Download or read book Individual Pay and Outside Options written by Fiona Duffy and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Polish Labour Force Survey data, we examine whether competition for labour has induced individual pay to depend on outside options, availability and quality of jobs. Exploiting the lack of inter-regional job and worker flows we estimate the elasticity of individual pay, amongst a rich set of individual characteristics, to be approximately - 0.1 for local unemployment (job shortages) and + 0.1 for local job reallocation (restructuring). Variations in local labour market conditions explain approximately 50 per cent of the differences in expected individual earnings across regions, while differences in inherited human capital and occupation structures explain the rest.

Download or read book Economic Theory and Policy amidst Global Discontent written by Ananya Ghosh Dastidar and published by Taylor & Francis. This book was released on 2018-02-06 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book rethinks economic theory and calls for a creative and pragmatic approach to policymaking. It examines what development and sustenance of economic progress mean, and how these may be facilitated. The relevance of this issue has received fresh impetus from the significant changes in the degree and pattern of international economic relations that are unfolding across the world, posing both opportunities and challenges. While globalisation of goods and financial markets may have delivered high growth for some nations, the distribution of the benefits has often been highly unequal, with gains to owners of capital and skills being disproportionately higher compared to that of labour, especially the unskilled. Widening and persistent inequalities have been at the heart of rising polarisation and spread of conflicts that threaten the social fabric. This work emphasises the relevance of a broad policy framework based on building individual capabilities and in line with a human-centric perspective. At the same time, it points out the crucial need to create policy space for macroeconomic stability and to accommodate heterodox influences, especially when conventional wisdom proves inadequate, as starkly demonstrated inter alia during the recent global financial crisis. This festschrift, dedicated to Deepak Nayyar, presents chapters on diverse themes that address the persisting global problems of poverty, inequality and sustaining development. The book will be of great interest to scholars and researchers of economics, development studies, public policy and governance, and also to policymakers, government officials and those in media.

Download or read book The Changing Distribution of Earnings in OECD Countries written by A B Atkinson and published by OUP Oxford. This book was released on 2008-05-01 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about how much people earn and why the distribution of earnings has been changing over time. The gap between the top and bottom in the United States has widened significantly since 1980. Why has this happened? Is it due to new technologies? What is the role of globalisation? Are there historical precedents? The book begins with the "race" between technology and education, and shows that continuing technical progress does not necessarily imply a continuing rise in dispersion. It then examines the experience of 20 OECD countries over the twentieth century, material presented in the form of 20 country case studies. The book breaks new ground in assembling data on the distribution of individual earnings covering much of the twentieth century and drawing on a variety of under-exploited sources. The findings overturn a number of widely-held beliefs. It is not the earnings of the low paid that have been most affected by the recent changes; widening is largely due to what is happening at the top. The recent rise in earnings dispersion is not unprecedented, but should be seen as part of a longer-run history of successive compression and expansion of earnings differences.

Download or read book Employment risk and job seeker performance written by Godlonton, Susan and published by Intl Food Policy Res Inst. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relationship between employment risk and job-seeker performance. To induce exogenous variation in employment risk, the outside options for job seekers undergoing a real recruitment process were randomized by assigning them a 0, 1, 5, 50, 75, or 100 percent chance of real alternative employment of the same duration and wage as the jobs for which they were applying. The findings show that job-seeker performance is highest and effort is lowest among those assigned the lowest employment risk (a guaranteed alternative job), and performance is lowest and effort highest among those facing the highest employment risk (those without any job guarantee). Moreover, a nonlinear relationship exists between employment risk and performance.

Download or read book NBER Macroeconomics Annual 2022 written by Martin Eichenbaum and published by University of Chicago Press. This book was released on 2023-05-15 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authoritative takes on the most current and pressing issues in macroeconomics today. The NBER Macroeconomics Annual provides a forum for leading economists to participate in important debates in macroeconomics and to report on major developments in macroeconomic analysis and policy. The NBER Macroeconomics Annual brings together leading scholars to discuss five research papers on central issues in contemporary macroeconomics. First, Andrea Eisfeldt, Antonio Falato, and Mindy Xiaolan document the rise of a new class of worker that receives part of its labor income as equity-based compensation, its role in the recent decline in the labor share of income, and implications for the returns to skilled labor and the implied capital-skill complementarity. Next, Michael Bauer and Eric Swanson focus on monetary policy shocks and argue the correlation between estimated monetary surprises and previously available information can be explained by uncertainty about the parameters of the monetary policy rule. Using new data and methods they find effects of monetary policy on macroeconomic variables that are much larger than previously estimated. Job Boerma and Loukas Karabarbounis provide a framework for quantitatively exploring the gap in wealth between White and Black Americans over the past 150 years and examine the effectiveness of reparations as a tool for closing this gap. Guido Menzio considers workers who do not have rational expectations, and whose “stubborn” beliefs change the response of wages to technology shocks, resulting in sticky wages. He finds that the larger the fraction of workers with stubborn beliefs, the more volatile unemployment is. Finally, Rishabh Aggarwal, Adrien Auclert, Matthew Rognlie, and Ludwig Straub investigate the growth—particularly in the United States—of private savings, current account deficits, and fiscal deficits after 2020. They argue that fiscal deficits lead to large and persistent increases in private savings and current account deficits.

Download or read book The Role of Firms in Wage Inequality Policy Lessons from a Large Scale Cross Country Study written by OECD and published by OECD Publishing. This book was released on 2021-12-09 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even though firms play a key role in shaping wages, wage inequality and the gender wage gap, firms have so far only featured to a limited extent in the policy debates around these issues. The evidence in this volume shows that around one third of overall wage inequality can be explained by gaps in pay between firms rather than differences in the level and returns to workers’ skills.

Download or read book Advanced Microeconomics for Contract Institutional and Organizational Economics written by W. Bentley MacLeod and published by MIT Press. This book was released on 2022-04-05 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: A graduate textbook on microeconomics, covering decision theory, game theory, and the foundations of contract theory, with a unique focus on the empirical. This graduate-level text on microeconomics, covering such topics as decision theory, game theory, bargaining theory, contract theory, trade under asymmetric information, and relational contract theory, is unique in its emphasis on the interplay between theory and evidence. It reviews the microeconomic theory of exchange “from the ground up,” aiming to produce a set of models and hypotheses amenable to empirical exploration, with particular focus on models that are useful for the study of contracts, institutions, and organizations. It explores research that extends price theory to the exchange of commodities when markets are incomplete, discussing recent developments in the field. Topics covered include the relationship between theory and evidence; decision theory as it is used in contract theory and institutional design; game theory; axiomatic and strategic bargaining theory; agency theory and the class of models that are considered to constitute contract theory, with discussions of moral hazard and trade with asymmetric information; and the theory of relational contracts. The final chapter offers a nontechnical review that provides a guide to which model is the most appropriate for a particular application. End-of-chapter exercises help students expand their understanding of the material, and an appendix provides brief introduction to optimization theory and the welfare theorem of general equilibrium theory. Students are assumed to be familiar with general equilibrium theory and basic constrained optimization theory.

Download or read book Creditworthiness of the Poor written by Michael Kowalik and published by DIANE Publishing. This book was released on 2010-10 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the role of expected income in entrepreneurial borrowing. Poorer individuals are safer borrowers because they place more value on the relationship with the bank. The authors study the dynamics of a monopolistic bank granting loans and taking deposits from overlapping generations of entrepreneurs with different levels of expected income. Matching the evidence of the Grameen Bank, they show that a bank will focus on individuals with lower expected income, and will not disburse dividends until it reaches all the potential borrowers. The authors find support for their results using data from a household survey from Bangladesh. Various measures of expected income are positively and significantly correlated with default probabilities.

Download or read book Women Family and Work written by Karine Moe and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Women, Family, and Work is a collection of original essayson a wide variety of topics related to the economics of gender andthe family. Written by leading thinkers in the field, the essaysapply traditional economic theory to unconventional topics, whilealso developing neoclassical economic thought to provide a bettermodel of economic interactions. 12 newly-commissioned essays on the economics of labor, gender,and family life. Juxtaposes various viewpoints, allowing readers to weigh thebenefits and drawbacks of each model. Applies traditional economic theory to unconventional topics,while also revisioning neoclassical economic thought.

Download or read book Individual fishing quotas IFQs written by United States. Congress. House. Committee on Resources. Subcommittee on Fisheries Conservation, Wildlife, and Oceans and published by . This book was released on 2002 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Approaches to Social Contract Theory written by Michael Moehler and published by Oxford University Press. This book was released on 2024-04-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book features new approaches to social contract theory. Whereas traditional social contract theories and their adaptations in the twentieth century were developed for fairly homogeneous societies, societies in the twenty-first century often are characterized by conflicting first-order directives that stem from deep moral, political, religious, and cultural diversity. To address such diversity and the complexities of contemporary societies, new approaches (including formal approaches) to social contract theory have emerged that re-envision the social contract for a fragmented and sometimes polarized, yet interdependent social world. New social contract theory explores how, in a world of continuous disagreement on questions of justice, in particular the ideals of liberty and equality, society can not only progress, but also flourish and become more robust and open in its social fabric. This book brings together, for the first time, defenders and discussants of new social contract theory. It includes contributions by eminent and emerging scholars in this field. The book clarifies the distinct features of new social contract theory and provides a valuable starting point for discussion of this novel movement in social contract theory.

Download or read book Women Work and Politics written by Torben Iversen and published by Yale University Press. This book was released on 2010-01-01 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an original and groundbreaking approach to gender inequality. Looking at women's power in the home, in the workplace, and in politics from a political economy perspective, the authors demonstrate that equality is tied to demand for women's labor outside the home, which is a function of structural, political, and institutional conditions.--[book jacket].

Download or read book The Evolution of Social Behaviour written by Michael Taborsky and published by Cambridge University Press. This book was released on 2021-08-26 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: First book to outline the fundamental principles of social evolution underlying the stunning diversity of social systems and behaviours.

Download or read book Governance Structures and the Employment Relationship written by Stefan Zagelmeyer and published by Peter Lang. This book was released on 2004 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of Contents Figures 9 Tables 11 Abbreviations 15 Acknowledgements 17 1 Introduction 19 1.1 Governance Structures for the Employment Relationship 19 1.2 The Evolution of Collective Bargaining in Britain 21 1.3 Research Questions and Plan of this Book 27 2 Governance Structures for the Employment Relationship 29 2.1 The Employment Relationship 29 2.2 Governance Structures 46 2.3 Optimal Governance Structures 67 2.4 Conclusions 79 3 Evolution of Governance Structures 81 3.1 Previous Theoretical Literature 82 3.2 The Evolutionary Framework to Governance Structures 106 3.3 Conclusions 129 4 Determinants of Employer Demand for Governance Structures 131 4.1 Company-Level Factors 132 4.2 Markets 164 4.3 Institutions 169 4.4 External Organisations 172 4.5 Conclusions 188 5 Governance Structures 1780-2000: Description and Analysis 191 5.1 The Emergence and Evolution of Governance Structures 1780-2000 191 5.2 The Role of External Organisations 218 5.3 Conclusions 227 6 Determinants of Employer Demand 1980-1998: Bivariate Analyses 229 6.1 Research Design 229 6.2 Company-Level Factors 236 6.3 Markets 279 6.4 Institutions 284 6.5 External Organisations 286 6.6 Conclusions 292 7 Determinants of Employer Demand 1980-1998: Multivariate Analyses 295 7.1 The Current State of Research 295 7.2 Research Design 300 7.3 The Empirical Results 318 7.4 Conclusions 348 8 Conclusions 353 8.1 Determinants of Governance Structures: The Findings 353 8.2 Whodunit? The Decline of Collective Bargaining in Britain 357 8.3 The Implications of Decollectivisation for Human Resource Management and Industrial Relations 360 8.4 Optimal Governance Structures for the Employment Relationship: A Role for Public Policy? 362 Appendix 367 Bibliography 383 Index 409

Download or read book Economic Policy Issues for the Next Decade written by Karl Aiginger and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are several reasons why it has become important to rethink economic policy. Out of the European perspective it is the new currency, the enlargement towards Central and Eastern European countries, the sluggish growth and the end of productivity convergence towards the USA and the insufficient creation of employment. From the transatlantic perspective increasing differences in the economic policy and the potential rise of conflicts between Europe and the USA, for example, in trade, competition and health issues are important. The current volume touches most, but not all of these topics. It starts with the overview by Joseph Stiglitz on policy issues. Then macroeconomics policy is discussed, followed by the problem of an ageing society and European enlargement. Differences between Europe and the USA are large in taxation and in the role of public finance. The relative competitiveness of countries as well as of Europe will be decided by investments into new technologies and progression towards the Science Based Economy. In the final section the role of economists in shaping the economic agenda and giving policy advice is discussed.

Download or read book Handbook of Research on Strategic Human Capital Resources written by Anthony J. Nyberg and published by Edward Elgar Publishing. This book was released on 2019-12-27 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic human capital resources are a relatively new construct with a scholarly literature that is still evolving. Work in this area requires the integration of multiple theoretical perspectives and empirical approaches, but that integration rarely occurs. Within these pages, the editors have combined the voices of leading scholars from a wide range of disciplinary backgrounds to provide a comprehensive introduction to the current state of the field.

Download or read book Cooperatives and Payment Schemes written by Peter Bogetoft and published by Copenhagen Business School Press DK. This book was released on 2007 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cooperatives and cooperative payment schemes, cost, and profit sharing rules are found in all sectors of society - including law and consultancy, insurance and finance, health, housing, utility, and, of course, agriculture. This book develops an economic framework for assessing different cooperative payment schemes. First, a number of relevant criteria (properties) are defined, then the book analyzes how well different schemes fulfill these criteria under alternative production and market conditions. The book is aimed at professionals involved in the design and use of payment schemes, as well as students and researchers at universities. The book includes a number of practical examples from the agro-industrial sector. The criteria and schemes are also illustrated with simple numerical examples and graphics. For the more technically minded, there are specially highlighted sections containing formalized mathematical presentations.