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I estimate adjustment costs for labor and capital from the Euler equations for factor demand. For both factors, I find relatively strong evidence against substantial adjustment costs. My estimates use...
Culture Clash:The Costs and Benefits of Homogeneity
Mergers and Acquisitions Cost vs Benefits Values and Beliefs Organizational Change and Adaptation
2015/4/22
This paper develops an economic theory of the costs and benefits of corporate culture—in the sense of shared beliefs and values—in order to study the effects of "culture clash" in mergers and acquisit...
The impact of immigration under the defined-benefit pension system: An analysis incorporating assimilation costs
immigration net benefits pension systems social security
2014/11/24
Background: Recently, theoretical studies have started a discussion on how the influx of immigrants affects the finances of the host country.Objective: This paper investigates whether admission of uns...
In-State Tuition for Undocumented Immigrants and its Impact on College Enrollment, Tuition Costs, Student Financial Aid, and Indebtedness
immigration college tuition DREAM Act
2012/10/22
The 1996 Immigration Reform and Responsibility Act barred states from giving unlawful residents postsecondary education benefits that states do not offer to U.S. citizens. In contrast to this federal ...
This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selec...
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 ...
Severance Pay Mandates: Firing Costs, Hiring Costs, and Firm Avoidance Behaviors
severance pay firing costs hiring costs layoff employment insurance savings moral hazard
2012/10/25
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a seminal study, Lazear (1990) found that contract avoidance of severance pay firin...
There is currently no generally accepted method of estimating the costs of crime. After presenting the most commonly used methods of estimating crime, the authors attempt to explore the situation in H...
This article uses data from the 1998-1999 French INSEE time use survey to estimate the time costs of children. The focus is on couples with two spouses working Full-Time in the labor force in order to...
Patients Whose GP Knows Complementary Medicine Tend to Have Lower Costs and Live Longer
healthcare costs life expectancy complementary medicine
2012/10/26
Health economists have largely ignored complementary and alternative medicine (CAM) as an area of research, although both clinical experiences and several empirical studies suggest cost-effectiveness ...
The Psychological Costs of War: Military Combat and Mental Health
military service post-traumatic stress disorder depression
2012/10/31
While descriptive evidence suggests that deployment in the Global War on Terrorism is associated with adverse mental health, the causal effect of combat is not well established. Using data drawn from ...
There is currently no generally accepted method of estimating the costs of crime. After presenting the most commonly used methods of estimating crime, the authors attempt to explore the situation in H...
Time-Bound Opportunity Costs of Informal Care: Consequences for Access to Professional Care, Caregiver Support, and Labour Supply Estimates
use of time joint production informal care paid work opportunity cost labor supply
2012/11/2
Patterns of informal care are documented throughout the day with Dutch time use diary data. The diary data enable us to identify a, so far overlooked, source of opportunity costs of informal care, i.e...
Compensation costs in manufacturing across industries and countries, 1975?007
Compensation costs manufacturing industries and countries
2010/11/29
Rankings of manufacturing industries based on employers?labor costs for production workers changed very little from 1975 to 2007 and also did not tend to differ much from country to country; however, ...
Labor costs in India抯 organized manufacturing sector
Labor costs organized manufacturing sector
2010/11/29
Compensation costs in India抯 organized manufacturing sector were 91 cents per hour for all employees in 2005; this amounted to about 3 percent of hourly labor costs in the U.S. manufacturing sector, b...
