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about their present bias will actually be better off than sophisticated or time-consistent individuals. Moreover, firms …
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fims cannot offer long-term contracts, we find that individuals who are naive about their present bias will actually be … ineffciencies caused by their present bias. …
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firms cannot offer long-term contracts, we find that individuals who are naive about their present bias will actually be … inefficiencies caused by their present bias. …
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A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs, until lay-off occurs, when this selection process starts over from scratch. We develop a simple methodology to test these predictions. Our inference uses two sources of...
Persistent link: https://www.econbiz.de/10011540616
A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...
Persistent link: https://www.econbiz.de/10011636670
A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...
Persistent link: https://www.econbiz.de/10011637591