Search results for "jel:J2"
showing 10 items of 27 documents
The Return-to-Entrepreneurship Puzzle
2013
The returns to entrepreneurship are monetary and non-monetary. We offer new evidence on these returns using a large sample of genetically identical male twins. Our within-twin analysis suggests that OLS estimates are downwards, and traditional first-differenced panel data estimates upwards biased. We find no differences in the earnings of men with either low or high education. Our within-twin analysis of non-monetary returns shows that entrepreneurs with low education work longer hours and have greater responsibilities, but also face a reduced risk of divorce and less monotonous work tasks. The same does not apply to highly educated entrepreneurs.
How individual characteristics shape the structure of social networks
2015
Abstract We study how students’ social networks emerge by documenting systematic patterns in the process of friendship formation of incoming students; these students all start out in a new environment and thus jointly create a new social network. As a specific novelty, we consider cooperativeness, time and risk preferences – elicited experimentally – together with factors like socioeconomic and personality characteristics. We find a number of robust predictors of link formation and of the position within the social network (local and global network centrality). In particular, cooperativeness has a complex association with link formation. We also find evidence for homophily along several dim…
High Wage Workers Match with High Wage Firms: Clear Evidence of the Effects of Limited Mobility Bias
2012
Positive assortative matching implies that high productivity workers and firms match together. However, there is almost no evidence of a positive correlation between the worker and firm contributions in two-way fixed-effects wage equations. This could be the result of a bias caused by standard estimation error. Using German social security records we show that the effect of this bias is substantial in samples with limited inter-firm movement. The correlation between worker and firm contributions to wage equations is unambiguously positive.
A bargaining model of Farrell inefficiency
1998
Abstract An enormous number of empirical papers have estimated technical efficiency, the distance of firms inside a frontier, following the model of Farrell (Farrell, 1957. The measurement of productive efficiency. Journal of the Royal Statistical Society Series A 120 (3), 253–290). We propose a theory that explains the distance these empirical papers seek to measure. The theory is based on the idea that workers can bargain low `effort' (high crew sizes etc.) if they and the firm have some monopoly power. We provide simple theoretical expressions for the empirical measures of technical and allocative efficiency and compare them to those in the statistical literature. We also consider the re…
Predictors of time famine among Finnish employees - Work, family or leisure?
2009
The recent survey data indicates that the time famine is a common experience among employees, while the data of time use indicates increased leisure time. Similarly, there are different views on the causes of time famine. Firstly, in working life research time famine is usually explained by increasing requirements of work life. Secondly, in gender studies time famine is considered to be a product of family obligations. Thirdly, some authors interpret time famine as a phenomenon relating to the intensification of leisure. The aim of the study was to examine the extent and causes of time famine among Finnish employees. The analysis was based on the Finnish Use of Time data (1999–2000) and foc…
R&D, Competition and Growth with Human Capital Accumulation Revisited
2012
In this paper, we have presented a generalization of Bucci's (2003) model in which have disentangled the monopolistic mark-up in the intermediate goods sector, the intermediate goods share in the final output and the returns to specialization in order to have a better measurement of competition. Indeed, unlike Bucci (2003), in our model, the measure of competition is completely independent of the intermediate goods share in the final output and the returns to specialization. Our main finding is that, unlike Bucci (2003), we show that the competition does not play any role in growth. This result is explained by the complementarity of innovation and human capital assumed in the research produ…
Access to Secondary Education in Albania: Incentives, Obstacles, and Policy Spillovers
2006
When judged either by educational attainment of adult population or by secondary and tertiary enrollment rates, by 2002 Albania compared very unfavorably to most European countries, including its neighbors. This study examines the determinants of secondary enrollment applying unobserved family effect probit model to data from Living Standards Measurement Survey 2002- 2003. The focus of the paper is to investigate the importance of access to school and to further education for enrollment. We find that both absence of a secondary school in the community and the distance from the residence location to a secondary school have strong negative effect on enrollment, controlling for family backgrou…
More hours, more jobs? The employment effects of longer working hours
2014
Increases in standard hours of work have been a contentious policy issue in Germany. Whilst this might directly lead to a substitution of workers by hours, there may also be a positive employment effect due to reduced costs. Moreover, the response of firms may differ between firms that offer overtime and those that do not. For a panel of German plants (2001–2006) drawn from the IAB Establishment Panel, we are the first to analyse the effect of increased standard hours on employment. Using difference-in-difference methods we find that, consistent with theory, overtime plants showed a significant positive employment response, whilst for standard-time plants there is no difference between plan…
THE NEED FOR THE BALANCE BETWEEN WORK AND PERSONAL LIFE IN THE CONTEXT OF ECONOMIC CRISIS AND THE ENHANCE QUALITY OF LIFE
2012
The professional life of the individual in society should become a major goal of the employment policies and strategies, a goal considered science and art. Starting from the Europe`s demographic paradox, it is concluded the need to use at full capacity the human resources of the EU27, by maximizing the efficiency of each individual of the society. Based on criteria of choice a caree and of the satisfaction - productivity report it is detailed the importance of counselling to optimize the relationship skills / utility in the society. In the end, a series of conclusions and suggestions are presented on the current and future way of addressing employment, education, continuous lifelong profess…
MODELLING AND SIMULATING RISKS IN THE TRAINING OF THE HUMAN RESOURCES BY APPLYING THE CHAOS THEORY
2012
The article approaches the modelling and simulation of risks in the training of the human resources, as well as the forecast of the degree of human resources training impacted by risks by applying the mathematical tools offered by the Chaos Theory and mathematical statistics. We will highlight that the level of knowledge, skills and abilities of the human resources from an organization are autocorrelated in time and they depend on the level of a previous moment of the training, as well as on the impact of the risk factors that can materialize in the process of the continuous training of human resources. The process of self-correlation and continuous training ensures the sustainable and qual…