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Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics
incentives wage setting equity gift exchange reciprocity incomplete contracts organizational economics laboratory experiments
2012/10/30
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with ...
Tax-Benefit Systems in Europe and the US: Between Equity and Efficiency
social preferences redistributi on optimal income taxation labor supply
2012/11/1
Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate ab...
The Matching Efficiency of Regional Labour Markets: A Stochastic Production Frontier Estimation, France 1990-1995
Matching efficiency regional unemployment stochastic frontier
2013/10/18
We evaluate the determinants of matching efficiency changes through a stochastic Cobb-Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to cap...
Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining
Unemployment wage bargaining matching
2013/10/18
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-mat...
Efficiency Properties of Labor Taxation in a Spatial Model of Restricted Labor Mobility
Restricted Labor Mobility Efficient Allocation of Labor Labor Taxation
2013/10/18
We examine the efficiency properties of labor taxation. A spatial model of an economy is introduced whose key feature is a new approach to restricted labor mobility. We characterize the efficient allo...
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers’ location in an agglomeration depends on commuting co...
Learning Efficiency of Economics Students
efficiency education of economics stochastic frontier
2013/10/17
In this paper six authors propose guidelines for German labor market policy, to overcome current discouragement and lead to a new balance of social security and individual competitiveness. Crucial asp...