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Pesaran, Hashem; Smith, Ron P. - 2011

Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...

Persistent link: https://www.econbiz.de/10010278494

Risk, institutions and growth: Why England and not China?

Greif, Avner; Iyigun, Murat; Sasson, Diego - 2011

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

Persistent link: https://www.econbiz.de/10010278525

The impact of worker effort on public sentiment towards temporary migrants

Epstein, Gil S.; Venturini, Alessandra - 2011

Temporary and circular migration programs have been devised by many destination countries and supported by the European Commission as a policy to reduce welfare and social costs of immigration in destination countries. In this paper we present an additional reason for proposing temporary...

Persistent link: https://www.econbiz.de/10010278535

Consistency in organization (updated)

Schlicht, Ekkehart - 2011

modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the … attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic …

Persistent link: https://www.econbiz.de/10010278547

Addressing the legacy costs in an NDC reform: Conceptualization, measurement, financing

Holzmann, Robert; Jousten, Alain - 2010

The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be …

Persistent link: https://www.econbiz.de/10010278557

How to deal with covert child labour, and give children an effective education, in a poor developing country

Cigno, Alessandro - 2011

As credit and insurance markets are imperfect, and given that intra-family transfers, and the way a child uses her time outside school hours, are private information, the second-best policy makes school enrollment compulsory, forces overt child labour below its efficient level (if positive), and...

Persistent link: https://www.econbiz.de/10010278558

Part-time unemployment and optimal unemployment insurance

Ek, Susanne; Holmlund, Bertil - 2011

A significant fraction of the labor force consists of employed workers who are part-time unemployed (underemployed) in the sense that they are unable to work as much as they prefer. This paper develops a search and matching model to study the design of optimal unemployment insurance in an...

Persistent link: https://www.econbiz.de/10010278573

Identification problems in personality psychology

Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - 2011

This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...

Persistent link: https://www.econbiz.de/10010278574

Inequality, inequity aversion, and the provision of public goods

Kölle, Felix; Sliwka, Dirk; Zhou, Nannan - 2011

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...

Persistent link: https://www.econbiz.de/10010278642

Collective bargaining under non-binding contracts

Dobbelaere, Sabien; Luttens, Roland Iwan - 2011

We introduce collective bargaining in a static framework where the firm and its risk-neutral employees negotiate over wages in a non-binding contract setting. Our main result is the equivalence between the non-binding collective equilibrium wage-employment contract and the equilibrium contract...

Persistent link: https://www.econbiz.de/10010278650