for cohorts born between 1902 and 1978. We then decompose the evolution of these distributions into age, year and cohort effects....

Economic inequality and poverty have persisted in Latin America despite important changes in political and policy regimes. This paper explores the relationship between various human capital programs aimed to reduced poverty and how improvements of those in poverty in the left tail of the earning...

Die Klagen über einen alsbald eintretenden Mangel an Ingenieuren in Deutschland ebben nicht ab. Jüngst hat der Verein Deutscher Ingenieure (VDI) erklärt, dass wegen des hohen Durchschnittsalters der in Deutschland tätigen Ingenieure (50 bis 51 Jahre) ein enormer Ersatzbedarf entstehen werde....

Mit einem Universitätsabschluss können im Durchschnitt höhere Löhne erzielt werden als mit einem niedrigeren Abschluss. Auch das Risiko, arbeitslos zu sein, ist unter Akademikern geringer als für die Gesamtbevölkerung. Doch wie weit liegen die Löhne innerhalb eines Bildungsabschlusses...