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

Landscape Consequences of Pennsylvanian Natural Gas Development: Fragmentation effects of unconventional gas development upon the future of Pennsylvania's old growth forests.

Publication Date
2013-January-01
Document Type
Senior Capstone Projects
Authors
Jeremiah Bernau
Department or Program
Earth Science and Geography Department
Document Type
Senior Capstone Project
Abstract

Pennsylvania's forests share a long and deep history that has been affected throughout the years by a number of external factors. The most recent threat to forest health is the development of unconventional shale gas production from the Marcellus Shale...

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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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