When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...

Wie bereiten Schulen ihre Schüler auf die Herausforderungen der Zukunft vor? Mit dem OECD-Programme for International Student Assessment (PISA) sind die Voraussetzungen dafür geschaffen worden, anhand von international vergleichbaren Indikatoren die grundlegenden Kompetenzen von 15-jährigen...

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...

This paper derives estimates of the efficiency of welfare spending in Slovenia and the other OECD countries from data envelopment analysis based on model specifications used in earlier OECD studies. Results suggest that Slovenia ranks about 25th among OECD countries for output efficiency: for a...