Empirical studies have shown that entrepreneurs earn, on average, less than the market wage for employees with otherwise similar characteristics. We examine whether having previously been self-employed is in itself a negative signal on the job market. In a field experiment where two applications of otherwise equally qualified individuals were sent for the same vacancies, we find that entreprene...

Hyperinflation results from the creation and injection of fiat money into the economy. Using laboratory methods, this paper examines conditions under which fiat money can serve as a medium of exchange in a finite horizon economy while the government is active in the markets for goods. Consistent with the rational expectations hypothesis, issuing new fiat currency does not stabilize a hyperinfla...

The term pure currency means an economy of people whose histories are private and who, therefore, cannot be punished individually in the future for current actions. In many economies of that kind, any trade requires the use of outside money and taxation is not feasible. The conjecture is for economies of that kind in which there are extensive margins that play a role. For such economies, the co...

Software development group effectiveness depends on many factors, and understanding those factors is vital to project success, especially when considering the time and money that is dedicated to said projects. Therefore, this study examines the role of worker tenure and employment heterogeneity on exploration and exploitation work completed within an organization’s software development group. A...

This paper models the tradeo¤ between increased autonomy from self-employment and the generally higher income that traditional employment o¤ers. While the demand for autonomy is a purely psychological construct, the economic tradeo¤s involved in its achievement are eminently amenable to quanti…cation and analytical modeling characteristic of economic analysis. We use this setup to o¤er a multif...

G lobal changes in migration, health, employment, and public policy are having a major impact on the sex industry. As editors of this themed issue on sex work have put together papers to document some of these changes, revisit the epidemiological and social understanding of the role of sex work in relation to sexually transmitted infections, and assess interventions that can reduce the burden o...

Solving economically social exclusion has been a concern among developed countries; it is relatively new in developing countries, including Vietnam. Unless getting better employment, rural laborers cannot get rid of status. The employable chances labor occupies, the higher endogenous income can earn. This paper uses Binary logistic to explore factors affecting informal laborers' suffering Vietnam

To come from the Bank of England to speak to the Society of Business Economists is to be a nominal economist among real economists. Businesses like yours and those who work in them are the real economythe supply sidethe workings of which ultimately determine the paths of real economic variables such as output growth, employment and productivity. The Bank’s paramount monetary policy objective ...

We survey the literature on search-theoretic models of the labor market. We show how this approach addresses many issues, including the following: Why do workers sometimes choose to remain unemployed? What determines the lengths of employment and unemployment spells? How can there simultaneously exist unemployed workers and unfilled vacancies? What determines aggregate unemployment and vacancie...

The paper reports micro-econometric evidence on the factors that influence the ability of the small businesses to create employment. It uses data on self-employment from a British panel survey. In particular it investigates the contributions of financial and entrepreneurial capital to job creation. Housing wealth appears to be significantly associated with small business job creation. It appear...