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Minimum Wages and their Alternatives: A Critical Assessment
Knabe, Andreas; Schöb, Ronnie - CESifo - 2008
in Germany, on employment, wage inequality, public expenditures, and incomes of poor households: 1) a statutory minimum … subsidies, the government can ensure more favorable employment and income effects. Combining a minimum wage with a wage subsidy …
Persistent link: https://www.econbiz.de/10005094296
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Asymmetric Information Renders Minimum Wages Less Harmful
Schöb, Ronnie; Thum, Marcel - CESifo - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.
Persistent link: https://www.econbiz.de/10005000388
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When will there be Gift Exchange? Addressing the Lab-Field Debate with Laboratory Gift Exchange Experiments
Kessler, Judd - CESifo - 2013
Gift exchange experiments have demonstrated that norms can affect labor market outcomes and provided an explanation for involuntary unemployment. However, conflicting results from laboratory and field experiments have questioned the relevance of gift exchange and helped spark an ongoing debate...
Persistent link: https://www.econbiz.de/10010631769
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Finding the Cost of Control
Kessler, Judd; Leider, Stephen G. - CESifo - 2013
A large and growing literature has demonstrated that explicit incentives, such as enforceable contracts, can lead agents to withhold effort. We investigate when this behavioral result arises. In an extensive laboratory experiment, we find that imposing control through an enforceable contract is...
Persistent link: https://www.econbiz.de/10010636595
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Welfare Policy in the Presence of Unionised Labour and Internationally Mobile Firms
Rocha-Akis, Silvia; Schöb, Ronnie - CESifo - 2010
In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers’ bargaining...
Persistent link: https://www.econbiz.de/10008534009
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Minimum Wage Incidence: The Case for Germany
Knabe, Andreas; Schöb, Ronnie - CESifo - 2008
affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a … employment – depending on the subsidies’ incidence – and income effects. Wage subsidies also allow a more equal income …
Persistent link: https://www.econbiz.de/10005765743
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Outsourcing of Unionized Firms and the Impacts of Labour Market Policy Reforms
Koskela, Erkki; Schöb, Ronnie - CESifo - 2008
the share of the outsourced workforce is not too large, this wage-moderation effect on domestic employment outweighs the … direct substitution effect so that domestic employment increases in unionized firms as outsourcing costs fall. This does not … for employment. However, except for low outsourcingactivities, the impact of these policy measures will become smaller as …
Persistent link: https://www.econbiz.de/10005181655