Narrow search
Showing 1 - 10 of 114
Cover Image
Von der Frühverrentung zum längeren Erwerbsleben: Transferleistungen, Arbeitsmarktpolitik und Weiterbildung
Eichhorst, Werner - Institute for the Study of Labor (IZA) - 2007
Mittelpunkt, bevor die Situation im Bereich der beruflichen Weiterbildung genauer untersucht wird. Diese ist zwar ein zentraler …
Persistent link: https://www.econbiz.de/10005822533
Cover Image
The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2002
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10005822405
Cover Image
Do I Have What It Takes? Equilibrium Search with Type Uncertainty and Non-Participation
Falk, Armin; Huffman, David; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2006
This paper presents a model of the labor market in which unemployed workers are uncertain about their relative ability to find a job. Unsuccessful search induces individuals to revise their beliefs downwards. Once self-confidence is sufficiently low, workers become discouraged and give up on...
Persistent link: https://www.econbiz.de/10005822513
Cover Image
Information and Beliefs in a Repeated Normal-Form Game
Fehr, Dietmar; Kübler, Dorothea; Danz, David N. - Institute for the Study of Labor (IZA) - 2008
feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …
Persistent link: https://www.econbiz.de/10005822932
Cover Image
Social Reciprocity
Carpenter, Jeffrey; Matthews, Peter Hans - Institute for the Study of Labor (IZA) - 2004
We define social reciprocity as the act of demonstrating one's disapproval, at some personal cost, for the violation of widely-held norms (e.g., don't free ride). Social reciprocity differs from standard notions of reciprocity because social reciprocators intervene whenever a norm is violated...
Persistent link: https://www.econbiz.de/10005823004
Cover Image
Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …
Persistent link: https://www.econbiz.de/10011213311
Cover Image
Learning about Education
Emerson, Patrick M.; McGough, Bruce - Institute for the Study of Labor (IZA) - 2011
levels. This paper builds a model of human capital and growth that incorporates an adaptive learning mechanism to capture the …, the learning mechanism, influenced by the agents' priors and cultural bias, may impart low human capital investment for … extended periods. Policies that can speed up the learning process are examined and it is found that faster rates of growth can …
Persistent link: https://www.econbiz.de/10009149147
Cover Image
Political Uncertainty and Risk Premia
Pástor, Luboš; Veronesi, Pietro - C.E.P.R. Discussion Papers - 2011
We study the pricing of political uncertainty in a general equilibrium model of government policy choice. We find that political uncertainty commands a risk premium whose magnitude is larger in poorer economic conditions. Political uncertainty reduces the value of the implicit put protection...
Persistent link: https://www.econbiz.de/10009320399
Cover Image
Sequential Exporting
Albornoz-Crespo, Facundo; Calvo Pardo, Hector F.; … - C.E.P.R. Discussion Papers - 2010
Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export...
Persistent link: https://www.econbiz.de/10008692316
Cover Image
Dynamic Incentive Contracts under Parameter Uncertainty
Prat, Julien; Jovanovic, Boyan - Institute for the Study of Labor (IZA) - 2010
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...
Persistent link: https://www.econbiz.de/10008727782