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No. Author(s) Title JEL Class.
5037 M. Hashem Pesaran
Predictability of Asset Returns and the Efficient Market Hypothesis
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different ...
(published in: Aman Ullah and David E. Giles (eds.), Handbook of Empirical Economics and Finance, Taylor & Francis. 2010)
G12, G14
5036 Clive Bell
Hans Gersbach
Maik T. Schneider
Raising Juveniles
This paper investigates how families make decisions about the education of juveniles. The decision problem is analyzed in three variations: a 'decentralized' scheme, in which the parents control the ...
(published in: Games and Economic Behavior, 2012, 74 (1), 32-51)
D13, J13, J22, J24
5035 Werner Eichhorst
Paul Marx
Whatever Works: Dualisation and the Service Economy in Bismarckian Welfare States
The paper compares employment structures in five Continental welfare states. These countries feature broad similarities in their reliance on a more dualised model of labour market flexibility, ...
(published in: P.Emmenegger et al. (eds.): The Age of Dualization, Oxford: 2012, 73-99)
J38, J41, J21, J58
5034 Gary Charness
David Masclet
Marie Claire Villeval
Competitive Preferences and Status as an Incentive: Experimental Evidence
In this paper, we investigate individuals' investment in status in an environment where no monetary return can possibly be derived from reaching a better relative position. We use a real-effort ...
(revised version published as 'The dark side of competition for status' in: Management Science, 2014, 60 (1), 38–55)
C91, C92, M54, D63, J28, J31
5032 Sara de la Rica
Juan J. Dolado
Raquel Vegas
Performance Pay and the Gender Wage Gap: Evidence from Spain
This paper uses detailed information from a large wage survey in 2006 to analyze the gender wage gap in the performance-pay (PP) component of total hourly wages and its contribution to the overall ...
(revised version published as 'Gender Gaps in Performance Pay: New Evidence from Spain' in: Annals of Economics and Statistics, 2015, 117-118, 41-59)
J31, J33, J42, J71
5031 Kalena E. Cortes
Jesse Bricker
Chris Rohlfs
The Role of Specific Subjects in Education Production Functions: Evidence from Morning Classes in Chicago Public High Schools
Absences in Chicago Public High Schools are 3-7 days per year higher in first period than at other times of the day. This study exploits this empirical regularity and the essentially random variation ...
(published in: B.E. Journal of Economic Analysis and Policy (Contributions), 2012, 12(1): 1935-1682)
I20, I21, J13
5029 Guglielmo Maria Caporale
Christophe Rault
Robert Sova
Anamaria Sova
Environmental Regulation and Competitiveness: Evidence from Romania
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase ...
(published in: Ecological Economics, 2012, 81, 130-139)
F14, Q28
5028 Jose C. Galdo
The Long-Run Labor-Market Consequences of Civil War: Evidence from the Shining Path in Peru
This study exploits district-level variation in the timing and intensity of civil war violence to investigate whether early-life exposure to civil wars affects labor-market outcomes later in life. In ...
(published in: Economic Development and Cultural Change, 2013, 61 (4), 789-823)
I12, J13, O12, O15
5027 Florian Englmaier
Gerd Muehlheusser
Andreas Roider
Optimal Incentive Contracts under Moral Hazard When the Agent Is Free to Leave
We characterize optimal incentive contracts in a moral hazard framework extended in two directions. First, after effort provision, the agent is free to leave and pursue some ex-post outside option. ...
(revised version published as 'Optimal Incentive Contracts for Knowledge Workers' in: European Economic Review, 2014, 67, 82-106)
D86, D82, K31, M52
5026 Kalena E. Cortes
Andrew I. Friedson
Ranking Up by Moving Out: The Effect of the Texas Top 10% Plan on Property Values
Texas engaged in a large-scale policy experiment when it instituted the Top 10% Plan. This policy guarantees automatic admission to their state university of choice for all high school seniors who ...
(published in: National Tax Journal, 2014, 67 (1), 51-76)
H31, H41, H73, I20
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