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Full-Text Articles in Labor Economics
The Selection And Causal Effects Of Work Incentives On Labor Productivity: Evidence From A Two Stage Randomized Controlled Trial In Malawi, Hyuncheol Bryant Kim, Seonghoon Kim, Thomas T. Kim
The Selection And Causal Effects Of Work Incentives On Labor Productivity: Evidence From A Two Stage Randomized Controlled Trial In Malawi, Hyuncheol Bryant Kim, Seonghoon Kim, Thomas T. Kim
Research Collection School Of Economics
Incentives are essential to promote labor productivity. We implemented a two-stage field experiment to measure effects of career and wage incentives on productivity through self-selection and causal effect channels. First, workers were hired with either career or wage incentives. After employment, a random half of workers with career incentives received wage incentives and a random half of workers with wage incentives received career incentives. We find that career incentives attract higher-performing workers than wage incentives but do not increase productivity for existing workers. Instead, wage incentives increase productivity for existing workers. Observable characteristics are limited in explaining the selection effect.
Worker Selection, Hiring, And Vacancies, Ismail Baydur
Worker Selection, Hiring, And Vacancies, Ismail Baydur
Research Collection School Of Economics
The ratio of hirings to vacancies in the U.S. has the following establishment level properties: (i) it steeply rises with employment growth rate; (ii) falls with establishment size; and (iii) rises with worker turnover rate. The standard Diamond-Mortensen Pissarides (DMP) matching model is not compatible with these observations. This paper augments selection of workers prior to hiring into a random matching model with multi-worker firms. In the calibrated model, worker selection accounts for about 30% of the variation in the hiring-vacancy ratio observed in the data. Compared to the standard model, the worker selection model has both qualitative and quantitative …
Retirement Adequacy Of Mature Workers In Singapore, Rhema Vaithianathan, Stephen Hoskins
Retirement Adequacy Of Mature Workers In Singapore, Rhema Vaithianathan, Stephen Hoskins
Research Collection School Of Economics
In the last decade, the Singapore resident population has grown older with more elderly and fewer younger people. As Singapore Department of Statistics noted, the proportion of residents aged 65 years and over has increased from 9% to 13% over the past ten years. There are now fewer working-age adults to support each resident aged 65 years and over as indicated by the falling resident old-age support ratio from 7.7 in 2007 to 5.1 in 2017. The support ratio is expected to halve to 2.5 by 2030. As Singaporeans are both living and working longer, it is vital for the …