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作者：Horstmann, IJ; Mathewson, F; Quigley, N
作者单位：University of Toronto; Victoria University Wellington
摘要：In certain industries, sales agent contracts include provisions for sales commissions and clawbacks of commissions if clients are not retained. We show that contracts with these features arise in environments having up-front selling costs recouped from ongoing sales; heterogeneous customers; limited agent access to capital markets; and imperfect commitment to long-term contracts. We test the model using information on insurance sales agent contracts from New Zealand prior to and after bank ent...
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作者：Beaudry, P; Green, DA
作者单位：University of British Columbia
摘要：This article examines the determinants of changes in the U. S. wage structure from 1976 to 2000. Our main empirical observation is that changes in both the level of wages and the returns to skill over this period were primarily driven by changes in the ratio of human capital to physical capital. We show that this pattern conforms extremely well to a simple model of technological adoption following a major change in technological opportunities. In contrast, we do not find much empirical support...
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作者：Currie, J; Willis, B; Farber, H; Light, A; Bound, J; Rivkin, S; Welch, F; Pencavel, J
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作者：Lentz, R; Tranæs, T
作者单位：Boston University
摘要：This article studies a risk-averse worker's optimal savings and job search behavior as she moves back and forth between employment and unemployment. We show that job search effort is negatively related to wealth under the assumption of additively separable utility. Consequently, job search exhibits positive unemployment duration dependence because wealth is drawn down to smooth consumption as the spell progresses. Finally, given optimal search, savings still provide imperfect insurance against...
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作者：Kugler, AD; Sauer, RM
作者单位：University of Houston System; University of Houston; Pompeu Fabra University; University of Southampton
摘要：Relicensing requirements for professionals who move across borders are widespread. In this article, we measure the effects of occupational licensing by exploiting an immigrant physician retraining assignment rule. Instrumental variables and quantile treatment effects estimates indicate large returns to acquiring an occupational license and negative selection into licensing status. We also develop a model of optimal license acquisition that, together with the empirical results, suggests that st...
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作者：Chin, A
作者单位：University of Houston System; University of Houston
摘要：In 1942, all Japanese were evacuated from the West Coast and incarcerated in internment camps. To investigate the long-run economic consequences of this historic episode, I exploit the fact that Hawaiian Japanese were not subject to mass internment. I find that the labor market withdrawal induced by the internment reduced the annual earnings of males by as much as 9%-13% 25 years afterward. This is consistent with the predictions of an economic model that equates the labor market withdrawal in...
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作者：DellaVigna, S; Paserman, MD
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Hebrew University of Jerusalem
摘要：Workers who are more impatient search less intensively and set lower reservation wages. The effect of impatience on exit rates from unemployment is therefore unclear. If agents have exponential time preferences, the reservation wage effect dominates for sufficiently patient individuals, so increases in impatience lead to higher exit rates. The opposite is true for agents with hyperbolic time preferences. Using two large longitudinal data sets, we find that impatience measures are negatively co...
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作者：Kuhn, P; Weinberger, C
作者单位：University of California System; University of California Santa Barbara
摘要：Controlling for cognitive skills, we find that men who occupied leadership positions in high school earn more as adults. The pure leadership-wage effect varies, depending on definitions and time period, from 4% to 33%. This effect is not an artifact of measurement error in cognitive skills or differences in a wide array of other physical or psychological traits. High school leaders are more likely to occupy managerial occupations as adults, and leadership skills command a higher wage premium w...
