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Economics of Legal Concepts for Management Compensation Schemes in the Credit Sector and of their Regulation – A Critical Contribution to the European Regulatory Discussion
Management Compensation Schemes European Regulatory Discussion
2015/8/4
Compensation schemes for managers in the credit sector are a core issue of vibrant and controversial discussions in context of the current ongoing international financial crisis.1 The questions of how...
Serious illness requiring costly treatment can have devastating financial consequences for individuals and families. Because illness strikes randomly, risk-pooling through various kinds of insurance a...
Efficiency in a Search and Matching Economy with a Competitive Informal Sector
search and matching models informality efficiency
2012/10/19
We consider a dual labor market with a frictional formal sector and a competitive informal
sector. We show that the size of the informal sector is generally too large compared to the
optimal allocat...
Promotion and Wages in Mid-Career: Gender, Unionism, and Sector
mid-career early career promotion wages wage growth gender unionism public sector
2012/10/22
This paper considers the role of gender in the promotion process and the impact of promotion on wages and wage growth, using data from the National Longitudinal Survey of Youth (NLSY79). Its focus is ...
Subcontracting and the Size and Composition of the Informal Sector: Evidence from Indian Manufacturing
informal sector formal sector subcontracting manufacturing India
2012/10/23
This paper analyzes the relationship between formal sector subcontracting and the evolution of the informal sector using nationally representative survey data of Indian manufacturing enterprises for t...
Incentives in the Public Sector: Evidence from a Government Agency
incentives public sector teams performance personnel economics
2012/10/23
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot scheme of incentives in a major government agency. The incentive scheme was based on...
How Large Is the Private Sector in Africa? Evidence from National Accounts and Labor Markets
private sector size private sector development private consumption private investment national accoun ts private sector employment private sector earnings labor markets Africa
2012/10/17
In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African pri...
Heterogeneous Firms, Trade, and Economic Policy: Insights from a Simple Two-Sector Model
firm heterogeneity monopolistic competition economic policies and welfare
2012/10/22
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory o...
The German Manufacturing Sector is a Granular Economy
power law idiosyncratic shocks granular residual Germany
2012/10/22
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German m...
Pension Systems in the EU Contingent Liabilities and Assets in the Publicand Private Sector
Pension Systems Liabilities and Assets Publicand Private Sector
2012/3/15
This study provides an overview of the different pension systems across EU
Member States and describes contingent liabilities and assets in the public and
private sectors. Therefore, the study asses...
Does Expanding Health Insurance Beyond Formal-Sector Workers Encourage Informality? Measuring the Impact of Mexico's Seguro Popular
informality Seguro Popular Mexico non-contributory social programs social assistance
2012/10/23
Seguro Popular (SP) was introduced in 2002 to provide health insurance to the 50 million Mexicans without Social Security. This paper tests whether the program has had unintended consequences, distort...
Does the Sector Experience Affect the Pay Gap for Temporary Agency Workers?
temporary agency employment treatment intensity dose response function approach wages Germany
2012/10/26
It is a well-known fact that temporary agency workers have to accept high pay penalties. However, remarkably little is known about the remuneration of workers who are frequently employed in this secto...
The Decline of Early Retirement Pathways in the Netherlands: An Empirical Analysis for the Health Care Sector
early retirement disability insurance labour supply
2012/10/26
Early retirement schemes and disability insurance in the Netherlands have both been reformed during the past decades. The reforms have increased incentives to continue working and have decreased the s...
The Effect of Public Sector Employment on Women's Labour Market Outcomes
public sector employment gender gaps labour market transitions
2012/10/26
This paper addresses the role played by Public Sector (PS) employment across different OECD labour markets in explaining: (i) gender differences regarding choices to work in either PS or private secto...
Informal Sector and Corruption: An Empirical Investigation for India
informal sector corruption state domestic product governance India
2012/10/31
India is a country characterized by a huge informal sector. At the same time, it is a country where the extent of corruption in every sector is remarkably high. Stifling bureaucratic interference and ...