Do Wages Really Compensate for Risk Aversion and Skewness Affection? Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of the compensation paid. In particular, because the degree of risk aversion ought to dec...

Economic Aspects of Human Cloning and Reprogenetics This paper analyses the economic issues associated with human cloning and new reproductive technologies. We analyze the incentives for human cloning and its implications for the long run distribution of skills and income. We analyse models of human cloning for different motives, focusing on those which tend to produce new human beings with imp...

Joint Decisions on Household Membership and Human Capital Accumulation of Youths The role of expected earnings and local markets This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work...

Measuring Labor Market Frictions: A Cross-Country Comparison In this paper we define and estimate measures of labor market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require wage data, it is invariant to the way in wh...

The interaction of small molecules with non-covalent assemblies is of wide interest. The use of a magnetically active reporter nucleus allows information to be obtained in the presence of spectral overlap or in cases of high dynamic range. In this paper, we explore the interaction of a larger probe molecule, 6-fluoro-2-naphthoic acid with assemblies of sunset yellow using (19)F chemical shifts ...

From Farmers to Merchants: A Human Capital Interpretation of Jewish Economic History Since the Middle Ages the Jews have been engaged primarily in urban, skilled occupations, such as crafts, trade, finance, and medicine. This distinctive occupational selection occurred between the seventh and the ninth centuries in the Muslim Empire and then it spread to other locations. We argue that this tran...

Your Everyday, Average Academic The data described in this paper come from a unique cross section study collected by the author, using a postal questionnaire, of five Scottish Universities: Aberdeen, Dundee, Glasgow, Heriot-Watt and St. Andrews undertaken in 1995/6. It encompasses detailed information on the personal and working history of 900 academics. The paper aims to provide the reader wit...

This Discussion Paper is issued within the framework of IZA's research area 7KH)XWXUH RI :RUN Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international rese...

How Do Layoff Costs Affect Employment? General equilibrium analyses of layoff costs have had mixed messages on the implications for employment. This paper brings out the economic forces at work and explains the disparate results. Specifically, we show that positive employment effects of layoff costs come through reducing labor reallocation, whereas negative effects come through reducing the pri...