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Index Effects : Demand or Information?
Aghaee Shahrbabaki, Alireza - 2022
Demand of passive index tracking funds has fared as a convincing explanation to justify the large positive (negative …) abnormal returns experienced by firms added to (deleted from) S&P 500. However, the shrinking magnitude of the index effect … predicts, and substantial abnormal returns before the index announcements suggest that demand of index funds doesn’t seem to be …
Persistent link: https://www.econbiz.de/10014265518
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Why do firms pay an overtime premium?
Hart, Robert A.; Ma, Yue - 2000
wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The …
Persistent link: https://www.econbiz.de/10011335237
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Eliminating persistent statistical discrimination : an analysis of several policy options
Glawtschew, Rebecca M. - In: The B.E. journal of economic analysis & policy 15 (2015) 2, pp. 523-588
Persistent link: https://www.econbiz.de/10011339270
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On the efficiency properties of the Roy's model under asymmetric information
Mendolicchio, Concetta; Pietra, Tito - 2014
We consider Roy's economies with perfectly competitive labor markets and asymmetric information. Firms choose their investments in physical capital before observing the characteristics of the labor markets they will face. We provide conditions under which equilibrium allocations are constrained...
Persistent link: https://www.econbiz.de/10010350801
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Optimal information asymmetry, control environment, and investment in firm-specific human capital
Brisley, Neil; Douglas, Alan V. S. - In: The accounting review : a publication of the American … 90 (2015) 3, pp. 917-939
Persistent link: https://www.econbiz.de/10011295574
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Opportunity and inequality across generations
Koeniger, Winfried; Zanella, Carlo - 2022
We evaluate a temporary public sector employment program targeted at individuals with weak labor market attachment, applying dynamic inverse probability weighting to account for dynamic selection. We show that the program is successful in increasing employment and reducing social assistance....
Persistent link: https://www.econbiz.de/10012879620
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Signaling and employer learning with instruments
Aryal, Gaurab; Bhuller, Manudeep; Lange, Fabian - 2020
private returns to education within the employer learning framework of Farber and Gibbons [1996] and Altonji and Pierret [2001 …
Persistent link: https://www.econbiz.de/10012162512
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Opportunity and inequality across generations
Koeniger, Winfried; Zanella, Carlo - 2020
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012166025
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Signaling and employer learning with instruments
Aryal, Gaurab; Bhuller, Manudeep; Lange, Fabian - 2020
private returns to education within the employer learning framework of Farber and Gibbons [1996] and Altonji and Pierret [2001 …
Persistent link: https://www.econbiz.de/10012169372
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Optimal redistribution and education signaling
Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2024
This paper studies optimal taxation of income and education when employers cannot observe workers' productivity and workers signal their productivity to firms by choosing both quantity and quality of education. We characterize constrained efficient allocations and derive conditions under which...
Persistent link: https://www.econbiz.de/10014490255