Monthly Archives: October 2013

The Economics of Migration – in one book

The field of migration economics is becoming more and more important: globalization has led to an integration of labor markets. Ethnic diversity is gaining importance – as both an opportunity and a threat. Many countries will be facing demographic disruptions … Continue reading

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High school counselors effectively help students choose the right college major

Choosing the right field of study at college is a very important, but also a very difficult decision. Many prospective students face a high level of uncertainty as they have little information on employment prospects and the wage structure of … Continue reading

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Relative bonus payment schemes do not increase performance

Many firms run employee-of-the-month or job promotion contests. Stock brokers get additional money if they beat the index. Bonus payment schemes, where bonuses are awarded for outperforming competitors, are widely used nowadays. Yet, a potential problem of these schemes is … Continue reading

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How much unemployment insurance do we need?

The global crisis that erupted in 2008 has put millions of worker out of a job. The US, for instance, experienced an unprecedented increase in unemployment from around 4 percent to more than 10 percent during the Great Recession. Unemployment … Continue reading

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Welfare benefits are no magnet for migrants

EU commissioner Laszlo Andor has been under fire since he claimed last week that welfare tourism is “neither widespread nor systematic.” However, the newly published International Handbook on the Economics of Migration, co-edited by Amelie F. Constant and Klaus F. … Continue reading

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America’s children are the silent victims of the Great Recession

The Great Recession has disrupted the lives of families and their children in an unprecedented way. It has changed everyday life in some ways that can be measured by money, but in others that cannot, and at the extreme it … Continue reading

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Peer effects at work are smaller than often suggested

What happens to a worker’s own productivity if one of her less productive colleagues is replaced by a highly productive new co-worker? Would this have any impact on that worker’s own productivity? And if so, then what is the possible … Continue reading

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