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The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland

By Andreas Beerli, Jan Ruffner, Michael Siegenthaler, and Giovanni Peri

òòò½Íø Review, March 2021

We study a reform that granted European cross-border workers free access to the Swiss labor market and had a stronger effect on regions close to the border. The greater availability of cross-border workers increased foreign employment substantially. Altho...

Rank Uncertainty in Organizations

By Marina Halac, Elliot Lipnowski, and Daniel Rappoport

òòò½Íø Review, March 2021

A principal incentivizes a team of agents to work by privately offering them bonuses contingent on team success. We study the principal's optimal incentive scheme that implements work as a unique equilibrium. This scheme leverages rank uncertainty to addr...

Job Loss, Credit, and Crime in Colombia

By Gaurav Khanna, Carlos Medina, Anant Nyshadham, Christian Posso, and Jorge Tamayo

òòò½Íø Review: Insights, March 2021

We investigate the effects of job displacement, as a result of mass layoffs, on criminal arrests using a matched employer-employee crime dataset from Medellín, Colombia. Job displacement leads to immediate and persistent earnings losses and higher probab...