Browsing School of Economics by Subject "J20"

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Choosing to become a 'lost cause' : the perverse effects of benefit preconditions

Farrell, Lisa ; Frijters, Paul (University of Melbourne. Department of Economics, 2003-11)

This paper argues that preconditions for welfare benefit entitlements based on labour market prospects can be counterproductive when they create an incentive for individuals to abstain from any investment earlier in ...
Risk preference and employment contract type

Brown, Sarah ; Farrell, Lisa ; Harris, Mark N. ; Sessions, John G. (University of Melbourne. Department of Economics, 2002-04)

We consider three broad types of employment contract vis, self-employment, PRP, and fixed wage employment. We focus on the implied degree of income risk associated with each type of employment contract, arguing that such ...