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The Effect of Firing Costs on Worker Productivity and Turnover : Theory and Evidence
Ekinci, Emre - 2020
This paper explores, both theoretically and empirically, how firing costs affect worker productivity and turnover. We develop a model in which workers are essential to knowledge transfer between firms and worker effort is firm-specific in the sense that a worker can be fired before reaping the...
Persistent link: https://www.econbiz.de/10012841576
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The impact of risk and mobility in dualistic models : migration under random shocks
Martins, Ana Paula - In: Journal of economics, finance & administrative science 20 (2015) 38, pp. 2-20
In this paper we present and confront the expected outcome of an increase in risk on the regional or sectoral allocation of labor force and employment. The basic frameworks are the benchmark dualistic scenarios. A single-input analysis of a homogeneous product economy is provided. Uncertainty is...
Persistent link: https://www.econbiz.de/10011873009
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Uncertainty in Labor Productivity and Specific Human Capital Investment
Bai, Chong-En; Wang, Yijiang - 2002
, industries, and economies. The question arises: How do variations in ULP affect specific human capital (SHC) investment, wage … SHC investment, wage offer, and probability of separation, depending on the initial level of ULP. Wage and SHC are always … positively correlated, but SHC investment and labor turnover do not have a monotonic relationship. These results have …
Persistent link: https://www.econbiz.de/10014122573
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Automation risk along individual careers : static and dynamic upgrades in cities
Czaller, László; Eriksson, László; Lengyel, Balázs - 2020
Automation risk of workers prevails less in large cities compared to small cities, but little is known about the drivers of this emerging urban phenomenon. We examine the role of cities on changes in automation risk through individual careers of workers by separating labour mobility to a city...
Persistent link: https://www.econbiz.de/10012254043
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It's the opportunity cost, stupid! : how self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - 2011
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10009522492
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It's the opportunity cost, stupid! : how self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - 2011
Persistent link: https://www.econbiz.de/10009720711
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It's the Opportunity Cost, Stupid! How Self-Employment Responds to Financial Incentives of Return, Risk and Skew
Berkhout, Peter H. G. - 2011
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10013117620
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A Model of Industry Tournament Incentives
Coles, Jeffrey L. - 2020
This paper builds on Rosen (1981) and Hvide (2002) to provide a simple framework that elucidates the nature of incentives in the tournaments among top executives in both the external managerial labor market for the top executive positions in other companies and within the executives' own firm...
Persistent link: https://www.econbiz.de/10012842651
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Wage risk and the value of job mobility in early employment careers
Liu, Kai - 2015
This paper shows that job mobility is a valuable channel which employed workers use to mitigate bad labor market shocks. I construct and estimate a model of wage dynamics jointly with a dynamic model of job mobility. The key feature of the model is the specification of wage shocks at the worker-...
Persistent link: https://www.econbiz.de/10011308407
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Wage Risk and the Value of Job Mobility in Early Employment Careers
Liu, Kai - 2015
This paper shows that job mobility is a valuable channel which employed workers use to mitigate bad labor market shocks. I construct and estimate a model of wage dynamics jointly with a dynamic model of job mobility. The key feature of the model is the specification of wage shocks at the worker-...
Persistent link: https://www.econbiz.de/10013016246