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Oyer, Paul - National Bureau of Economic Research (NBER) - 2005

Employer-provided benefits are a large and growing share of compensation costs. In this paper, I consider three factors that can affect the value created by employer-sponsored benefits. First, firms have a comparative advantage (for example, due to scale economies or tax treatment) in purchasing...

Persistent link: https://www.econbiz.de/10005087439

Do Employment Protections Reduce Productivity? Evidence from U.S. States

Autor, David; Kerr, William R.; Kugler, Adriana D. - National Bureau of Economic Research (NBER) - 2007

facing (non-Coasean) worker dismissal costs will curtail hiring below efficient levels and retain unproductive workers, both … wrongful-discharge protections by U.S. state courts over the last three decades to evaluate the link between dismissal costs … puzzles including, most significantly, evidence of strong employment growth following adoption of dismissal protections. In …

Persistent link: https://www.econbiz.de/10005720934

Great Expectations: Law, Employment Contracts, and Labor Market Performance

MacLeod, W. Bentley - National Bureau of Economic Research (NBER) - 2010

This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the law suggests that less employment protection...

Persistent link: https://www.econbiz.de/10008534204

Coercive Contract Enforcement: Law and the Labor Market in 19th Century Industrial Britain

Naidu, Suresh; Yuchtman, Noam - National Bureau of Economic Research (NBER) - 2011

British Master and Servant law made employee contract breach a criminal offense until 1875. We develop a contracting model generating equilibrium contract breach and prosecutions, then exploit exogenous changes in output prices to examine the effects of labor demand shocks on prosecutions....

Persistent link: https://www.econbiz.de/10009021933

Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage

Owyang, Michael T.; Friedberg, Leora; Sinclair, Tara M. - National Bureau of Economic Research (NBER) - 2005

Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar...

Persistent link: https://www.econbiz.de/10005089057

Mortgage Broker Regulations That Matter: Analyzing Earnings, Employment, and Outcomes for Consumers

Kleiner, Morris M.; Todd, Richard M. - National Bureau of Economic Research (NBER) - 2007

As the role of mortgage brokers in mortgage origination grew from insignificant in the 1980s to dominant in recent years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly regulated the business, largely by creating and tightening...

Persistent link: https://www.econbiz.de/10005720397

Agents of Embeddedness

Azoulay, Pierre - National Bureau of Economic Research (NBER) - 2003

explored in an in-depth qualitative examination of sourcing practices in drug development. The outsourcing of central … biotechnology firms, I explain why outsourcing deals take the form of embedded relationships in the first setting, and of seemingly …

Persistent link: https://www.econbiz.de/10005575291

Acquiring Knowledge Within and Across Firm Boundaries: Evidence from Clinical Development

Azoulay, Pierre - National Bureau of Economic Research (NBER) - 2003

Considerable evidence suggests that information is acquired more easily within than across firm boundaries. I explore why this is observed in the setting of clinical development. Since the mid-1980s, pharmaceutical firms have partly contracted out the operational aspects of clinical trials to...

Persistent link: https://www.econbiz.de/10005575699

Wage Effects of Unionization and Occupational Licensing Coverage in the United States

Gittleman, Maury; Kleiner, Morris M. - National Bureau of Economic Research (NBER) - 2013

Recent estimates in standard models of wage determination for both unionization and occupational licensing have shown wage effects that are similar across the two institutions. These cross-sectional estimates use specialized data sets, with small sample sizes, for the period 2006 through 2008....

Persistent link: https://www.econbiz.de/10010821983

Personnel Economics: The Economist's View of Human Resources

Lazear, Edward; Shaw, Kathryn L. - National Bureau of Economic Research (NBER) - 2007

Personnel economics drills deeply into the firm to study human resource management practices like compensation, hiring practices, training, and teamwork. Many questions are asked. Why should pay vary across workers within firms--and how "compressed" should pay be within firms? Should firms pay...

Persistent link: https://www.econbiz.de/10005085230