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Becker meets Ricardo: Multisector matching with social and cognitive skills

McCann, Robert J.; Shi, Xianwen; Siow, Aloysius; … - 2012

communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …

Persistent link: https://www.econbiz.de/10010282273

The demographic transition: Causes and consequences

Galor, Oded - 2012

This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...

Persistent link: https://www.econbiz.de/10010282290

How do informal agreements and renegotiation shape contractual reference points?

Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011

(2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships … suggest refinements of the theory. In particular, we find that the availability of informal agreements and ex post …

Persistent link: https://www.econbiz.de/10010282296

Bayesian procedures as a numerical tool for the estimation of dynamic discrete choice models

Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - 2012

assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method …

Persistent link: https://www.econbiz.de/10010282308

Laws and norms

Benabou, Roland; Tirole, Jean - 2012

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...

Persistent link: https://www.econbiz.de/10010282313

Equilibrium unemployment and retirement

Hairault, Jean-Olivier; Langot, François; Zylberberg, Andre - 2012

. Considering Social Security policy issues, we show that the complete elimination of the implicit tax on continued activity is not …

Persistent link: https://www.econbiz.de/10010282314

Should easier access to international credit replace foreign aid?

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10010282320

Repeated selection with heterogenous individuals and relative age effects

Dawid, Herbert; Muehlheusser, Gerd - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...

Persistent link: https://www.econbiz.de/10010282330

Severance packages

Postel-Vinay, Fabien; Turon, Hélène - 2011

Job-to-job turnover provides a way for employers to escape statutory firing costs, as unprofitable workers may willfully quit their job on receiving an outside offer, thus sparing their incumbent employer the firing costs. Furthermore, employers can induce their unprofitable workers to accept...

Persistent link: https://www.econbiz.de/10010282341

Tax evasion, minimum wage non-compliance and informality

Basu, Arnab K.; Chau, Nancy; Siddique, Zahra - 2011

We study the impact of tax and minimum wage reforms on the incidence of informality. To gauge the incidence of … informality, we use measures of the extent of tax evasion, the extent of minimum wage non-compliance, and the size of the informal … and actual wage distribution, (ii) the complementarity of tax and minimum wage enforcement, (iii) the impact that a …

Persistent link: https://www.econbiz.de/10010282348