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Subsidising education with unionised labour markets

Wöhlbier, Florian - 2002

It is well known from the literature that a unionisation of labour markets leads to an increase in wages and a decrease in employment. However, in these models human capital formation is usually taken as given. This paper internalises the education decision and shows that a unionisation of the...

Persistent link: https://www.econbiz.de/10010440955

Household relational contracts for marriage, fertility and divorce

Fahn, Matthias; Rees, Ray - 2014

This paper applies the theory of relational contracts to a model in which a couple decides whether to marry or cohabit, how many children to have and subsequently whether to stay together or separate. We make precise the idea that cooperation in a household can be supported by self interest....

Persistent link: https://www.econbiz.de/10010363961

Allocation of authority when a person is not a robot

Li, Jianpei; Wu, Yanhui - 2007

We formalize a conception of authority, which is commonly defined as the right of controlling a person's actions embedded in human assets in sociology. Due to the inalienable property of human assets, the contractible formal authority is hard to verify and enforce, while real authority usually...

Persistent link: https://www.econbiz.de/10003951385

Accelerated technological progress : an explanation for wage dispersion and a possible solution to the productivity paradox

Nikutowski, Oliver - 2007

Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...

Persistent link: https://www.econbiz.de/10003470547

Efficiency wages : variants and implications

Schlicht, Ekkehart - 2016

Higher wages increase labor costs but improve the productivity of the labor force through several channels. If firms take this into account and set their wages accordingly, the resulting wages may fail to adjust demand and supply but may engender phenomena like over-education, discrimination,...

Persistent link: https://www.econbiz.de/10011438256

Credit constraints, endogenous innovations, and price setting in international trade

Eckel, Carsten; Unger, Florian - 2015

types of innovation resulting in opposing effects on marginal production costs and prices. In general equilibrium, financial …). Consequently, credit tightening leads to firm exit, increased innovation activity among existing suppliers, and welfare losses that …

Persistent link: https://www.econbiz.de/10010520764

Entrepreneurial innovations and taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - 2011

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

Persistent link: https://www.econbiz.de/10009124617

Innovation and the international firm structure : theory and evidence from German firm-level data

Hansen, Thorsten - 2010

This paper studies the impact of innovation on the organizational structure. The theoretical framework predicts that a … larger parental pool of knowledge raises the probability of oshoring. This holds in a national as well as an international …

Persistent link: https://www.econbiz.de/10003952118

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2014

This paper studies the innovation strategies of multi-product firms in industries with different scope for product … differentiation. In a simple model of multi-product firms, we show that returns to product versus process innovation are industry …-specific. Demand and cost linkages induce a natural distinction between the returns to product and process innovation. In highly …

Persistent link: https://www.econbiz.de/10010396076

Financial innovation and fragility

Kühnhausen, Fabian - 2014

2002, I show that a larger degree of innovation negatively (positively) affects firm stability (fragility) after … controlling for the underlying firm characteristics. The results are robust against different modifications of innovation measures …

Persistent link: https://www.econbiz.de/10010399003