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The theory of the dynamics of labor demand is based either on the costs of adjusting the level of employment or on the costs of hiring or firing (of gross changes in employment). We write down a generalized cost of adjustment function that includes both types of cost and allows for asymmetries...
Persistent link: https://www.econbiz.de/10013221870
We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that overall quality matters for reputation, does the quality...
Persistent link: https://www.econbiz.de/10013153983
We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firm learns about its...
Persistent link: https://www.econbiz.de/10013248093
We examine whether a difference in pay for beauty is supported by different productivity of people according to looks. Using a sample of advertising firms, we find that those firms with better-looking executives have higher revenues and faster growth than do otherwise identical firms whose...
Persistent link: https://www.econbiz.de/10013216110
The incidence of evening and night work declined sharply in the United States between the early 1970s and the early 1990s, while the fraction of work performed at the fringes of the traditional regular working day grew. The secular decline in evening and night work did not result from industrial...
Persistent link: https://www.econbiz.de/10014158564
This study presents the first evidence on the relation of consumption to lifetime wealth, based on data from the 1973 and 1975 Retirement History Survey that have been linked to Social Security earnings records. Nearly 500 white, married, fully retired couples ages 62-69 form the basis of the...
Persistent link: https://www.econbiz.de/10014120446
Evidence from the American Time Use Survey 2003-12 suggests the existence of small but statistically significant racial/ethnic differences in time spent not working at the workplace. Minorities, especially men, spend a greater fraction of their workdays not working than do white non-Hispanics....
Persistent link: https://www.econbiz.de/10012964405
Over the last six decades articles published in leading economic history journals have been less likely to be co-authored than articles published in leading general economics journals. However, in both economic history and general economics journals there have been strong, monotonic increases in...
Persistent link: https://www.econbiz.de/10012956378
The American Time Use Survey 2003-15, the French Enquête Emploi du Temps, 2009-10, and the German Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than ever before. We identify income effects on time use by...
Persistent link: https://www.econbiz.de/10012907139
We examine the determinants of election as Fellow of the Econometric Society, an example of voting within a group to confer honor on some members and perhaps achieve additional status for the entire group. Using data from annual elections from 1990-2000, we find that objective measures of...
Persistent link: https://www.econbiz.de/10013218919