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Optimal social insurance and rising labor market risk
Krebs, Tom; Scheffel, Martin - 2019
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …
Persistent link: https://www.econbiz.de/10011977744
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Present bias in the labor market : when it pays to be naive
Fahn, Matthias; Seibel, Regina - 2022
We study optimal employment contracts for present-biased employees if firms cannot commit to long-term contracts. Assuming that an employee's effort increases his chances to obtain a future benefit, we show that individuals who are naive about their present bias will actually be better off than...
Persistent link: https://www.econbiz.de/10013194401
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The implications of occupational self-selection in a labor market with moral hazard and asymmetric information
Demiralp, Berna - 2005
Persistent link: https://www.econbiz.de/10003904206
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Equilibrium layoff as termination of a dynamic contract
Wang, Cheng (contributor) - 2006
Persistent link: https://www.econbiz.de/10003410442
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A test for moral hazard in the labor market : contractual arrangements, effort, and health
Foster, Andrew D.; Rosenzweig, Mark Richard - 2008
Persistent link: https://www.econbiz.de/10003556319
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The labor market and corporate structure
Acemoglu, Daron; Newman, Andrew F. - In: European economic review : EER 46 (2002) 10, pp. 1733-1756
Persistent link: https://www.econbiz.de/10001723364
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On the efficiency of markets for managers
Zábojník, Ján - In: Economic theory : official journal of the Society for … 18 (2001) 3, pp. 701-710
Persistent link: https://www.econbiz.de/10001615027
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Labor turnover, wage structures, and moral hazard : the inefficiency of competitive markets
Arnott, Richard J.; Stiglitz, Joseph E. - In: Journal of labor economics 3 (1985) 4, pp. 434-462
Persistent link: https://www.econbiz.de/10001907838
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Do private income transfers increase labor market risk?
Chami, Ralph; Fischer, Jeffrey H. - In: Economics letters 69 (2000) 2, pp. 143-151
Persistent link: https://www.econbiz.de/10001521618
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A test for moral hazard in the labor market : contractual arrangements, effort, and health
Foster, Andrew D. - In: The review of economics and statistics 76 (1994) 2, pp. 213-227
Persistent link: https://www.econbiz.de/10001170708