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Relational contracts when the agent's productivity inside the relationship is correlated with outside opportunities

Wagner, Alexander F - C.E.P.R. Discussion Papers - 2011

An agent can choose to forego benefits from side opportunities and to instead provide benefits to the principal. In return, the principal offers rewards. If this exchange is not contractible, typically repeated interaction will be required to sustain it. This model allows the agent's...

Persistent link: https://www.econbiz.de/10009002384

Publish or Perish? Incentives and Careers in Italian Academia

Checchi, Daniele; De Fraja, Gianni; Verzillo, Stefano - C.E.P.R. Discussion Papers - 2014

relative importance of the determinants of promotion determine academics' effort. Because of the specific characteristics of … Italian universities, where incentives operate only through promotion, and where all appointment panels are drawn from … to increases in the importance of the measurable determinants of promotion and in the competitiveness of the scientific …

Persistent link: https://www.econbiz.de/10011083915

Herding cats? Management and university performance

McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013

incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional …

Persistent link: https://www.econbiz.de/10011084536

Coworkers, Networks, and Job Search Outcomes

Saygin, Perihan; Weber, Andrea; Weynandt, Michèle A. - C.E.P.R. Discussion Papers - 2014

Social networks are an important channel of information transmission in the labor market. This paper studies the mechanisms by which social networks have an impact on labor market outcomes of displaced workers. We base our analysis on administrative records for the universe of private sector...

Persistent link: https://www.econbiz.de/10011084542

Why Do Worker-Firm Matches Dissolve?

Gielen, Anne; Ours, Jan C van - C.E.P.R. Discussion Papers - 2006

In a dynamic labor market worker-firm matches dissolve frequently causing workers to separate and firms to look for replacements. A separation may be initiated by the worker (a quit) or the firm (a layoff), or may result from a joint decision. A dissolution of a worker-firm match may be...

Persistent link: https://www.econbiz.de/10005789184

The Internal Governance of Firms

Acharya, Viral V; Myers, Stewart C; Rajan, Raghuram G - C.E.P.R. Discussion Papers - 2009

We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates. We find that internal governance can mitigate agency problems and ensure firms have substantial value, even without any external governance. Internal...

Persistent link: https://www.econbiz.de/10004980207

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...

Persistent link: https://www.econbiz.de/10011252616

The Origins of Intergenerational Associations in Crime: Lessons from Swedish Adoption Data

Hjalmarsson, Randi; Lindquist, Matthew - C.E.P.R. Discussion Papers - 2011

We use Swedish adoption data combined with police register data to study parent-son associations in crime. For adopted sons born in Sweden, we have access to the criminal records of both the adopting and biological parents. This allows us to assess the relative importance of pre-birth factors...

Persistent link: https://www.econbiz.de/10008921776

Professional Network and Career Coevolution

Berardi, Nicoletta; Seabright, Paul - C.E.P.R. Discussion Papers - 2011

This paper examines how networks of professional contacts contribute to the development of the careers of executives of European and US companies. We build a dynamic model of career progression in which career moves both depend upon existing networks and contribute to the development of future...

Persistent link: https://www.econbiz.de/10009359489

In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1930

Olivetti, Claudia; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2013

This paper provides a new perspective on intergenerational mobility in the United States in the late 19th and early 20th centuries. We devise an empirical strategy that allows to calculate intergenerational elasticities between fathers and children of both sexes. The key insight of our approach...

Persistent link: https://www.econbiz.de/10011083699