Showing 1 - 10 of 496
The paper perceives education as a type of money burning activity, much like advertisement, and examines its effect on social welfare. In a model where the employer's job assignment also functions as a signal a la Waldman (1984), there exists a separating equilibrium in which education credibly...
Persistent link: https://www.econbiz.de/10010629857
The paper perceives education as a type of money burning activity, much like advertisement, and examines its effect on social welfare. In a model where the employer's job assignment also functions as a signal a la Waldman (1984), there exists a separating equilibrium in which education credibly...
Persistent link: https://www.econbiz.de/10005416994
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market concentration by preventing some imitators. So, whether an...
Persistent link: https://www.econbiz.de/10010629443
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market concentration by preventing some imitators. So, whether an...
Persistent link: https://www.econbiz.de/10005094884
Empirical studies in the job displacement literature have found that workers face significant earnings losses on average, when they are permanently displaced from jobs. Previous research also suggests that the costliness of job loss varies widely. Gibbons and Katz (1991) develop and test a...
Persistent link: https://www.econbiz.de/10008562849
Does the public believe that fiscal and monetary stimulus reduce unemployment? I present survey evidence on this … monetary stimulus. In fact, the typical respondent believes that an increase in government spending makes unemployment worse … worsens unemployment while a Fed interest rate cut improves it. Beliefs about policy effectiveness fall largely, but not …
Persistent link: https://www.econbiz.de/10010835774
While high rates of youth unemployment are a severe problem in most European countries, the program evaluation …
Persistent link: https://www.econbiz.de/10011408860
The study analyzes the performance of the Zheng test for functional form in different scenarios concerning the distribution approximation of the test statistic. We apply the test statistic for validating simple wage functions.
Persistent link: https://www.econbiz.de/10011208199
This study examines life satisfaction among immigrants in the US, a topic that has been little discussed in immigration studies. The New Immigrant Survey-Pilot is used to analyze the impact of different forms of capital, namely human, financial, and social capital, on life satisfaction and how...
Persistent link: https://www.econbiz.de/10010797494
Using data from Ontario, we study the extent to which education mitigates the realized work-disabling effects of permanent occupational injury. Focusing first on the rates of post-injury employment, our results suggest that education has a strong disability-mitigating effect in cases of knee and...
Persistent link: https://www.econbiz.de/10010686032