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New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...
Persistent link: https://www.econbiz.de/10005870600
Virtual assignments are characterized by the spatial separation of private and business life.The virtual delegate lives and interacts in one culture, yet he or she works together mainlywith people from another culture. While the virtual assignee is physically located in theheadquarters, from an...
Persistent link: https://www.econbiz.de/10005869234
The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...
Persistent link: https://www.econbiz.de/10005870371
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Persistent link: https://www.econbiz.de/10010415931
This paper provides evidence on the causal relationship between education and poverty. I construct a novel database … large poverty-reducing effects of education among people aged 30 to 80. This holds true for both objective measures of … comprising compulsory schooling reforms in 32 European countries and use them as instruments for education. I find economically …
Persistent link: https://www.econbiz.de/10013208850
This paper analyzes the effect of retirement on cognitive functioning using two large scale surveys. On the one hand the HRS, a longitudinal survey among individuals aged 50+ living in the United States, allows us to control for individual heterogeneity and endogeneity of the retirement decision...
Persistent link: https://www.econbiz.de/10008615117
Previous research has pointed to the existence of hours constraints on the labour market: not all employees’ preferences with respect to the length of the working week seem to be fulfilled, and changes in the number of working hours often coincide with job mobility. In this paper, we test...
Persistent link: https://www.econbiz.de/10008629927
In this paper, we estimate tenure-performance profiles using unique panel data thatcontain detailed information on individual workers’performance. We find that 10per cent increase in tenure leads to an increase in performance of 5.5 per cent of astandard deviation. This translates to an...
Persistent link: https://www.econbiz.de/10009364495
Several studies document the fact that low-educated workers participate less often infurther training than high-educated workers. The economic literature suggests thatthere is no significant difference in employer willingness to train low-educated workers,which leaves the question of why the low...
Persistent link: https://www.econbiz.de/10008646231