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We exploit an incentive change in professional soccer leagues aimed at encouraging more attacking and goal scoring to obtain evidence on the effect of stronger incentives on productive and destructive effort. Using as control the behavior of the same teams in a competition that experienced no...
Persistent link: https://www.econbiz.de/10005114301
Until 1970, the New York Stock Exchange prohibited public incorporation of member firms. After the rules were relaxed to allow joint stock firm membership, investment-banking concerns organized as partnerships or closely-held private corporations went public in waves, with Goldman Sachs (1999)...
Persistent link: https://www.econbiz.de/10005656352
while lower-ranking executives see their wages fall. Third, higher competition is associated with a higher probability of …
Persistent link: https://www.econbiz.de/10005124375
We explore the impact of mentoring of females and gender segregation on wages using a large longitudinal data set for … Portugal. Female managers can protect and mentor female employees by paying them higher wages than male-led firms would do. We … find that females can enjoy higher wages in female-led firms, the opposite being true for males. In both cases is a higher …
Persistent link: https://www.econbiz.de/10005666556
has ex-post monopsonistic power that drives trained workers’ wages below the socially-optimal level. The emergence of …
Persistent link: https://www.econbiz.de/10005666579
We investigate two dimensions of investment in general human capital on-the-job: the number of workers trained and the intensity of training for each worker. In the benchmark case, we consider wage and training decisions made by firms in an imperfectly competitive labour market. The benchmark...
Persistent link: https://www.econbiz.de/10005498000
frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the … institutions, such as minimum wages and union wage setting, are crucial in shaping the wage structure, and thus have an important …
Persistent link: https://www.econbiz.de/10005656301
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … perfectly competitive labour markets underlying this theory is relaxed, minimum wages can increase training of affected workers … evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the …
Persistent link: https://www.econbiz.de/10005661835
This paper develops and estimates a human capital model of wage growth based on learning by doing. Learning by doing rates are assumed to be heterogeneous and firms offer different career structures in terms of the rate of acquisition of firm specific human capital. The model is estimated using...
Persistent link: https://www.econbiz.de/10005136649
Switzerland has experienced a substantial influx of immigrants over the 50 years since World War II, to the extent that it now has one of the highest share of foreigners in population among OECD countries. This paper analyses Switzerland’s experience of migration, centring on two main issues:...
Persistent link: https://www.econbiz.de/10005661751