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  1. Location decisions in a changing labour market environment
    Autor*in: Frank, Björn
    Erschienen: 2003
    Verlag:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  2. Intuit QuickBooks Small Business Index: A New Employment Series for the US, Canada, and the UK
    Autor*in: Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit; Miranda, Javier; Ocakverdi, Eren; Serrano-Velarde, Nicolas
    Erschienen: 2023
    Verlag:  Leibniz-Institut für Wirtschaftsforschung Halle - IWH, Halle (Saale)

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  3. Location decisions in a changing labour market environment
    Autor*in: Frank, Björn
    Erschienen: 2003
    Verlag:  DIW, Berlin

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  4. Returns to labor mobility
    layoff costs and quit turbulence
    Autor*in: Baley, Isaac; Ljungqvist, Lars; Sargent, Thomas J.
    Erschienen: July 2021
    Verlag:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

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    Schriftenreihe: Economics working paper series ; no. 1798
    Schlagworte: labor mobility; quits; turnover; layoff cost; turbulence; unemployment; human capital; skills; matching model; search-island model
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  5. How clientelism undermines state capacity
    evidence from Mexican municipalities
    Autor*in: De La O, Ana L.
    Erschienen: November 2021
    Verlag:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    Does clientelism perpetuate the weak state capacity that characterizes many young democracies? Prior work explains that clientelist parties skew public spending to private goods and under-supply public goods. Building on these insights, this article... mehr

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    Does clientelism perpetuate the weak state capacity that characterizes many young democracies? Prior work explains that clientelist parties skew public spending to private goods and under-supply public goods. Building on these insights, this article argues that clientelism creates a bureaucratic trap. Governments that rely on clientelism invest in labour-intensive, low-skilled bureaucracies that can design and implement relatively more straightforward distributive policies. Although such bureaucracies are useful to win some elections, they cannot resolve more complex social problems, so economic and human development is hindered. Empirically, the article examines the wage structure of municipal bureaucracies as a proxy for the personnel's human capital in Mexico between 2012 and 2016. During this period, turnover in the party in power in municipalities was frequent, a situation that also allows investigating how resilient the bureaucratic trap is to increased competition. The results show that all parties invest in labour-intensive, lowskilled bureaucracies. However, the bureaucratic trap has a different grip on the Institutional Revolutionary Party (PRI), a quintessential clientelist party, compared to other parties. After an electoral turnover, other parties invest more in their bureaucracies' human capital, and the PRI does not. While prior work has proposed other clientelism-induced negative equilibria, this article offers a more direct path from clientelism to state capacity. The results help explain why more fiscal resources, political competition, and demand-side strategies to fight vote buying are insufficient and underscore the importance of civil service reform to tame clientelism.

     
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    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789292671099
    Weitere Identifier:
    hdl: 10419/248383
    Schriftenreihe: WIDER working paper ; 2021, 169
    Schlagworte: clientelism; state capacity; bureaucratic capacity; turnover; political competition
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  6. Job flows and reallocation during the recovery
    Autor*in: Basso, Gaetano; Depalo, Domenico; Lattanzio, Salvatore
    Erschienen: [2022]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 704 (July 2022)
    Schlagworte: employment; job mobility; turnover; Covid-19 pandemic
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  7. Intuit QuickBooks Small Business Index
    a new employment series for the US, Canada, and the UK
    Autor*in: Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit Mümin; Miranda, Javier; Ocakverdi, Eren; Serrano-Velarde, Nicolas
    Erschienen: May 2023
    Verlag:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more... mehr

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    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions. This suggests the need for frequent and real-time monitoring of the small business sector’s health. Previously this was difficult due to a lack of appropriate data. This paper fills this important gap by developing a new Intuit QuickBooks Small Business Index that focuses on the smallest of small businesses with at most 9 workers in the US and the UK and at most 19 workers in Canada. The Index aggregates a sample of anonymous QuickBooks Online Payroll subscriber data (QBO Payroll sample) from 333,000 businesses in the US, 66,000 in Canada, and 25,000 in the UK. After comparing the QBO Payroll sample data to the official statistics, we remove the seasonal components and use a Flexible Least Squares method to calibrate the QBO Payroll sample data against official statistics. Finally, we use the estimated model and the QBO Payroll sample data to generate a near real-time index of economic activity. We show that the estimated model performs well both in-sample and out-of-sample. Additionally, we use this analysis for different regions and industries.

     
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    Sprache: Englisch
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    Weitere Identifier:
    hdl: 10419/270977
    Schriftenreihe: IWH discussion papers ; 2023, no. 9 (May 2023)
    Schlagworte: Kleinstunternehmen; KMU; Erwerbstätigkeit; Entrepreneurship; Index; Indexberechnung; Unternehmensstatistik; Großbritannien; Kanada; USA; employment; entrepreneurship; index; job creation; small businesses; turnover
    Umfang: 1 Online-Ressource (III, 59 Seiten, 2,45 MB), Diagramme
  8. Can the variance after-effect distort stock returns?
    Autor*in: Berrada, Tony
    Erschienen: 2021
    Verlag:  Swiss Finance Institute, Geneva

    Variance after-effect is a perceptual bias in the dynamic assessment of variance. Experimental evidence shows that perceived variance is decreased after prolonged exposure to high variance and increased after exposure to low variance. We introduce... mehr

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Variance after-effect is a perceptual bias in the dynamic assessment of variance. Experimental evidence shows that perceived variance is decreased after prolonged exposure to high variance and increased after exposure to low variance. We introduce this effect in an otherwise standard financial model where information about variance is incomplete and updated sequentially. We introduce a variance after- effect adjustment factor in a bayesian learning model and derive the associated predictive variance. We show theoretically how this adjustment factor affects both average and volatility of excess returns. We construct a proxy of the adjustment factor using the sequence of dispersion of analysts earnings forecast. We provide empirical evidence using US stock data over the sample 1982 - 2019, that fluctuations in this measure are significantly and positively related to excess volatility as predicted by the model. Further confirming the model's implications, we also show how stock returns are positively impacted by the adjustment factor and construct long short strategies that generate significant positive alpha with respect to the Fama-French 5 factor model

     
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    Schriftenreihe: Research paper series / Swiss Finance Institute ; no 21, 16
    Schlagworte: Variance after-e ect; learning; turnover; volatility; earnings forecasts
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  9. A costly commitment
    populism, government performance, and the quality of bureaucracy
    Autor*in: Bellodi, Luca; Morelli, Massimo; Vannoni, Matia
    Erschienen: December 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study the consequences of populism for government performance and the quality of bureaucracy. When voters lose trust in representative democracy, populists strategically supply unconditional policy commitments that are easier to monitor for... mehr

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    We study the consequences of populism for government performance and the quality of bureaucracy. When voters lose trust in representative democracy, populists strategically supply unconditional policy commitments that are easier to monitor for voters. When in power, populists implement their policy commitments regardless of financial constraints and expert assessment of the feasibility of their policies, worsening government performance and dismantling resistance from expert bureaucrats. We use novel data on about 8,000 municipalities in Italy, over a period of 20 years, and we estimate the effect of electing a populist mayor with a close-election regression discontinuity design. We find that the election of a populist mayor leads to more debts, a larger share of procurement contracts with cost overruns, higher turnover among top bureaucrats, and a sharp decrease in the percentage of graduate bureaucrats. These results contribute to the literature on populism, government performance, and bureaucratic appointments.

     
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    hdl: 10419/249015
    Schriftenreihe: CESifo working paper ; no. 9470 (2021)
    Schlagworte: populism; government performance; bureaucracy; turnover
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  10. Returns to labor mobility
    layoff costs and quit turbulence
    Autor*in: Baley, Isaac; Ljungqvist, Lars; Sargent, Thomas J.
    Erschienen: [2021]
    Verlag:  BSE, Barcelona School of Economics, [Barcelona]

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    Schriftenreihe: BSE working paper ; 1288 (September 2021)
    Schlagworte: labor mobility; quits; turnover; layoff cost; turbulence; unemployment; human capital; skills; matching model; search-island model
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  11. Is the U.S. labor market for truck drivers broken?
    Autor*in: Burks, Stephen V.; Monaco, Kristen A.
    Erschienen: 2018
    Verlag:  U.S. Department of Labor, U.S. Bureau of Labor Statistics, Office of Compensation and Working Conditions, [Washington, DC]

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    Schriftenreihe: BLS working papers ; 504 (September 2018)
    Schlagworte: occupational mobility; industrial mobility; trucking; truckload; motor freight; turnover; truck driver; driver shortage; secondary labor market segment
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  12. Educational job mismatch, job satisfaction, on-the-job training, and employee quit behavior
    a dynamic analytical approach
    Autor*in: Wen, Le; Maani, Sholeh A.; Dong, Zhi
    Erschienen: January 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper extends the literature on the consequences of over-education, in particular quit outcomes. It is the first study that explicitly tests the impact of job satisfaction and on-the-job training for workers in educational mismatched jobs and on... mehr

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    This paper extends the literature on the consequences of over-education, in particular quit outcomes. It is the first study that explicitly tests the impact of job satisfaction and on-the-job training for workers in educational mismatched jobs and on quit behavior using a longitudinal data set. Accounting for unobserved heterogeneity and endogeneity, the dynamic analytical framework examines labor market outcomes for job-mismatched workers. We find that over-education alone, or accompanied by skill under-utilization in combination with lower job satisfaction, increases the incidences of job quitting. Opportunities for training facilitate the retention of initially job-mismatched workers. These results have implications for interpreting mismatch data, retention, and resource allocation.

     
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    hdl: 10419/272496
    Schriftenreihe: Discussion paper series / IZA ; no. 15869
    Schlagworte: over-education; over-skilling; job satisfaction; on-the-job training; turnover
    Umfang: 1 Online-Ressource (circa 36 Seiten)
  13. The life of Australian banknotes
    Autor*in: Rush, Alexandra
    Erschienen: August 2015
    Verlag:  Reserve Bank of Australia, [Sydney]

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    Schriftenreihe: Research discussion paper / Reserve Bank of Australia ; RDP 2015, 10
    Schlagworte: banknotes; banknote life; currency; turnover; survival analysis; nonlinear regression
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  14. Labor market dynamics and geographical reallocations
    Autor*in: Basso, Gaetano; Bello, Salvatore Lo; Subioli, Francesca
    Erschienen: [2023]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1430 (November 2023)
    Schlagworte: labor demand; turnover; layoff; geographic labor mobility
    Umfang: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  15. The option to quit
    the effect of employee stock options on turnover
    Autor*in: Aldatmaz, Serdar; Ouimet, Paige; Van Wesep, Edward D.
    Erschienen: 2014
    Verlag:  US Census Bureau, Center for Economic Studies, Washington, DC

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    Format: Online
    Schriftenreihe: Discussion papers / US Census Bureau, Center for Economic Studies ; 2014,06
    Schlagworte: Employee stock options; turnover
    Umfang: Online-Ressource (41 S.), graph. Darst.
  16. The effects of international migration on native workers’ unionisation in Austria
    Autor*in: Antón Pérez, José Ignacio; Böheim, René; Winter-Ebmer, Rudolf
    Erschienen: 2016
    Verlag:  Centre for Research and Analysis of Migration, London

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    Sprache: Englisch
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    Format: Online
    Schriftenreihe: CReAM discussion paper series ; CPD 30, 16
    Schlagworte: migration; unions; turnover; hiring
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen