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The paper studies a learning model in which information about a worker's ability can be acquired symmetrically by the … tasks, provide a sufficiently accurate measure of ability. We then examine the strategic effects of the dynamics of learning …
Persistent link: https://www.econbiz.de/10005063711
This paper develops and structurally estimates a learning model in which firms acquire information about workers … jobs and firms. Because of the trade--off between learning and short--run profit maximization, a firm's optimal job … learning model can succeed in fitting the dynamic pattern of separations, promotions and demotions, and individual wage …
Persistent link: https://www.econbiz.de/10005090831
This paper investigates a learning model in which information about a worker's ability, unobserved to both the worker … requires. We then examine the strategic effects of the dynamics of learning on a worker's career profile. We prove that price …
Persistent link: https://www.econbiz.de/10005090887
Austria is among the very few countries in the European Union which have managed to maintain comparatively low unemployment rates and high employment rates. In international comparison Austrian unemployment is very stable over the business cycle. This is mainly due to the high sensitivity of the...
Persistent link: https://www.econbiz.de/10010291921
Wir untersuchen den Beitrag von betriebsspezifischen Lohnaufschlägen, die in jüngerer Zeit zur Erhöhung der Lohnungleichheit in Westdeutschland beigetragen haben. Es werden Modelle mit additiv fixen Effekten für Arbeitnehmer und Betriebe für vier verschiedene Zeitintervalle über den...
Persistent link: https://www.econbiz.de/10010323788
This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...
Persistent link: https://www.econbiz.de/10010325044
Civil servants have a reputation for being lazy. However, people's personal experiences with civil servants frequently run counter to this stereotype. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive...
Persistent link: https://www.econbiz.de/10010325258
This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make a firm in a competitive labor market face an upward-sloping supply curve of labor, lead workers with the same characteristics but at different firms to earn different...
Persistent link: https://www.econbiz.de/10010325289
Many street-level bureaucrats (such as caseworkers) have the dual task of helping some clients, while sanctioning others. We develop a model of such a street-level bureaucracy and study the implications of its personnel policy on the self-selection and allocation decisions of agents who differ...
Persistent link: https://www.econbiz.de/10010325683
At first blush, most advances in labour demand were achieved by the late 1980s. Since then progress might appear to have stalled. We argue to the contrary that significant progress has been made in understanding labour market frictions and imperfections, and in modelling search behaviour and...
Persistent link: https://www.econbiz.de/10010352293