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Equilibrium Wage Arrears: A Theoretical and Empirical Analysis of Institutional Lock-In
Earle, John S.; Sabirianova, Klara Z. - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10010262404
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Complementarity and custom in wage contract violation
Earle, John S.; Sabirianova Peter, Klara - 2006
We analyze a model of wage delay in which strategic complementarity arises because each employer's costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...
Persistent link: https://www.econbiz.de/10010287986
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Equilibrium wage arrears : a theoretical and empirical analysis of institutional lock-in
Earle, John S.; Sabirianova Peter, Klara - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
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Privatization, Investment and Ownership Efficiency
Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars - 2008
We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...
Persistent link: https://www.econbiz.de/10010320092
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Complementarity and custom in wage contract violation
Earle, John S. (contributor);  … - 2006
; neighborhood effect ; social interactions ; multiple equilibria ; network externality ; transition ; Russia …
Persistent link: https://www.econbiz.de/10003427035
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Are Oligarchs Productive? Theory and Evidence
Gorodnichenko, Yuriy; Grygorenko, Yegor - 2008
, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …
Persistent link: https://www.econbiz.de/10014068763
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Are Oligarchs Productive? Theory and Evidence
Gorodnichenko, Yuriy; Grygorenko, Yegor - 2021
, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …
Persistent link: https://www.econbiz.de/10013325175
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Great expectations : a tale of two transitions
Girardi, Daniele; Veneziani, Roberto; Wengle, Susanne - 2023
that characterise the transition process in both the economic and political realms. Contrary to a widespread assumption … survey the vast empirical literature on transition economies in order to provide evidence on the correlation between … expectations at the beginning of transition and success of the transition process. We provide the first comprehensive survey of the …
Persistent link: https://www.econbiz.de/10014455426
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Post-reform trends in wage inequality: The case of urban Bolivia
Spatz, Julius; Steiner, Susan - 2002
This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. Applying inequality indices and Fields’ (2001) decomposition methodology to Bolivian household survey data of the years 1989 to 1997, we identify recent trends...
Persistent link: https://www.econbiz.de/10010294131
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Post-reform trends in wage inequality : the case of urban Bolivia
Spatz, Julius; Steiner, Susan - 2002
This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. Applying inequality indices and Fields' (2001) decomposition methodology to Bolivian household survey data of the years 1989 to 1997, we identify recent trends...
Persistent link: https://www.econbiz.de/10011475841