منابع مشابه
Turnover, Wages, and Adverse Selection
Worker mobility is necessary for the efficient operation of the labor market, so that the best matches can be found between workers and employers. Employers have only limited information about the abilities of each prospective worker, however. When making hiring decisions, they take the chance of employing a worker who does not have the skills (and thus the productivity) that was originally exp...
متن کاملDiscrimination and Efficiency Wages: Estimates of the Role of Efficiency Wages in MaleFernale Wage Differentials
R ecent work on efficiency wage models has increased our understanding of discrimination, as well as the operation of labor markets (Bulow and Summers [1986]; Bowles [19851; and Akerlof [19841). Bulow and Summers [I9861 developed an efficiency wage model of labor markets that has direct implications for discrimination. They argued that the wage premia necessary to keep males and females from sh...
متن کاملWages, Employment, and Statistical Discrimination: Evidence from the Laboratory
When membership in a particular group conveys valuable information about an individual’s skills, productivity, or other human capital characteristics, a non-prejudiced agent may still find it rational to statistically discriminate. We frame statistical discrimination in a labor market setting for a series of laboratory experiments. A main objective of our experiments is to examine how varying p...
متن کاملPortfolio Selection Models and Their Discrimination
The stochastic nature of financial markets is a barrier for successful portfolio management. Besides traditional Markowitz’s model, many other portfolio selection models in Bayesian and Non-Bayesian frameworks have been developed. Starting with the basic Markowitz model, several cardinal models are used to find optimum portfolios with select stock set. Having developed the regression model of t...
متن کاملOn the Reservation Wages and Liquidity Constraint
This paper argues that a risk averse of workers after-tax reservation wage the difference between her reservation wage and the tax needed to fund the unemployment insurance system when liquidity constraint binds exists and it is unique. The optimality of unemployment insurance based on the responsiveness of reservation wage to unemployment benefit shows the disincentive effect, i.e. higher unem...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1726736