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Looking for the Workforce: the Elderly, Discouraged Workers, Minorities, and Students in the Baltic Labour Markets
Hazans, Mihails - EconWPA - 2005
This paper looks at the evolution of the labour markets in Estonia, Latvia, and Lithuania since the beginning of transition (in some respects since 1996/1998) until 2003, with a particular focus on labour force participation. How did labour supply in the Baltic countries respond to changes in...
Persistent link: https://www.econbiz.de/10005556766
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Is Variation in Hours of Work Driven by Supply or Demand? Evidence from Finnish Manufacturing Industries
Böckerman, Petri; Jäntti, Markus - EconWPA - 2005
This paper uses panel data from 1989 to 1995 on blue-collar workers in Finnish manufacturing industries and their establishments to assess the extent to which hours of work are affected by individual or establishment characteristics - observed as well as unobserved. We argue that recent research...
Persistent link: https://www.econbiz.de/10005125720
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The Added Worker Effect and Intrahousehold Aspects of Unemployment
Serneels, Pieter - EconWPA - 2004
The added worker effect states that unemployment of a household member leads to an increase in labour supply of another … household member. This paper investigates whether there is such an effect in a developing country. We use a rich data set for … urban Ethiopia. We first give a brief description of who is unemployed within the household and find that they are mostly …
Persistent link: https://www.econbiz.de/10005407638
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Household Credit and Saving: Does Policy Matter?
Lawrence, Peter - EconWPA - 2002
This paper surveys the existing literature on the determinants of household savings and credit in developing countries … and examines the ways in which macro-level policies might impact on household financial behaviour. …
Persistent link: https://www.econbiz.de/10005556083
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The History of Tipping - From Sixteenth-Century England to United States in the 1910s
Azar, Ofer H. - EconWPA - 2003
Tipping is a multi-billion-dollar phenomenon that challenges the traditional assumption of selfish economic agents who have no feelings and do not care about social norms. This article reviews the early history of tipping and offers an economic analysis of different aspects of tipping. Using the...
Persistent link: https://www.econbiz.de/10005556865
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Value Creation and Profit Optimization
Winther, K. Tobias - EconWPA - 2002
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
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Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining
Aura, Saku - EconWPA - 2003
This paper studies a married couple's dynamic investment and consumption choices under the assumption that the couple cannot commit across time not to renegotiate their decisions. The inefficiencies that can arise are characterized. Efficiency properties of different divorce asset- division...
Persistent link: https://www.econbiz.de/10005561826
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Why pay extra? Tipping and the importance of social norms and feelings in economic theory
Azar, Ofer H. - EconWPA - 2005
Tipping is a multi-billion-dollar phenomenon that standard economic models find hard to explain. I discuss several aspects of tipping and divide tipping to six different categories: reward-tipping, price- tipping, tipping-in-advance, bribery-tipping, holiday-tipping and gift- tipping, and...
Persistent link: https://www.econbiz.de/10005134994
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Categorical Cognition: A Psychological Model of Categories and Identification in Decision Making
Fryer, Roland G.; Jackson, Matthew O. - EconWPA - 2002
This paper introduces a psychological notion of categorization into economics and derives its implications for economic decision making. We show, using a tractable model of social cognition, that a decision maker in (efficiently) assigning past experiences to categories, will sort experiences of...
Persistent link: https://www.econbiz.de/10005135029
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Relative Thinking Theory
Azar, Ofer H. - EconWPA - 2005
The article presents a theory that I denote “Relative Thinking Theory,” which claims that people consider relative differences and not only absolute differences when making various economics decisions, even in those cases where the rational model dictates that people should consider only...
Persistent link: https://www.econbiz.de/10005135074