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Information transparency, fairness and labor market efficiency

Isgin, Ebru; Sopher, Barry - 2013

The paper studies the role of information transparency on fairness concerns, welfare and efficiency. When the firm's productivity and ultimately profits are revealed, wage offers induce relatively fair divisions of potential gains and workers respond with higher performance. Workers respond not...

Persistent link: https://www.econbiz.de/10010334250

The headmaster ritual: The importance of management for school outcomes

Böhlmark, Anders; Grönqvist, Erik; Vlachos, Jonas - 2012

The role of school principals largely resembles that of corporate managers and the leadership they provide is often viewed as a crucial component for educational success. We estimate the impact of individual principals on various schooling outcomes, by constructing a principal-school panel data...

Persistent link: https://www.econbiz.de/10010321112

Delayed collection of unemployment insurance in recessions

Xie, Zoe - 2019

Using variations in unemployment insurance policies over time and across U.S. states, this paper provides evidence that allowing unemployed workers to delay the collection of benefits increases their job-finding rate. In a model with discrete job take-up decisions, benefit entitlement,...

Persistent link: https://www.econbiz.de/10012030296

Executive Compensation and Specific Knowledge

Morellec, Erwan; Niu, Jijun - Institut für Schweizerisches Bankwesen <Zürich> - 2005

This paper presents a model of executive compensation in which the executive is risk averse and has specific knowledge … compensation. Notably, we find that relative performance evaluation is optimal only if the quality of specific knowledge is low. We …

Persistent link: https://www.econbiz.de/10005858765

Risk-Taking Incentives, Governance, and Losses in theFinancial Crisis

Chesney, Marc; Stromberg, Jacob; Wagner, Alexander F. - Swiss National Centre of Competence in Research North … - 2010

This paper studies the extent to which risk-taking incentives of CEOs and other governancefeatures in a range of years prior to the recent financial crisis were related to the write-downsof U.S. financial institutions during the crisis. We document that institutions whose CEOs hadparticularly...

Persistent link: https://www.econbiz.de/10009305115

Bank CEO Incentives and the Credit Crisis

Fahlenbrach, Rüdiger; Stulz, René M. - Swiss National Centre of Competence in Research North … - 2009

accounting return on equity (ROE). Further, banks with higher option compensationand with a larger fraction of compensation given …

Persistent link: https://www.econbiz.de/10009305118

Social comparison in the workplace: Evidence from a field experiment

Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; … - 2011

We conducted a randomized field experiment to examine how workers respond to wage cuts, and whether their response depends on the wages paid to coworkers. Workers were assigned to teams of two, performed identical individual tasks, and received the same performance-independent hourly wage....

Persistent link: https://www.econbiz.de/10010316865

The ownership of funds and systems for reparation of very large accidents

Bolin, Kristian - 1999

, nor allow for compensation of all damages. The reason is that the magnitudes of the accidents that we study are so big … take care even further because of the moral hazard problem. Another component of the compensation system is the 1969 … improve the situation with the apparent inadequacy of the system to meet the compensation demands from victims. The CLC forces …

Persistent link: https://www.econbiz.de/10013208400

Firm exit and liquidity: Evidence from the Great Recession

Leibovici, Fernando; Wiczer, David - 2024

This paper studies the role of credit constraints in accounting for the dynamics of firm exit during the Great Recession. We present novel firm-level evidence on the role of credit constraints on exit behavior during the Great Recession. Firms in financial distress, with tighter access to...

Persistent link: https://www.econbiz.de/10015189309

A Global Macro Model for Emerging Europe

Feldkircher, Martin - 2013

This paper puts forward a global macro model comprising 43 countries and covering the period from Q1 1995 to Q4 2011. Our regional focus is on countries in Central, Eastern and Southeastern Europe (CESEE) and the Commonwealth of Independent States (CIS). Applying a global VAR (GVAR) model, we...

Persistent link: https://www.econbiz.de/10013370102