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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

Labour Taxation and Foreign Direct Investment

Egger, Peter; Radulescu, Doina Maria - CESifo - 2008

This paper analyzes the implications of effective taxation of labor for profits and, hence, the location decision of a multinational enterprise. We set up a stylized partial equilibrium model and, presuming that worker effort is a function of net wages, assume that a higher employee-borne tax...

Persistent link: https://www.econbiz.de/10005094421

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

The Effects of a Bonus Tax on Manager Compensation and Welfare

Radulescu, Doina Maria - CESifo - 2010

This paper analyses the implications of a currently publicly debated issue, namely the introduction of a bonus tax. We shed light on the effects of the bonus tax on compensation components and study its incidence. We use the Principal Agent model within a two-country framework and consider two...

Persistent link: https://www.econbiz.de/10008583717

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

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

Heterogeneous Beliefs and the Demand for D&O Insurance by Listed Companies

Egger, Peter; Radulescu, Doina Maria; Rees, Ray - CESifo - 2014

This paper introduces a new rationale for the existence of “Directors’ and Officers’” (D&O) insurance. We use a model with volatile stock markets where shareholders design compensation schemes that incentivize managers to stimulate short-term increases in stock prices that do not...

Persistent link: https://www.econbiz.de/10010739342

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