1,721,045 research outputs found
Essays in Empirical Labor Economics
No full text148 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2000.The third essay (coauthored by Kevin F. Hallock) investigates the relationship between job loss announcements and top-management changes in U.S. firms using detailed data on each published job loss announcement in a broad set of large firms from 1970 to 1995. We begin by confirming the results of previous authors concerning the relationship between relative firm performance and management turnover. Next we consider the effect of job loss announcements on CEO turnover and find a surprising yet robust result; job loss announcements two years in the past are strongly related to top-management changes. We go on to investigate whether this relationship has changed over time, as well as several possible explanations for this finding, including a change in the mix of reasons for job loss announcements and changes in management entrenchment.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD
Essays in Empirical Labor Economics
No full textThe third essay (coauthored by Kevin F. Hallock) investigates the relationship between job loss announcements and top-management changes in U.S. firms using detailed data on each published job loss announcement in a broad set of large firms from 1970 to 1995. We begin by confirming the results of previous authors concerning the relationship between relative firm performance and management turnover. Next we consider the effect of job loss announcements on CEO turnover and find a surprising yet robust result; job loss announcements two years in the past are strongly related to top-management changes. We go on to investigate whether this relationship has changed over time, as well as several possible explanations for this finding, including a change in the mix of reasons for job loss announcements and changes in management entrenchment.Made available in DSpace on 2015-09-25T22:47:52Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
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Previous issue date: 2000Embargo set by: Seth Robbins for item 86949
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Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only148 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2000
Four Essays on Managerial Incentives
No full text167 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2003.In chapter 4, we consider the unexpected share price reaction to corporate news announcements. We first consider whether there is more information content in similar corporate news announcements for different types of firms. Second, we investigate whether the value of news information about these firms has declined over time using a variety of empirical methods. We use 31 years of data on corporate dividend announcements, stock split announcements, and earnings announcements for a large set of U.S. firms to investigate these topics. The investigation of the entire distributions of returns using kernel density estimators rejects the "news is no longer newsworthy" idea.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD
Essays on Empirical Labor Economics
No full textThree studies on labor economics are the subject of this work. The first one investigates the effect of firm size on wages using quantile regression. Empirical evidence shows that larger firms pay higher wages than smaller ones. This wage premium is called the firm size wage effect. In this study, I use the quantile regression approach to investigate the firm size effect and try to sort out possible meaning for the effect. Using this alternative methodology, the firm size wage premium continues to exist, however, the conditional quantile analysis shows that the reward is larger for the lower quantiles and gradually decreases for the upper ones. The second explores the marital status income differential for women. The empirical literature shows that, while the marriage premium is significant in different studies for men, the results for women are inconclusive. The main innovation is the use of controls for sample selection. We have two sources of selectivity: into the labor force and into a marital status' category. To correct that, this study uses the switching regressions model, and Oaxaca/Kuhn decomposition. Correcting for both types of selection, the difference in wages varies between 48% and 61% when married women are compared with those cohabiting. In addition, the marriage penalty can oscillate between 26% and 34% when the comparison is made between married and single females. The final paper presents an investigation about compliance with child support orders. In this study, I analyze the child support compliance gap---the difference between expected child support payments and received child support payments. I use the 1990--1993 SIPP on child support agreements. I explore the factors that determine the existence and the magnitude of a gap in payments using a probit model and regression analysis. Finally, I use multinomial logit analysis to determine the factors that induce three distinct types of agreements. My results suggest that both the existence of and magnitude of the child support gap are positively influenced by non-voluntary agreements received indirectly by the custodial parent. Family income also has the influence of increasing the odds of a gap and its size.Made available in DSpace on 2015-09-25T22:47:14Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
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Previous issue date: 2002Embargo set by: Seth Robbins for item 86801
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Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only137 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002
Three Essays on *Education and Human Capital
No full text114 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2005.The third chapter examines whether the return to schooling varies depending on the degree of relevance of one's field of education to their occupation. Using information on fields of education and occupations of over 6,000 individuals, I find that people who matched their field of education to an occupation realize higher than average returns to schooling. Interestingly, I find that more schooling is associated with higher earnings even among people whose education is completely irrelevant to their occupation. This finding can be interpreted as evidence of unobserved ability differences among people with different amounts of schooling.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD
Income Inequality and Wage Differentials: A Quantile Regression Approach
No full text144 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001.The third chapter provides a descriptive analysis of the gender wage gap using quantile regression. Many studies have examined the gender wage gap in the United States but this is the first to provide systematic analysis of the gender wage gap using quantile regression over time. Using data from both the March Current Population Survey (CPS) and the Outgoing Rotation Group files of the CPS, I find a narrowing of the gender wage gap over time. Furthermore there is a great deal of heterogeneity across quantiles of the conditional wage distribution of wages by gender. Although the gender pay gap has declined dramatically in recent decades, not all women gained form this change equally.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD
Three Essays on *Education and Human Capital
No full textThe third chapter examines whether the return to schooling varies depending on the degree of relevance of one's field of education to their occupation. Using information on fields of education and occupations of over 6,000 individuals, I find that people who matched their field of education to an occupation realize higher than average returns to schooling. Interestingly, I find that more schooling is associated with higher earnings even among people whose education is completely irrelevant to their occupation. This finding can be interpreted as evidence of unobserved ability differences among people with different amounts of schooling.Made available in DSpace on 2015-09-25T22:47:25Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
3202188.pdf: 2530867 bytes, checksum: c2815e4d29f2e1cce875c83ea110339b (MD5)
Previous issue date: 2005Embargo set by: Seth Robbins for item 86845
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Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only114 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2005
Three Essays Exploring Heterogeneity Using Quantile Regression
No full textThis study examines heterogeneity using quantile regression in several different areas in labor economics. Quantile regression calculates different estimates of the relationship between two variables at different points on the conditional distribution and, therefore, allows heterogeneity in these relationships to be explored. The first part of this study explores the relationship between CEO pay and firm performance relationships. I find that significant heterogeneity exists in pay for performance sensitivities with high conditional wage CEOs tied more closely to firm performance than low conditional wage CEOs. The second and third parts of this study explore heterogeneity in pay differences between blacks and whites and between males and females respectively. Using quantile regression, I show that pay differences between both blacks and whites, and between males and females exhibit significant heterogeneity. Since sample selection is likely to be a problem in estimation of wage differences due to large differences in labor force participation rates between the groups studied, I develop a technique to control for this type of selectivity bias in the quantile regression setting. After controlling for sample selection bias, I find that throughout the 1980s both males and females, and blacks and whites show significant heterogeneity in pay differences, with these pay differences becoming more homogeneous over time.Made available in DSpace on 2015-09-25T22:47:22Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
3160943.pdf: 7789700 bytes, checksum: 6ac591c71acff04e4c91f00864ebe88a (MD5)
Previous issue date: 2004Embargo set by: Seth Robbins for item 86834
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Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only161 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2004
Income Inequality and Wage Differentials: A Quantile Regression Approach
No full textThe third chapter provides a descriptive analysis of the gender wage gap using quantile regression. Many studies have examined the gender wage gap in the United States but this is the first to provide systematic analysis of the gender wage gap using quantile regression over time. Using data from both the March Current Population Survey (CPS) and the Outgoing Rotation Group files of the CPS, I find a narrowing of the gender wage gap over time. Furthermore there is a great deal of heterogeneity across quantiles of the conditional wage distribution of wages by gender. Although the gender pay gap has declined dramatically in recent decades, not all women gained form this change equally.Made available in DSpace on 2015-09-25T22:47:10Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
3023066.pdf: 7369362 bytes, checksum: 1758aee6cd5dd2d563a405f0416cf047 (MD5)
Previous issue date: 2001Embargo set by: Seth Robbins for item 86789
Lift date: Forever
Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only144 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001
Four Essays on Managerial Incentives
No full text"In chapter 4, we consider the unexpected share price reaction to corporate news announcements. We first consider whether there is more information content in similar corporate news announcements for different types of firms. Second, we investigate whether the value of news information about these firms has declined over time using a variety of empirical methods. We use 31 years of data on corporate dividend announcements, stock split announcements, and earnings announcements for a large set of U.S. firms to investigate these topics. The investigation of the entire distributions of returns using kernel density estimators rejects the ""news is no longer newsworthy"" idea."Made available in DSpace on 2015-09-25T22:47:18Z (GMT). No. of bitstreams: 2
license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5)
3101917.pdf: 8074103 bytes, checksum: b01e3175d6e825e0bf458773a19ea379 (MD5)
Previous issue date: 2003Embargo set by: Seth Robbins for item 86819
Lift date: Forever
Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDsRestricted to the U of I community idenfinitely during batch ingest of legacy ETDsU of I Only167 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2003
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