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Employment dynamics in a signaling model with workers' incentives
Weingarden, Alison - 2016
Many firms adjust employment in a "lumpy" manner -- infrequently and in large bursts. In this paper, I show that lumpy adjustments can arise from concerns about the incentives of remaining workers. Specifically, I develop a model in which a firm's productivity depends on its workers' effort and...
Persistent link: https://www.econbiz.de/10011709242
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Selective firing and lemons
Weynandt, Michèle - 2014
This paper uses the Austrian Social Security Register (ASSD) to explore what information firms infer from the three common types of displacement: individual layoffs, individuals displaced due to a closure and individuals displaced due to a mass layoff. I bring together two strands of the...
Persistent link: https://www.econbiz.de/10011346047
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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/10003973490
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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/10003978015
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Minimum wage and informality in Ecuador
Canelas, Carla - 2014
wages. The high level of non-compliance, and the important share of informal workers call for new policies and institutions …
Persistent link: https://www.econbiz.de/10010228735
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A continuous model of income insurance
Lindbeck, Assar (contributor); Persson, Mats (contributor) - 2008
We develop a simple yet realistic model of income insurance, where the individual’s ability and willingness to work is treated as a continuous variable. In this framework, income insurance not only provides income smoothing, it also relieves the individual from particularly burdensome work. As...
Persistent link: https://www.econbiz.de/10003746647
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Rational inattention and employer learning
Habermalz, Steffen - 2010
Research on employer learning has provided important insights into the dynamic process that determines individual wages, especially during the early part of a worker's career. However, the recent evidence on the absence of employer learning for college graduates by Arcidiacono et al. (2008) and...
Persistent link: https://www.econbiz.de/10009300804
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A Continuous Theory of Income Insurance
Lindbeck, Assar - 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/10013141884
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Incentive contracts and efficient unemployment benefits
Demougin, Dominique; Helm, Carsten - 2009
Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment … levels and labor productivity. In our model, a higher level of unemployment benefits improves the works position in wage …
Persistent link: https://www.econbiz.de/10003850266
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Employment fluctuations with downward wage rigidity : the role of moral hazard
Costain, James; Jansen, Marcel - 2009
worker moral hazard only makes the "unemployment volatility puzzle" worse. However, moral hazard has potential to explain …
Persistent link: https://www.econbiz.de/10003879378