Industrial and Labor Economics

Industrial and Labor Economics PDF Author: Saibal Kar
Publisher: Springer
ISBN: 813222017X
Category : Business & Economics
Languages : en
Pages : 175

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Book Description
This book is an attempt to capture and analyze several idiosyncratic features of industry and labor in the developing world. Available books and graduate-level texts in labor economics largely discuss industrial and labor market situations prevalent in developed countries, where well-defined institutional arrangements and regulations create a very different scope of analysis. The patterns of choice in training and contracts in the labor market more apparent in developing and transition countries are discussed, as are the information-theoretic results. The book also critically examines labor migration, a context in which the developing and transition countries represent large sources in the present global order. A broad base of empirical observations from industries is used to develop analytical conjectures on risk-sharing arrangements between workers and employers, while strong intuitive explanations are combined with relevant mathematical and graphical derivations, ensuring the book’s readability among graduate students pursuing courses in labor economics and industrial economics for developing and transition countries. The book may also serve as a valuable reference guide for all students in advanced human resources courses at management schools. Presenting state-of-the art research findings in all of its chapters, the book discusses numerous institutional peculiarities of the developing world, making the results distinct in view of the general scope of labor economics.

Industrial and Labor Economics

Industrial and Labor Economics PDF Author: Saibal Kar
Publisher: Springer
ISBN: 813222017X
Category : Business & Economics
Languages : en
Pages : 175

Get Book Here

Book Description
This book is an attempt to capture and analyze several idiosyncratic features of industry and labor in the developing world. Available books and graduate-level texts in labor economics largely discuss industrial and labor market situations prevalent in developed countries, where well-defined institutional arrangements and regulations create a very different scope of analysis. The patterns of choice in training and contracts in the labor market more apparent in developing and transition countries are discussed, as are the information-theoretic results. The book also critically examines labor migration, a context in which the developing and transition countries represent large sources in the present global order. A broad base of empirical observations from industries is used to develop analytical conjectures on risk-sharing arrangements between workers and employers, while strong intuitive explanations are combined with relevant mathematical and graphical derivations, ensuring the book’s readability among graduate students pursuing courses in labor economics and industrial economics for developing and transition countries. The book may also serve as a valuable reference guide for all students in advanced human resources courses at management schools. Presenting state-of-the art research findings in all of its chapters, the book discusses numerous institutional peculiarities of the developing world, making the results distinct in view of the general scope of labor economics.

The Economics of Asymmetric Information

The Economics of Asymmetric Information PDF Author: B. Hillier
Publisher: Bloomsbury Publishing
ISBN: 1349254851
Category : Business & Economics
Languages : en
Pages : 199

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Book Description
This book presents recent developments in the economics of asymmetric information. The problems of selection and moral hazard, with hidden actions or hidden information, are introduced by examining how they affect the market for investment finance. The ideas are then used to analyse the market for insurance, signalling and screening models of education, efficiency wages, industrial regulation, public procurement and auctions. Coverage is thorough while avoiding excessive mathematical detail. Diagrams and verbal reasoning make the ideas accessible to intermediate level undergraduate students and beyond.

Asymmetric Information in the Labor Market

Asymmetric Information in the Labor Market PDF Author: Nuria Rodriguez-Planas
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 74

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Book Description


Asymmetric Information in the Labor Market

Asymmetric Information in the Labor Market PDF Author: Eric Swanson
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 51

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Book Description


Asymmetric Information and the Market Structure of the Banking Industry

Asymmetric Information and the Market Structure of the Banking Industry PDF Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 145195154X
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.

Asymmetric information on non-cognitive skills in the Indian labor market: An experiment using an online job portal

Asymmetric information on non-cognitive skills in the Indian labor market: An experiment using an online job portal PDF Author: Yamauchi, Futoshi
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 29

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Book Description
This paper examines the impact of non-cognitive (socio-emotional) skills on job market outcomes using a randomized control trial implemented in an online job portal in India. Job seekers who registered in the portal were asked to take a Big Five type personality test and, for a random sub-sample of the test takers, the results were displayed to potential employers. Outcomes are measured by whether a potential employer shortlists a seeker by opening (unlocking) his/her application and background information. The results show that the treatment group for whom test results were shown generally enjoyed a higher probability of unlock. That is, employers are more interested in those for whom they can see personality test results. Such a relationship was not seen in the pre-test period, which confirms that the above results are unlikely to be spurious. We also found a significant impact among organized, calm, imaginative and/or quiet applicants (no effect was detected among easy-going, sensitive, realistic and/or out-going applicants), which seems to display employers’ preferences.

Asymmetric Information in Financial Markets

Asymmetric Information in Financial Markets PDF Author: Ricardo N. Bebczuk
Publisher: Cambridge University Press
ISBN: 9780521797320
Category : Business & Economics
Languages : en
Pages : 176

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Book Description
Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.

Education and Asymmetric Information in the Labor Market

Education and Asymmetric Information in the Labor Market PDF Author: Christian Holzner
Publisher:
ISBN:
Category :
Languages : en
Pages : 72

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Book Description


Estimating Asymmetric Information Equilibrium Labor Market Models from Aggregate Time Series Data

Estimating Asymmetric Information Equilibrium Labor Market Models from Aggregate Time Series Data PDF Author: Kenneth Shang-Kai Lin
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 118

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Book Description


Adverse Selection, Asymmetric Information and Discrimination in a Labor Market

Adverse Selection, Asymmetric Information and Discrimination in a Labor Market PDF Author: Paulo R. A. Loureiro
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The main objective of this study is the application of an adverse selection model to verify the existence of discrimination in a competitive labor market caused by asymmetric information. The most important result obtained is when a group of workers with different productivities earn the same wage characterizing discrimination.