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  1. Sensitivity to calibrated parameters
    Erschienen: [2021]
    Verlag:  Cemmap, Centre for Microdata Methuods and Practice, The Institute for Fiscal Studies, Department of Economics, UCL, [London]

    A common approach to estimation of dynamic economic models is to calibrate a sub-set of model parameters and keep them fixed when estimating the remaining parameters. Calibrated parameters likely affect conclusions based on the model but estimation... mehr

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    A common approach to estimation of dynamic economic models is to calibrate a sub-set of model parameters and keep them fixed when estimating the remaining parameters. Calibrated parameters likely affect conclusions based on the model but estimation time often makes a systematic investigation of the sensitivity to calibrated parameters infeasible. I propose a simple and computationally low-cost measure of the sensitivity of parameters and other objects of interest to the calibrated parameters. In the main empirical application, I revisit the analysis of life-cycle savings motives in Gourinchas and Parker (2002) and show that some estimates are sensitive to calibrations.

     

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    Sprache: Englisch
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    hdl: 10419/241949
    Schriftenreihe: Cemmap working paper ; CWP21, 13
    Schlagworte: Sensitivity; Transparency; Structural Estimation; Calibration; Savings Motives
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  2. Do civil servants respond to behavioral interventions?
    a field experiment
    Erschienen: November 2021
    Verlag:  Inter-American Development Bank, Department of Research and Chief Economist, [Washington, DC]

    Introducing financial incentives to increase productivity in the public sector tends to be politically and bureaucratically cumbersome, particularly in developing countries. Behavioral interventions could be a low-cost alternative, both politically... mehr

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    Introducing financial incentives to increase productivity in the public sector tends to be politically and bureaucratically cumbersome, particularly in developing countries. Behavioral interventions could be a low-cost alternative, both politically and financially, although evidence of their effectiveness remains scarce. We evaluate the effect of redesigning the notice requiring civil servants in Buenos Aires to comply with citizens requests under Argentina's freedom of information act. The new notice, sent to the treatment group, attempts to exploit salience, deterrence, clarity, and social norms to increase adherence to deadlines. The results show an increase in the share of requests fulfilled by the second deadline, possibly because of a strong anchoring effect. These findings indicate that behavioral interventions can affect civil servants' actions. The fact that the intervention occurred at the same time as a civil service training program with sessions attended by members of both the control and treatment groups allows us to evaluate spillover effects. The evidence suggests that the time it takes a members of the treatment group to respond to a request increases with her interactions with members of the control group at the workshops. These findings have implications for policy design. First, they indicate that behavioral interventions could affect task compliance and productivity in the public sector. Second, they provide evidence that workshops may not always have the intended consequences, particularly when they increase interactions among employees with high and low incentives for task compliance.

     

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    hdl: 10419/252344
    Schriftenreihe: IDB working paper series ; no IDB-WP-1218
    Schlagworte: Behavioral economics; Nudge; Civil servants; Freedom of information act; Public administration; State capacity; Incentives; Transparency; Anchoring
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. TRIPS flexibilities and TRIPS-plus provisions in the RCEP chapter on intellectual property: how much policy space is retained?
    Erschienen: [2021]
    Verlag:  South Centre, Geneva

    The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020 by 15 Asian-Pacific countries (ASEAN-Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam-, and China,... mehr

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    The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020 by 15 Asian-Pacific countries (ASEAN-Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam-, and China, Japan, South Korea, Australia and New Zealand), comprising about one third of the world's population and economy. India was a crucial party to the negotiations but opted out of the agreement. Ratification of the agreement is still pending, subject to more Parties ratifying it at the national level. This paper provides a broad overview of the RCEP agreement and discusses the details of the intellectual property (IP) Chapter. Significantly, it does not contain substantive TRIPS-plus provisions that undermine public health in developing countries-although it does contain such provisions in other areas such as copyrights, trademarks, and IP enforcement.

     

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  4. Legislators in the crossfire: the effect of transparency on parliamentary voting
    Erschienen: [2021]
    Verlag:  Center for Research in Economics and Statistics, Palaiseau, France

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    Schriftenreihe: Working paper series / Center for Research in Economics and Statistics ; no. 2021, 12 (September 2021)
    Schlagworte: Voting; Transparency; Party discipline; Principal agent
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  5. Does tax return disclosure affect information asymmetry among investors?
    Autor*in: Wu, Yuchen
    Erschienen: 2021
    Verlag:  WU Vienna University of Economics and Business, [Vienna]

    Tax return information is often complex and difficult to interpret. Whether its public availability benefits unsophisticated users remains an empirical question. This study examines whether public disclosure of tax return information affects... mehr

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    Tax return information is often complex and difficult to interpret. Whether its public availability benefits unsophisticated users remains an empirical question. This study examines whether public disclosure of tax return information affects information asymmetry among more- and less- sophisticated investors. I investigate the unique setting of mandatory disclosure of three bottom-line income tax items in Australia. Using a difference-in-difference design with an entropy-balanced control group, I find evidence that information asymmetry decreased after the mandatory disclosure. The effect is more pronounced for firms with a poorer information environment, with higher individual ownership, and with lower media attention. The magnitude of the postdisclosure decline in the bid-ask spread correlates with the degree of the absolute book-tax gap of tax expense. This result is concentrated among firms with only mandatory disclosure—without any voluntary commitment or voluntary disclosure. Overall, the results suggest that public disclosure of tax return information does have the potential to reduce information asymmetry among investors

     

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    Auflage/Ausgabe: This draft: September 2021
    Schriftenreihe: WU international taxation research paper series ; no. 2021, 08
    Working paper series / SFB/Transregio TRR 266 Accounting for Transparency ; no. 62 (September 2021)
    Schlagworte: Tax return; Disclosure; Information asymmetry; Transparency
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  6. The Climate PoLicy ANalysis (C-PLAN) Model, Version 1.0
    Erschienen: [2021]
    Verlag:  [Auckland University of Technology], [Auckland, New Zealand]

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    Weitere Identifier:
    hdl: 10419/242591
    Schriftenreihe: Economics working paper series / Faculty of Business, Economics and Law, AUT ; 2021, 04
    Schlagworte: Climate change mitigation; Computable general equilibrium; Replication; Transparency
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  7. Sensitivity to calibrated parameters
    Erschienen: [2021]
    Verlag:  CEBI, Department of Economics, University of Copenhagen, Copenhagen

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    hdl: 10419/258928
    Schriftenreihe: CEBI working paper series ; 20, 14
    Schlagworte: Sensitivity; Transparency; Structural Estimation; Calibration; Savings Motives
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  8. The public-private partnerships’ impact on transparency and effectiveness in the EU internet content regulation
    the Case of “Network Enforcement Act (NetzDG)” in Germany
    Autor*in: Park, Jieum
    Erschienen: [2020]
    Verlag:  Universitätsverlag Potsdam, Potsdam

    This master’s thesis examined the internet content regulation in Germany from a perspective of Public-Private Partnerships. In the European Union, there has been a latest trend of initiatives aiming for combating illegal content online under the... mehr

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    This master’s thesis examined the internet content regulation in Germany from a perspective of Public-Private Partnerships. In the European Union, there has been a latest trend of initiatives aiming for combating illegal content online under the self-regulatory regime. Yet, concerns of this trend were that transparency cannot be ensured properly to safeguard the freedom of expression, and that the private intermediaries are not able to carry out effective regulation under the non-binding regulatory process. Due to these issues, Germany has legislated the Network Enforcement Act in 2017. This thesis used Mixed Methods within a Case Study Research, in order to identify the PPP type of the NetzDG, and to understand its link on transparency and effectiveness, as well as the relationship of these two dimensions. By taking an Exploratory Sequential Design, the German internet content regulation under the NetzDG was explored to understand its co-regulatory regime and to develop an instrument to measure the aspects of transparency and effectiveness. Then, the three big social media platforms, YouTube, Twitter, and Facebook, were examined according to the developed indicators. This thesis concluded as follow: First, the enactment of the NetzDG brought the shift of the regulatory paradigm from the self-regulatory to the co-regulatory. Yet, the actor-inclusive institutional arrangement of the NetzDG did not successfully result in the actual inclusion of actors in decision-making, but only improved the result transparency in the disclosure of take-down actions. Second, the level of effective regulation was not consistent across the three social media platforms under this regime. Despite these limitations, this study showed that the transparency and the effectiveness of the social media platforms’ implementation gradually improved together, instead of having a negative correlation to one another. Diese Masterarbeit untersucht die Regulierung von Internetinhalten in Deutschland aus der Sicht von Public-Private Partnerships. In der Europäischen Union hat es in letzter Zeit einen Trend zu Initiativen zur Bekämpfung illegaler Internetinhalte im Rahmen der Selbstregulierung gegeben. Jedoch besteht die Sorge, dass weder Transparenz richtig gewährleistet werden kann, um die Meinungsfreiheit zu schützen, noch dass es für Social Media Plattformen nicht möglich ist, die Regulierungen in einem unverbindlichen Selbstregulierungssystems effektiv durchzusetzen. Aufgrund dieser Probleme verabschiedete Deutschland 2017 das Netzwerkdurchsetzungsgesetz (NetzDG). Diese Masterarbeit nutzt einen Mixed Methods-Ansatz im Rahmen einer Fallstudie, um die Art von Public-Private Partnerships des NetzDG zu bestimmen und um ihre Verbindung zu Transparenz und Effektivität sowie deren Beziehung untereinander zu verstehen. Durch ein exploratives sequentielles Forschungsdesign wurde die deutsche Regulierung von Internetinhalten unter dem NetzDG untersucht, um das ko-regulierende System zu verstehen und um Instrumente zur Messung von Transparenz- und Effektivitätsaspekten zu entwickeln. Dabei wurden die drei großen Social Media Plattformen (YouTube, Twitter und Facebook) in Bezug auf die entwickelten Indikatoren analysiert. Basierend auf den Ergebnissen kommt diese Masterarbeit zu folgenden Schlüssen: Erstens, brachte das Inkrafttreten des NetzDGs einen Wandel des Regulierungsregimes von der Selbstregulierung zur Ko-Regulierung. Die akteurs-übergreifende institutionelle Ausgestaltung des NetzDG führte zwar zu keiner tatsächlichen Einbeziehung der Akteure in die Entscheidungsfindung, sondern hat lediglich die Ergebnistransparenz bei der Offenlegung von Take-down Handlungen verbessert. Zweitens war in den verglichenen drei Social Media Plattformen das Niveau der effektiven Regulierung nicht einheitlich. Trotz dieser Einschränkungen zeigt diese Studie, dass sich die Transparenz und die Effektivität der Umsetzung des NetzDGs durch die Social Media Plattformen gemeinsam sukzessive verbessert haben, statt in einem Trade-off Verhältnis zueinander zu stehen.

     

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    Beteiligt: Proeller, Isabella (HerausgeberIn); Kuhlmann, Sabine (HerausgeberIn)
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/259476
    Schriftenreihe: Schriftenreihe für Public und Nonprofit Management ; 26
    Schlagworte: Internet Content Regulation; Network Enforcement Act; Transparency; Effectiveness; Public-Private Partnerships; Co-Regulation; Regulierung von Internetinhalten; Netzwerkdurchsetzungsgesetz; Transparenz; Effektivität; Öffentlich-Privater-Partnerschaften; Ko-Regulierung
    Umfang: 1 Online-Ressource (VI, 73 Seiten, 1307 KB), Illustrationen
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    Gesehen am 13.01.2021

  9. WTO reform and the crisis of multilateralism
    a developing country perspective
    Autor*in: Ismail, Faizel
    Erschienen: [2020]
    Verlag:  South Centre, Petit-Saconnex, Geneva, Switzerland

    The WTO has not been able to recover since the collapse of the Doha Round in July 2008. Several ministerial conferences including the Buenos Aires meeting in December 2017 failed to reach agreement. The US Trump Administration launched a campaign to... mehr

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    The WTO has not been able to recover since the collapse of the Doha Round in July 2008. Several ministerial conferences including the Buenos Aires meeting in December 2017 failed to reach agreement. The US Trump Administration launched a campaign to reform the WTO in 2018 and 2019. This book argues that the Trump Administration reform proposals have been much more aggressive and far-reaching than the Obama Administration before it, threatening to erode hard-won special and differential treatment rights of developing countries. By blocking the appointment of new Appellate Body members, the US has effectively paralysed the Appellate Body and deepened the crisis of the multilateral trading system. Developing countries have responded to the proposals and called for the WTO to be development-oriented and inclusive. This book provides a critical analysis of the US-led reform proposals and seeks to build a discourse around an alternative set of concepts or principles to guide the multilateral trading system based on fairness, solidarity, social justice, inclusiveness and sustainability.

     

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  10. Opacity and risk-taking
    evidence from Norway
    Erschienen: [2020]
    Verlag:  Norges Bank, Oslo

    This paper investigates how balance sheet opacity affects banks' risk-taking behavior. We measure bank balance sheet opacity according to two metrics: the ratio of available-for-sale (AFS) securities and the ratio of off-balance sheet items. We show... mehr

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    This paper investigates how balance sheet opacity affects banks' risk-taking behavior. We measure bank balance sheet opacity according to two metrics: the ratio of available-for-sale (AFS) securities and the ratio of off-balance sheet items. We show that balance sheet opacity is positively correlated with realized bank risk. Specifically, banks with more AFS securities have lower realized risk, while banks with more off-balance sheet items have higher realized risk. The correlation between opacity and risk depends on both macroeconomic variables and bank characteristics. The positive relationship between bank opacity and bank risk is weaker for better capitalized banks and banks that are subject to more market discipline. The relationship is also weaker during periods of favorable market conditions. Motivated by this analysis, we then investigate how regulation affects bank opacity. We show that higher capital requirements reduce bank opacity and bank risk through a portfolio rebalancing channel.

     

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    Sprache: Englisch
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    ISBN: 9788283791662
    Weitere Identifier:
    hdl: 11250/2690085
    hdl: 10419/246119
    Schriftenreihe: Working paper / Norges Bank ; 2020, 12
    Schlagworte: Opacity; Transparency; Available-for-sale securities; Off-balance sheet items; Risktaking
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  11. Pay transparency under subjective performance evaluation
    Erschienen: [2021]
    Verlag:  Department of Economics, Johannes Kepler University of Linz, Linz-Auhof, Austria

    This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using "subjective performance evaluation"). First, we show that transparency triggers social comparisons that require the organization... mehr

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    This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using "subjective performance evaluation"). First, we show that transparency triggers social comparisons that require the organization to pay its employees an "envy premium". This premium reduces the value of the employment relationship to the organization, and thus its incentive to pay subjective bonuses to the hard-working employees. To restore credibility of its incentive system, a transparent organization must therefore reduce the weight of bonuses, and increase the weight of fixed salaries, in the employees' compensation, relative to organizations that operate in a more conventional "pay secrecy" regime. Second, we show that transparency enables the employees to collectively sanction the organization for reneging on subjective incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross-subsidize" weak ones, achieving a more balanced allocation of effort than under pay secrecy. We discuss testable implications of our model for compensation design, the choice between transparency and secrecy regimes, and organizational responses to pay transparency laws.

     

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    hdl: 10419/246319
    Schriftenreihe: Working paper / Department of Economics, Johannes Kepler University of Linz ; no. 2102 (January 2021)
    Schlagworte: Social Comparisons; Secrecy; Transparency; Relational Contracts; Incentives
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  12. Captured by financial institutions?
    new academic insights for EU policy makers
    Autor*in: Mosk, Thomas
    Erschienen: [2021]
    Verlag:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt am Main

    This policy white paper shows, using data on European Commission (EC) lobby meetings, that financial institutions and finance trade associations have substantial access to EC policymakers. While lobbying could transfer policy-relevant information and... mehr

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    This policy white paper shows, using data on European Commission (EC) lobby meetings, that financial institutions and finance trade associations have substantial access to EC policymakers. While lobbying could transfer policy-relevant information and expertise to policymakers, it could also result in the capture of policymakers by the industry, which could harm consumers and taxpayers. How could policymakers prevent regulatory capture, but retain the benefits of the sector expertise in policy decisions? Awareness of regulatory capture by policymakers is one of the most important remedies. This paper provides an overview of the origins of the regulatory capture theory and recent academic evidence. The paper shows that regulatory capture could emerge in a variety of institutions and policy areas but is not ubiquitous and depends on the incentives of policymakers and the policy environment. Subsequently, the paper discusses various measures to prevent regulatory capture, such as more transparency, diverse expert groups, and cooling-off periods.

     

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    hdl: 10419/228785
    Schriftenreihe: SAFE white paper ; no. 77 (January 2021)
    Schlagworte: Lobbying; Quid-pro-quo Mechanism; Regulatory Capture; Transparency
    Umfang: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  13. Is central bank communication a complement or substitute for monetary policy?
    Erschienen: [2021]
    Verlag:  Central Bank of Trinidad & Tobago, [Port-of-Spain]

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    Schriftenreihe: Working paper series / Central Bank of Trinidad and Tobago ; WP 2021, 01 (March 2021)
    Schlagworte: Vector Autoregression; Vector Error Correction; Text Mining; Central Bank Communication; Transparency; Monetary Policy Communication; Information and Forward Guidance
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  14. Lighting up the dark
    liquidity in the German corporate bond market
    Erschienen: [2021]
    Verlag:  Deutsche Bundesbank, Frankfurt am Main

    We study the impact of transparency on liquidity in OTC markets. We do so by providing an analysis of liquidity in a corporate bond market without trade transparency (Germany), and comparing our findings to a market with full posttrade disclosure... mehr

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    We study the impact of transparency on liquidity in OTC markets. We do so by providing an analysis of liquidity in a corporate bond market without trade transparency (Germany), and comparing our findings to a market with full posttrade disclosure (the U.S.). We employ a unique regulatory dataset of transactions of German financial institutions from 2008 until 2014 to find that: First, overall trading activity is much lower in the German market than in the U.S. Second, similar to the U.S., the determinants of German corporate bond liquidity are in line with search theories of OTC markets. Third, surprisingly, frequently traded German bonds have transaction costs that are 39-61 bp lower than a matched sample of bonds in the U.S. Our results support the notion that, while market liquidity is generally higher in transparent markets, a subset of bonds could be more liquid in more opaque markets because of investors "crowding" their demand into a small number of more actively traded securities.

     

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    ISBN: 9783957298294
    Weitere Identifier:
    hdl: 10419/235891
    Schriftenreihe: Discussion paper / Deutsche Bundesbank ; no 2021, 21
    Schlagworte: Corporate Bonds; WpHG; Liquidity; Transparency; OTC markets
    Umfang: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  15. Acquisition, (mis)use and dissemination of information
    the blessing of cursedness and transparency
    Erschienen: February 2021
    Verlag:  CSEF, Centre for Studies in Economics and Finance, Department of Economics, University of Naples, Naples, Italy

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    Schriftenreihe: Working paper / CSEF, Centre for Studies in Economics and Finance ; no. 604
    Schlagworte: Information Acquisition; Transparency; Cursed Equilibrium; Information Dissemination; Aggregative Information
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  16. Information shocks and parental response in education
    a case study of an open government initiative
    Erschienen: [2022]
    Verlag:  KU Leuven, Department of Economics, Leuven

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    Schriftenreihe: Discussion paper series / [KU Leuven, Department of Economics] ; DPS22, 02 (March 2022)
    Schlagworte: Open government; Information shock; Transparency; School inspection reports; School choice; Difference-in-Differences; Generalized Synthetic Control method
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  17. Central bank communication about climate change
    Erschienen: April 15, 2022
    Verlag:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Schriftenreihe: Finance and economics discussion series ; 2022, 031
    Schlagworte: Financial stability; Transparency; Central bank mandate; Green finance; Natural language processing; Central bank speeches
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  18. Pitfalls of pay transparency
    evidence from the lab and the field
    Erschienen: [2022]
    Verlag:  Tinbergen Institute, Amsterdam, The Netherlands

    Wage transparency regulation is widely considered and adopted as a tool to reduce the gender wage gap. We combine field and laboratory evidence to address how and when wage transparency can be effective and explore the role of belief adjustments as a... mehr

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    Wage transparency regulation is widely considered and adopted as a tool to reduce the gender wage gap. We combine field and laboratory evidence to address how and when wage transparency can be effective and explore the role of belief adjustments as a mechanism. In the field, this paper studies a German wage transparency policy that allows employees to request wage information of comparable employees. Exploiting variation across firm size and time, we first provide causal evidence that this regulation does not affect the gender wage gap. In an online laboratory experiment, we study whether the failure of this policy hinges on two aspects: (1) the endogenous availability of wage information, and (2) the absence of performance information. Our data underline the importance of both factors. In contrast to endogenously acquired wage information, exogenously provided wage information does increase overall wages. So does the provision of performance information. However, none of these types of information reduce the gender wage gap. Wage information even deters women from entering negotiations.

     

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    Weitere Identifier:
    hdl: 10419/263975
    Schriftenreihe: Array ; TI 2022, 055
    Schlagworte: Gender pay gap; Negotiations; Transparency
    Umfang: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  19. Uneven regulation and economic reallocation
    evidence from transparency regulation
    Erschienen: [2022]
    Verlag:  DFG Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University, Frankfurt am Main, Germany

    We investigate the impact of uneven transparency regulation across countries and industries on the location of economic activity. Using two distinct sources of regulatory variation-the varying extent of financial-reporting requirements and the... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 778
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    We investigate the impact of uneven transparency regulation across countries and industries on the location of economic activity. Using two distinct sources of regulatory variation-the varying extent of financial-reporting requirements and the staggered introduction of electronic business registers in Europe-, we consistently document that direct exposure to transparency regulation is negatively associated with the focal industry's economic activity in terms of inputs (e.g., employment) and outputs (e.g., production). By contrast, we find that indirect exposure to supplier and customer industries' transparency regulation is positively associated with the focal industry's economic activity. Our evidence suggests uneven transparency regulation can reallocate economic activity from regulated toward unregulated countries and industries, distorting the location of economic activity.

     

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    Weitere Identifier:
    hdl: 10419/266547
    Auflage/Ausgabe: This draft: November 2022
    Schriftenreihe: LawFin working paper ; no. 43
    Schlagworte: Regulation; Reallocation; Transparency; Disclosure; Supply Chain
    Umfang: 1 Online-Ressource (68, 14 Seiten), Diagramme, Karten
  20. The salary taboo
    privacy norms and the diffusion of information
    Erschienen: [2020]
    Verlag:  Harvard Business School, [Boston, MA]

    The limited diffusion of salary information has implications for labor markets, such as wage discrimination policies and collective bargaining. Access to salary information is believed to be limited and unequal, but there is little direct evidence on... mehr

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    The limited diffusion of salary information has implications for labor markets, such as wage discrimination policies and collective bargaining. Access to salary information is believed to be limited and unequal, but there is little direct evidence on the sources of these information frictions. Social scientists have long conjectured that privacy norms around salary (i.e., the salary taboo) play an important role. We provide unique evidence of this phenomenon based on a field experiment with 755 employees at a multibillion-dollar corporation. We provide revealed-preference evidence that many employees are unwilling to reveal their salaries to coworkers and reluctant to ask coworkers about their salaries. These frictions are still present, but smaller in magnitude, when sharing information that is less sensitive (seniority information). We discuss implications for pay transparency policies and the gender wage gap

     

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    Auflage/Ausgabe: This Draft: January 2020
    Schriftenreihe: Working paper / Harvard Business School ; 20, 057
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (circa 68 Seiten)
  21. Do conflict of interests disclosures work?
    evidence from citations in medical journals
    Erschienen: [2022]
    Verlag:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    Financial ties between drug companies and medical researchers are thought to bias results published in medical journals. To enable readers to account for such bias, most medical journals require authors to disclose potential conflicts of interest.... mehr

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    DS 108
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    Financial ties between drug companies and medical researchers are thought to bias results published in medical journals. To enable readers to account for such bias, most medical journals require authors to disclose potential conflicts of interest. For such policies to be effective, conflict disclosure must modify readers' beliefs. We therefore examine whether disclosure of financial ties with industry reduces article citations, indicating a discount. A challenge to estimating this effect is selection as drug companies may seek out higher quality authors as consultants or fund their studies, generating a positive correlation between disclosed conflicts and citations. Our analysis confirms this positive association. Including observable controls for article and author quality attenuates but does not eliminate this relation. To tease out whether other researchers discount articles with conflicts, we perform three tests. First, we show that the positive association is weaker for review articles, which are more susceptible to bias. Second, we examine article recommendations to family physicians by medical experts, who choose from articles that are a priori more homogenous in quality. Here, we find a significantly negative association between disclosure and expert recommendations, consistent with discounting. Third, we conduct an analysis within author and article, exploiting journal policy changes that result in conflict disclosure by an author. We examine the effect of this disclosure on citations to a previously published article by the same author. This analysis reveals a negative citation effect. Overall, we find evidence that disclosures negatively affect citations, consistent with the notion that other researchers discount articles with disclosed conflicts.

     

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    Weitere Identifier:
    hdl: 10419/270843
    Schriftenreihe: CFS working paper series ; no. 702
    Schlagworte: Forschungskooperation; Pharmaindustrie; Wissenschaftler; Medizin; Auskunftspflicht; Wissenschaftliche Publikation; Bibliometrie; Financial interests; Bias in medical research; Research and development; Disclosure regulation; Transparency
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  22. Management quality of professional football clubs
    the football management (FoMa) Q-Score 2022
    Erschienen: [2022]
    Verlag:  HHL Leipzig Graduate School of Management, Leipzig

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    Schriftenreihe: HHL working paper ; no. 199 (August 2022)
    Schlagworte: Balanced Scorecard; Board Quality; Branding; Fan Welfare Maxi-mization; Financial Performance; Internationalization; Leadership & Governance; Social Responsibility; Sporting Success; Team Performance; Transparency
    Umfang: 1 Online-Ressource (circa 90 Seiten)
  23. The role of transparency in fairness and reciprocity issues in manager-employee relationships
    Erschienen: [2023]
    Verlag:  Tilburg University, Tilburg

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    Medientyp: Dissertation
    Format: Online
    ISBN: 9789056687069
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    Schriftenreihe: [Dissertation series] / [Center for Economic Research, Tilburg University] ; [nr. 704 (2023)]
    Schlagworte: Fairness; Transparency; Managers; Employees; Bonus; Conflict of Interest; Dissemination; Obligation
    Umfang: 1 Online-Ressource (circa 145 Seiten), Illustrationen
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    Dissertation, Tilburg University, 2023

  24. Die Philosophie der Oberfläche
    medien- und kulturwissenschaftliche Perspektiven auf Äußerlichkeiten und ihre tiefere Bedeutung
    Autor*in: Rathe, Clemens
    Erschienen: [2020]; © 2020
    Verlag:  transcript, Bielefeld

    Die Oberfläche hat keinen guten Ruf. Wer sich mit ihr beschäftigt, so die Warnung, lasse sich von trügerischem Schein verleiten. Doch ist es überhaupt möglich, sich ihren Erscheinungen zu entziehen, da sich die Welt uns zunächst nicht anders als über... mehr

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    Alice Salomon Hochschule Berlin, Bibliothek
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    Freie Universität Berlin, Universitätsbibliothek
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    Staatliche Museen zu Berlin, Preußischer Kulturbesitz, Kunstbibliothek
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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Universität Potsdam, Universitätsbibliothek
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    Die Oberfläche hat keinen guten Ruf. Wer sich mit ihr beschäftigt, so die Warnung, lasse sich von trügerischem Schein verleiten. Doch ist es überhaupt möglich, sich ihren Erscheinungen zu entziehen, da sich die Welt uns zunächst nicht anders als über ihre Oberflächen präsentiert? Mit seiner medienkulturwissenschaftlichen Analyse der Oberfläche widmet sich Clemens Rathe einem Phänomen, das in den Geisteswissenschaften bislang kaum beachtet wurde. Anhand von Beispielen aus Literatur, Kunst, Mode und Architektur dekonstruiert er die Dichotomie von Oberfläche und Tiefe als kulturgeschichtliches Motiv und lenkt den Blick auf die komplexen wie widersprüchlichen Prozesse diesseits der Oberfläche

     

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  25. Die Philosophie der Oberfläche
    medien- und kulturwissenschaftliche Perspektiven auf Äußerlichkeiten und ihre tiefere Bedeutung
    Autor*in: Rathe, Clemens
    Erschienen: [2020]
    Verlag:  transcript, Bielefeld

    Humboldt-Universität zu Berlin, Universitätsbibliothek, Jacob-und-Wilhelm-Grimm-Zentrum
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    TU Berlin, Universitätsbibliothek
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