This paper introduces a novel approach for dealing with the curse of dimensionality in thecase of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VARare proposed that are binding only in a limit as the number of endogenous variables tends toinfinity...

The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...

This paper explores theoretically and empirically potentially important yet often-neglectedlinkage between task coordination within the organization and the structure of organizationand bundling of HRMPs (Human Resource Management Practices). In so doing, we alsoprovide fresh insights on the...

This paper considers the statistical analysis of large panel data sets where even afterconditioning on common observed effects the cross section units might remain dependentlydistributed. This could arise when the cross section units are subject to unobserved commoneffects and/or if there are...

Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...

Die Vereinbarkeit von Familie und Beruf hat im Zusammenhang mit dem wachsenden Mangel an Fachkräften in Deutschland eine neue Dringlichkeit erreicht. Das Gutachten zielt darauf ab, das ungenutzte Arbeitskräfte- und v.a. Fachkräftepotenzial von qualifizierten, aber nicht oder nicht...

We investigate the effects of works councils on employees’ wages and job satisfaction ingeneral and for subgroups with respect to sex and occupational status. Making use of aGerman representative sample of employees, we find that employees, who move to a firmwith a works council, report...

We empirically explore the relevance of risk taking behavior in tournaments. We make use ofdata from the NBA season 2007/2008 and measure risk taking by the fraction of three-pointshots. Current heterogeneity of teams is taken into account by intermediate results. It turnsout that indeed teams...

Many previous studies try to discover job preferences by directly asking individuals. Since itis not sure, whether answers to these surveys are relevant for actual behaviour, this empiricalexamination offers a different approach based on representative German data. Employees whoquit their job...

Based on a German representative sample of employees we explore the relevance anddevelopment of further training in private sector firms. We focus on formal training andexplore possible individual and job-based determinants of its incidence. We also showchanges over time during a 20 year...