Physicians are key personnel in a sector which is important due to its size as well as the quality of service it provides. We estimate the labor supply of physicians employed at hospitals in Norway, using personnel register data merged with other public records. A dynamic labor supply equation is estimated using a sample of 1303 male physicians observed over the period 1993-1997. The methods of...

We analyze optimal dynamic taxation when labor supply is indivisible, as in Hansen (1985) and Rogerson (1988). Markets are complete, and an employment lottery determines who works. The consumer can buy insurance to diversify this extrinsic income uncertainty. The optimal wage tax is zero in both the short and long run only when leisure is neutral. If leisure is normal (inferior), labor should b...

This paper examines the pattern of convergence in labour productivity across regions due to their ability to adopt technology. Whether regions exhibit a pattern of convergence depends on the degree to which infrastructure conditions are appropriate for the adoption of technological improvements. The ability of a region to adopt or create technology is reflected in the percentage of its labour f...

Introduction: The progress of active labor by transvaginal examination is a subjective evaluation of the obstetrician with many limitations. The current trend in obstetrics is to avoid vaginal deliveries. There are many scientific proposals to monitor the progress of the active labor using ultrasound in laboring patients. Aim: To clinically assess the active labor and compare with ultrasound to...

My research employs theoretical modeling and quantitative analysis to study the interaction between market frictions and risks in the areas of Banking and Asset Pricing. Specifically, I examine how frictions in contracting and search affect systemic risk and asset prices. Sparked by the recent crisis, linkages among financial firms are identified as a major source of systemic risk. In chapter o...