Berninghaus, Siegfried; Bleich, Sabrina; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
If the future market wage is uncertain, engaging in long{term employment is risky, withthe risk depending on how regulated the labor market is. In our experiment long{term employment can result either from oering long{term contracts or from repeatedlyand mutually opting for rematching....