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Job satisfaction and co-worker wages: Status or signal?

Clark, Andrew E.; Kristensen, Nicolai; … - HAL - 2007

This paper uses matched employer-employee panel data to show that individual job satisfaction is higher when other workers in the same establishment are better-paid. This runs contrary to a large literature which has found evidence of income comparisons in subjective well-being. We argue that...

Persistent link: https://www.econbiz.de/10010738898

Fairness under Uncertainty

Gajdos, Thibault; Tallon, Jean-Marc - HAL - 2002

properties of allocations in economies with uncertainty the concept of an envy-free allocation has not been widely studied in … envy-free allocations may be empty. We nevertheless show that, under special circumstances, one may prove the existence of … allocations that are both ex ante efficient and ex post envy-free. Such is the case, in particular, in an economy with individual …

Persistent link: https://www.econbiz.de/10010750559

Double moral hazard and the energy efficiency gap

Giraudet, Louis-Gaëtan; Houde, Sébastien - HAL - 2014

We investigate how moral hazard problems can cause sub-optimal investment in energy efficiency, a phenomenon known as the energy efficiency gap. We argue that such problems are likely to be important for home energy retrofits, where both the seller and the buyer can take hidden actions. The...

Persistent link: https://www.econbiz.de/10010821504

Optimal Unemployment Insurance for Older Workers

Hairault, Jean-Olivier; Langot, François; Ménard, … - HAL - 2012

At the end of working life, as well as reducing unemployment beneﬁts, the unemployment-insurance agency could apply pension tax instead of wage tax. First, the pension tax provides greater incentives as the value of re-employment is tax-free. Second, the short job duration before retirement...

Persistent link: https://www.econbiz.de/10010821519

Regular moral hazard economies

Chassagnon, Arnold - HAL - 2007

That paper formalizes the idea that when the magnitude of the moral hazard phenomenon is not important, the distortions like equilibria multiplicity or equilibrium discontinuity relative to the economic fundamentals disappear. We study a two state of nature insurance model, with a risk neutral...

Persistent link: https://www.econbiz.de/10010738744

Separating selection and incentive effects in health insurance

Gardiol, Lucien; Geoffard, Pierre-Yves; Grandchamp, Chantal - HAL - 2005

This paper provides an analysis of the health insurance and health care consumption. A structural microeconomic model of joint demand for health insurance and health care is developed and estimated using full maximum likelihood method using Swiss insurance claims data for over 60 000 adult...

Persistent link: https://www.econbiz.de/10010738866

Sharing aggregate risks under moral hazard

Demange, Gabrielle - HAL - 2008

This paper analyzes the efficient design of insurance schemes in the presence of aggregate shocks and moral hazard. The population is divided into groups, the labour force in different sectors for instance. In each group, individuals are ex ante identical but are subject to idiosyncratic shocks....

Persistent link: https://www.econbiz.de/10010738915

Heterogeneous Banking Efficiency : Allocative Distortions and Lending Fluctuations

Duprey, Thibaut - HAL - 2013

This paper is a first attempt to connect the heterogeneity in bank efficiency with lending fluctuations and allocation efficiency: there is a trade-off between the two in the presence of heterogeneity in bank monitoring efficiency. The mechanism at hand is twofold. (a) First the rent extracted...

Persistent link: https://www.econbiz.de/10010739116

Optimal Unemployment Insurance for Older Workers

Hairault, Jean-Olivier; Langot, François; Ménard, … - HAL - 2012

Persistent link: https://www.econbiz.de/10010775764

Optimal Monetary Provisions in Plural Form Franchise Systems; A Theoretical Model of Incentives with Two Risk-Averse Agents

Lanchimba, Cintya - HAL - 2013

Empirical studies show that most franchise chains use dual distribution - or a plural form franchise system - characterized by the coexistence of franchised units and company- owned retail units in the same distribution network. Therefore, this paper focuses on dual distribution and considers...

Persistent link: https://www.econbiz.de/10010899336