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  1. Career concerns and incentive compatible task design
    Author: Aoyagi, Masaki; Menuet, Maxime
    Published: February 2024
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    This paper studies the optimal disclosure of information about an agent's talent when it consists of two components. The agent observes the first component of his talent as his private type, and reports it to a principal to perform a task which... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 198
    Inter-library loan:
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    This paper studies the optimal disclosure of information about an agent's talent when it consists of two components. The agent observes the first component of his talent as his private type, and reports it to a principal to perform a task which reveals the second component of his talent. Based on the report and performance, the principal discloses information to a firm who pays the agent the wage equal to his expected talent. We study incentive compatible disclosure rules that minimize the mismatch between the agent's true talent and his wage. The optimal rule entails full disclosure when the agent's talent is a supermodular function of the two com- ponents, but entails partial pooling when it is submodular. Under a mild degree of submodularity, we show that the optimal disclosure rule is obtained as a solution to a linear programming problem, and identify the number of messages required under the optimal rule. We relate it to the agent's incentive compatibility conditions, and show that each pooling message has binary support.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/302227
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1232
    Subjects: talent; mechanism; revelation; pooling; performance
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Expelling excellence
    exchange visitor restrictions on high-skill migrants in the United States
    Author: Clemens, Michael A.; Neufeld, Jeremy; Nice, Amy M.
    Published: September 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We examine a little-known restriction on high-skill immigration to the United States, the Exchange Visitor Skills List. This List mandates that to become eligible for long-term status in the U.S., certain high-skill visitors must reside in their home... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 443
    Inter-library loan:
    No inter-library loan

     

    We examine a little-known restriction on high-skill immigration to the United States, the Exchange Visitor Skills List. This List mandates that to become eligible for long-term status in the U.S., certain high-skill visitors must reside in their home countries for two years after participation in the Exchange Visitor Program on a J-1 visa. While well-intended to prevent draining developing nations of needed skills, today the Skills List in practice is outdated and misdirected. It is outdated because it fails to reflect modern economic research on the complex effects of skilled migration on overseas development. It is misdirected because, as we show, the stringency of the List bears an erratic and even counterproductive relationship to the development level of the targeted countries. The List is also opaque: there have been no public estimates of exactly how many high-skill visitors are subject to the list. We provide the first such estimates. Over the last decade, an average of between 35,000 and 44,000 high-skill visitors per year have been covered by the home residency requirement via the Skills List. Despite the stated purpose of the List, these restrictions fall more heavily on relatively advanced economies than on the poorest countries. We describe how a proposed revision to the List can address all three of these concerns, balancing the national interest with evidence-based support for overseas development.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/302872
    Series: IZA policy paper ; no. 214
    Subjects: skill; human capital; talent; restrictions; barriers; visa; policy; brain drain; brain gain; development; migration; immigration; innovation; research; science
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen