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Employment Concentration and Resource Allocation: One-Company Towns in Russia
employment concentration one-co mpany towns labour productivity Russia
2012/10/23
The paper looks at the effects of employment concentration on resource allocation with a particular focus on one-company towns in Russia defined as towns where a single company accounts for a signific...
Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
bounded rationality competition regulation welfare consumer protection
2012/10/22
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive ...
Differentiation and Performance: An Empirical Investigation on the Incentive Effects of Bonus Plans
bonus payments differentiation subjective performance evaluation incentives
2012/10/22
It is often claimed that supervisors do not differentiate enough between high and low performing employees when evaluating performance. The purpose of this paper is to study the incentive effects of t...
Demography, Capital Flows and Unemployment
demographics capital flows overlapping generations general equilibrium unemployment
2012/10/22
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country ove...
How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?
contracts reference points fairness renegotiation informal agreement
2012/10/22
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)’s theory of contractual reference points. However, existing studies ignore ...
Adjusting to Skill Shortages: Complexity and Consequences
skill shortages small medium enterprises
2012/10/22
Skill shortages are often portrayed as a major problem for the economies of many countries including the Australian economy. Yet, there is surprisingly little evidence about their prevalence, causes a...
In contrast to other developed economies, the German economy managed to recover rather
swiftly and vigorously from the global economic downturn of 2008. Germany's remarkable
economic resilience was ...
Productivity Gains from R&D Investment: Are High-Tech Sectors Still Ahead?
R&D productivity knowledge stock panel data
2012/10/23
The purpose of this study is to investigate the relationship between a firm's R&D expenditures considered as an investment in knowledge, and its productivity, looking at sectoral peculiarities which m...
Firm Heterogeneity, Informal Wage and Good Governance
heterogeneous firms informal labor wage labor regulations enforcement
2012/10/23
We provide an analysis of enforcement policies applicable to formal sector in dual labor markets. We use a framework with heterogeneous firms, endogenous determination of informal wage and politically...
We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowe...
Long-Run Effects of Public-Private Research Joint Ventures: The Case of the Danish Innovation Consortia Support Scheme
public-private partnership research joint venture research and development research subsidies
2012/10/23
Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support schem...
The Structure of Collective Bargaining and Worker Representation: Change and Persistence in the German Model
sectoral and firm agreements changes in collective bargaining/works council coverage shift-share analysis bargaining transitions survivability
2012/10/23
This paper depicts and examines the decline in collective bargaining coverage in Germany. Using repeat cross-section and longitudinal data from the IAB Establishment Panel, we show the overwhelming im...
Creativity and the Family Tree: Human Capital Endowments and the Propensity of Entrepreneurs to Patent
patents entrepreneurship human capital endowments
2012/10/23
In this paper we show that the patenting behavior of creative entrepreneurs is correlated with the patenting behavior of their fathers, which we refer to as a source of the entrepreneurs' human capita...
Human Capital and Growth: Specification Matters
human capital growth regressions specification
2012/10/23
This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the dif...
Do Women Prefer a Co-operative Work Environment?
gender cooperation self-selection confidence experiment
2012/10/23
Are women disproportionately attracted to work environments where cooperation rather than competition is rewarded? This paper reports the results of a real-effort experiment in which participants choo...