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What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program

Courty, Pascal; Sim, John - C.E.P.R. Discussion Papers - 2012

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on … retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC … grants have been passed through to professors as compensation increases. This is despite the fact that universities report …

Persistent link: https://www.econbiz.de/10011084552

Wage Risk and Employment Risk Over the Life Cycle

Low, Hamish; Meghir, Costas; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007

This paper decomposes the sources of risk to income that individuals face over their lifetimes. We distinguish productivity risk from employment risk and identify the components of each using the Survey of Income and Program Participation and the Panel Study of Income Dynamics. Estimates of...

Persistent link: https://www.econbiz.de/10005123649

Consumption and Savings with Unemployment Risk: Implications for Employment Contracts

Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002

contracts offer severance compensation to smooth consumption during employment without causing moral hazard. A pre … dismissals are optimal if exogenous unemployment compensation is sufficiently generous. …

Persistent link: https://www.econbiz.de/10005124282

How are Product Demand Changes Transmitted to the Labour Market?

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

In traditional Keynesian and neoclassical models, the transmission of product demand changes to the labour market generally involves wage-price sluggishness or counter-cyclical real wage movements. In practice, however, real wages are often acyclical or procyclical, and wages and prices are...

Persistent link: https://www.econbiz.de/10005504209

The Political Economy of Employment Protection

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1999

This paper develops a model of job creation and job destruction in a growing economy with embodied technical progress, that we use to analyze the political support for employment protection legislations such as the ones that are observed in most European countries. We analyze the possibility of...

Persistent link: https://www.econbiz.de/10005504439

Performance-Related Pay

Booth, Alison L; Frank, Jeff - C.E.P.R. Discussion Papers - 1997

The paper extends the theoretical approach in Lazear (1986, 1996) to show that jobs with performance related pay (PRP) attract workers of higher unobservable ability, and also induce workers to provide greater effort. We then test some of the predictions of this model against data from the...

Persistent link: https://www.econbiz.de/10005504474

Glass Ceilings or Sticky Floors?

Booth, Alison L; Francesconi, Marco; Frank, Jeff - C.E.P.R. Discussion Papers - 1998

According to surprising raw data from the British Household Panel Survey, full-time women are more likely than men to be promoted. Controlling for observed and unobserved individual heterogeneity, we find that women are promoted at roughly the same rate as men, but receive smaller wage increases...

Persistent link: https://www.econbiz.de/10005504661

Fairness and the Optimal Allocation of Ownership Rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10005504775

Capital, Wages and Growth: Theory and Evidence

Almond, Douglas; Ciccone, Antonio; Peri, Giovanni - C.E.P.R. Discussion Papers - 1999

Returns to scale to capital and the strength of capital externalities play a key role for the empirical predictions and policy implications of different growth theories. We show that both can be identified with individual wage data and implement our approach at the city-level using US Census...

Persistent link: https://www.econbiz.de/10005497888

Why People Don't Find Work

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

This paper provides a brief, non-technical survey of the major theories about why people remain unemployed. The aim is to provide a macroeconomic perspective on the microeconomic problem of why people don't find work. The first section deals with market-clearing theories: the natural rate...

Persistent link: https://www.econbiz.de/10005497987