We investigate the output, employment and productivity effects of profit sharing. A simple theoretical model demonstrates that positive incentive effects of profit sharing imply increased employment and output, but productivity measured as output divided by employment might be much less affected. In the second part of the paper the results of an empirical study are reported. By use of matching ...

Using newly licensed individual-level data from Gallup between 2008 and 2017, this paper provides microeconomic evidence that sentiments about economic activity played an important role in amplifying and propagating the Great Recession. First, exposure to different local shocks influences economic sentiments: a one percentage point rise in county employment and housing price growth is associate...

Innovating in downturns can affect corporate success because it improves a firm’s position relative to competitors during the recovery period. However, increased uncertainty and more binding financial constraints complicate such innovation activity. I find that past experience with innovation during recessions improves a firm’s ability to invest in R&D when a new downturn hits. This result hold...

In this study we investigated age-related and individual differences in habitual (model-free) and goal-directed (model-based) decision-making. Specifically, we were interested in three questions. First, does age affect the balance between model-based and model-free decision mechanisms? Second, are these age-related changes due to age differences in working memory (WM) capacity? Third, can model...

This paper reports a diary study of the use of mobile telephones for rendezvousing amongst younger and older adults in the UK. Various cohortrelated age differences between younger and older students were expected. However, these differences were either not found, or found to be weak. The significant age differences that were found by this study related to the life situations of older adults. S...

In this study, the shape and size differences between 30 samples of Garra rufa and Garra variabilis species captured in Tigris River were investigated by using geometric morphometric methods. According to the results of this study, there is no difference between these two species in terms of size (CS); however, they are quite different from each other in terms of shape and this difference is si...