Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

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Vassar Scholarship

Do fringe benefits cause layoffs?

Publication Date
1990-October-01
Document Type
working paper
Authors
Jehle, Geoffrey A.
Marc O. Lieberman
Department or Program
Economics Department
Document Type
Working Paper
Abstract

It is commonly believed that firms prefer layoffs to worksharing, in part, because layoffs economize on fringe benefit costs. We find that when labor markets are characterized by optimal implicit contracts, layoffs will never occur in equilibrium, regardless of the...

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Vassar Scholarship

How budget deficits cause trade deficits: The simple analytics

Publication Date
1989-November-01
Document Type
working paper
Authors
Marc O. Lieberman
Department or Program
Economics Department
Document Type
Working Paper
Abstract

The traditional classroom presentation of international macroeconomic issues obscures the link between budget deficits, exchange rates, and the trade deficit. The article offers a simple supply and demand framework to clarify the role of budget deficits in creating trade deficits...

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Vassar Scholarship

Identifying Opportunities and Pathways to Increase Carbon Sequestration through Reforestation on the Vassar Ecological Preserve

Publication Date
2022-May-01
Authors
Skuches, Ethan
Department or Program
Environmental Studies Program
Document Type
Senior Capstone Project
Access Level
Open
Abstract

The goal of this research was to devise methodology and recommendations for forest restoration that concurrently increases potential carbon sequestration. We surveyed permanent forest plots on the Vassar College Ecological Preserve in the summer of 2021 and used diameter at...

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Vassar Scholarship

Optimal implicit contracts and the choice between layoffs and work sharing

Publication Date
1989-October-01
Document Type
working paper
Authors
Marc O. Lieberman
Jehle, Geoffrey A.
Department or Program
Economics Department
Document Type
Working Paper
Abstract

Implicit contract models of labor market equilibrium under work sharing and layoffs are constructed to examine several common explanations for the observed market bias in favor of layoffs. We first establish the optimality of work sharing in the absence of...

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