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Personnel Economics in Imperfect Labour Markets
  • Language: en
  • Pages: 277

Personnel Economics in Imperfect Labour Markets

Table of Contents 1 Personnel economics and non-competitive labour markets 1 2 The optimal skill ratio 11 3 The hours-employment trade-off 27 4 Temporary or permanent? 45 5 Managing adverse selection in recruiting 62 6 Optimal compensation schemes : foundation 82 7 Pay for performance with wage constraints 107 8 Relative compensation and efficiency wage 132 9 Training and human capital investment 152 10 Training investment in imperfect labour markets 171 11 Job destruction 187 12 Further issues in employment protection legislation 202 13 Teams of group incentives 218 App. A Labour demand at the firm level 232 App. B Constrained optimization 238.

Executive Remuneration and Employee Performance-Related Pay
  • Language: en
  • Pages: 311

Executive Remuneration and Employee Performance-Related Pay

The compensation packages of a growing proportion of firms include pay schemes that are linked to employee or company performance, yet little is known about the patterns of performance related pay. This book compares US and European CEOs to investigate the evolution of executive compensation, its controversies, and its resulting regulations.

Brain Drain and Brain Gain
  • Language: en
  • Pages: 336

Brain Drain and Brain Gain

Part II examines the consequences of brain drain for the sending countries.

The Ruling Class
  • Language: en
  • Pages: 228

The Ruling Class

Part II is devoted to the managerial class.

Unexplored Dimensions of Discrimination
  • Language: en
  • Pages: 289

Unexplored Dimensions of Discrimination

A volume on discrimination in the labour market. Part One addresses career paths, schooling choice, and the gender wage gap. Part Two addresses unexplored dimensions of discrimination with particular attention to physical appearance, obesity, religion, and sexual orientation.

Longer-term Consequences of the Great Recession on the Lives of Europeans
  • Language: en
  • Pages: 209

Longer-term Consequences of the Great Recession on the Lives of Europeans

The book uses new survey data on the lives of Europeans to investigate the likely long term impact of the great recession on individual earnings, standards of living, and health.

Garibaldi
  • Language: en
  • Pages: 482

Garibaldi

Originally published under the title: Garibaldi and his enemies. Boston, Little, Brown, 1965.

A Dynamic Approach to Europe's Unemployment Problem
  • Language: en
  • Pages: 63

A Dynamic Approach to Europe's Unemployment Problem

Examines the main factors influencing unemployment at both an aggregate level and at an individual level and assesses the role of policies to bring unemployment down.

IMF Staff papers, Volume 45 No. 2
  • Language: en
  • Pages: 204

IMF Staff papers, Volume 45 No. 2

This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.

Meritocracy, Growth, and Lessons from Italy's Economic Decline
  • Language: en
  • Pages: 273

Meritocracy, Growth, and Lessons from Italy's Economic Decline

This book draws lessons on the importance of meritocracy for economic growth by analysing Italy's economic decline in the past few decades. Connections, rather than merit, are a long-standing feature of the Italian elites, even in the corporate sector. This became a significant problem when Italy's economy could no longer grow due to imitation, devaluation, and public debt, and faced the challenges of becoming a frontier knowledge-based open economy. This book uses international comparisons on social capital, governance, the role of the public sector, efficiency of the judiciary, education, gender and social inequality, social mobility, corporate standards, financial structures, and more to ...