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Using a formal principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some agents care more for their principal when they are convinced that the principal cares for them. Principals can signal...
Persistent link: https://www.econbiz.de/10011379625
heterogenous response improves screening efficiency: 1) all employees place similar value on staying in their current role; 2) the … announcement reduced the screening efficiency gap - defined as the reduction of screening efficiency stemming from the partial …
Persistent link: https://www.econbiz.de/10013332099
We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are …
Persistent link: https://www.econbiz.de/10011704604
This chapter surveys recent literature on social networks and labour markets, with a specific focus on developing countries. It reviews existing research, in particular, on the use of social networks for hiring and the consequences of networks for on-the-job outcomes, including emerging...
Persistent link: https://www.econbiz.de/10013471132
We consider a simple model of the competitive screening of students by schools and colleges. Students apply to schools … which then perform costly screening procedures of the applicants to select those with high ability. Students who receive … show a channel through which students' preferences affect schools' screening decisions and outcomes: as schools increase …
Persistent link: https://www.econbiz.de/10011793998
This paper studies the cyclical dynamics of Mortensen and Pissarides' (1994) model of job creation and destruction when workers' effort is not perfectly observable, as in Shapiro and Stiglitz (1984). An occasionally-binding no-shirking constraint truncates the real wage distribution from below,...
Persistent link: https://www.econbiz.de/10013157042
, and a robust Beveridge curve. -- Job matching ; shirking ; efficiency wages ; endogenous separation ; contractual …
Persistent link: https://www.econbiz.de/10003879378
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10012732526
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …
Persistent link: https://www.econbiz.de/10001612738
unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …
Persistent link: https://www.econbiz.de/10010423759