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agent) is repeatedly faced with the opportunity of hiring one among several applicants to fill its vacancies. The firm is … their match with firm. A benevolent and unbiased labor market authority (the principal) enacts a hiring regulation (a direct …-revelation mechanism without transfers) in order to reduce the impact of the firm's bias on its hiring behavior. The hiring regulation is …
Persistent link: https://www.econbiz.de/10014468218
This chapter deals with regulatory policies of the EU towards occupational pensions. It focuses in particular on the pension fund directive adopted in 2003. Largely based on a close reading of official documents, the chapter traces the discussion about a potential social dimension to the...
Persistent link: https://www.econbiz.de/10013103942
Subprime loans were disproportionately offered in minority areas prior to the subprime crisis, even after controlling for other determinants of loan costs. There are two potential explanations for this phenomenon. Lenders could have charged subprime rates in minority areas to compensate for...
Persistent link: https://www.econbiz.de/10013090475
We study how licensing, certification and unionisation affect the wages of natives and migrants and their representation among licensed, certified, and unionized workers. We provide evidence of a dual role of labor market institutions, which both screen workers based on unobservable...
Persistent link: https://www.econbiz.de/10013166814
We study how licensing, certification and unionisation affect the wages of natives and migrants and their representation among licensed, certified, and unionized workers. We provide evidence of a dual role of labor market institutions, which both screen workers based on unobservable...
Persistent link: https://www.econbiz.de/10012818455
There has been a rise in the number of cases of abuses towards foreign unskilled women as reported in the mass media and by non-governmental organizations in Malaysia. This has called into question the rights of female migrant workers in Malaysia. To put into perspective the treatment towards...
Persistent link: https://www.econbiz.de/10013050961
This article analyses the capacity of global non-state networks of civil society actors to effectively supplement weak state regulation in reducing human rights abuse by multi-national companies (MNCs). The effectiveness of NGOs used as part of a network of control finds support both in the...
Persistent link: https://www.econbiz.de/10013226355
Almost every aspect of the life cycle of retail contract and lease transactions, from marketing and account originations to servicing and collections, has received heightened regulatory attention during the past year (2015), since our previous Survey. This Survey highlights the most significant...
Persistent link: https://www.econbiz.de/10012995693
Implementation of workplace policies-whether through enforcement of laws or administration of programs-raises the question of the interaction between institutions created to carry out laws and the activities of workplace based agents that directly (e.g., unions) or indirectly (e.g., insurance...
Persistent link: https://www.econbiz.de/10014035804
Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...
Persistent link: https://www.econbiz.de/10010413791