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Household Decision Making and the Influence of Spouses' Income, Education, and Communist Party Membership: A Field Experiment in Rural China

Carlsson, Fredrik; Martinsson, Peter; Qin, Ping; … - Institute for the Study of Labor (IZA) - 2009

We study household decision making in a high-stakes experiment with a random sample of households in rural China …. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …

Persistent link: https://www.econbiz.de/10005070428

Measurement of Environmentally Sensitive Productivity Growth in Korean Industries

Chung, Yeimin; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2013

This study measures productivity growth using the Metafrontier Malmquist-Luenberger productivity growth index (MML index) method and decomposes the index. The results are compared with those obtained from the conventional Malmquist-Luenberger (ML) productivity growth index. MML has two...

Persistent link: https://www.econbiz.de/10010764611

When, Where and How to Perform Efficiency Estimation

Badunenko, Oleg; Henderson, Daniel J.; Kumbhakar, Subal C. - Institute for the Study of Labor (IZA) - 2011

In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar and Wilson (2008). We assess the finite sample...

Persistent link: https://www.econbiz.de/10009323097

Corporate R&D and Firm Efficiency: Evidence from Europe’s Top R&D Investors

Kumbhakar, Subal C.; Ortega-Argilés, Raquel; Potters, … - Institute for the Study of Labor (IZA) - 2009

The main objective of this study is to investigate the impact of corporate R&D activities on firms' performance, measured by labour productivity. To this end, the stochastic frontier technique is applied, basing the analysis on a unique unbalanced longitudinal dataset consisting of 532 top...

Persistent link: https://www.econbiz.de/10008497587

Is there a Return-Risk Link in Education?

Pereira, Pedro Telhado; Martins, Pedro Silva - Institute for the Study of Labor (IZA) - 2001

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk … return to education and the risk involved in this investment. It seems that most of the countries fit the pattern well …: higher risk - higher return. …

Persistent link: https://www.econbiz.de/10005566756

Risk Attitude and Wage Growth: Replication and Reconstruction

Budria, Santiago; Diaz-Serrano, Luis; … - Institute for the Study of Labor (IZA) - 2009

risk taking. Expanding her dataset with more American observations and data for Germany, Spain and Italy, we find mixed … to attitudes towards risk taking. …

Persistent link: https://www.econbiz.de/10005566785

Compensation for Earnings Risk under Worker Heterogeneity

Berkhout, Peter; Hartog, Joop; Webbink, Dinand - Institute for the Study of Labor (IZA) - 2006

We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in … expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add … educations but obtain identical risk compensation. Among recent graduates, women receive higher risk compensation than men …

Persistent link: https://www.econbiz.de/10005761743

Starting Wages Respond to Employer’s Risk

Berkhout, Peter; Hartog, Joop - Institute for the Study of Labor (IZA) - 2007

variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …

Persistent link: https://www.econbiz.de/10005762071

Economic Integration and Labor Market Institutions: Worker Mobility, Earnings Risk, and Contract Structure

Schöb, Ronnie; Wildasin, David E. - Institute for the Study of Labor (IZA) - 2003

This paper investigates the effects of labor market integration, in the form of worker mobility, in a model with long-term labor contracts that lead to wage rigidities and unemployment. Reflecting the interdependence of regional labor markets, we develop a general-equilibrium framework where the...

Persistent link: https://www.econbiz.de/10005762229

Dynamics of Poor Health and Non-Employment

Haan, Peter; Myck, Michal - Institute for the Study of Labor (IZA) - 2009

While there is little doubt that the probability of poor health increases with age, and that less healthy people face a more difficult situation on the labour market, the precise relationship between facing the risks of health deterioration and labour market instability is not well understood....

Persistent link: https://www.econbiz.de/10005012890