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The Behavioral Life-Cycle Theory Of Consumer Behavior: Survey Evidence

Graham, Fred; Isaac, Alan G. - EconWPA - 2000

We find that survey evidence on faculty pay-cycle choice strongly contradicts the neoclassical theory of consumer behavior. It is more favorable to the behavioral life-cycle theory of Shefrin and Thaler (1988).

Persistent link: https://www.econbiz.de/10005134966

Wage Rigidity in a Competitive Incomplete Contract Market

Fehr, Ernst; Falk, Armin - EconWPA - 2003

Do employers and workers underbid prevailing wages if there is unemployment? Do employers take advantage of workers’ underbidding by lowering wages? We hypothesize that under conditions of incomplete labor contracts wage levels may positively affect workers’ propensity to cooperate. This, in...

Persistent link: https://www.econbiz.de/10005076549

Fair pay and a Wagebill Argument for Wage Rigidity and Excessive Employment Variability

Thomas, Jonathan P. - EconWPA - 2000

This paper considers a two-period optimal contracting model in which firms make new hires in the second period subject to the constraint that they cannot pay discriminate either against or in favour of the new hires. Under an assumption on the information available to workers, it is shown that...

Persistent link: https://www.econbiz.de/10005556751

Dismissals and Match-Specific Rents

Black, Dan A.; Loewenstein, Mark A. - EconWPA - 1996

Labor contracts that result in dismissals are quite common in the real world. The question that arises is why employers do not just offer reduced wages instead of asking workers with low realized productivity to leave. This paper argues that such behavior can be explained by workers'...

Persistent link: https://www.econbiz.de/10005556777

Fair pay and a Wagebill Argument for Wage Rigidity and Excessive Employment Variability

Thomas, Jonathan P. - EconWPA - 2001

This paper considers a two-period optimal contracting model in which firms make new hires in the second period subject to the constraint that they cannot pay discriminate either against or in favor of the new hires. Under an assumption on the information available to workers, it is shown that...

Persistent link: https://www.econbiz.de/10005125820

Wages and Reciprocity in the Workplace

Barr, Abigail; Serneels, Pieter - EconWPA - 2004

We explore the role of reciprocity in wage determination by combining experimental and survey data. The experiment is … reciprocity and individual wages. However, the direction of causality is unclear. Various aspects of the distribution of the … reciprocity have a positive effect on wages, while the spread in the distribution (standard deviation) has a strong significant …

Persistent link: https://www.econbiz.de/10005118755

Unequal Exchange: Developing Countries in the International Trade Negotiations

Nogues, Julio J. - EconWPA - 2005

The outcome of the Uruguay Round show that the concessions given by developing countries were more valuable than those they received from industrial countries. I suggest that this outcome is explained by the aggresive demands from industrial countries and the lack of resources (human and...

Persistent link: https://www.econbiz.de/10005119245

Argentina

Nogues, Julio J. - EconWPA - 2005

After decades of being a marginal player in the GATT trade negotiations, Argentina decided to participate actively in the Uruguay Round. This chapter measures the imbalance between the concessions given and received and concludes that the value of the first are far more important than the...

Persistent link: https://www.econbiz.de/10005119329

Reciprocity in the FTAA: The Roles of Market Access, Institutions and Negotiating Capacity

Nogues, Julio J. - EconWPA - 2005

Latin America will support the FTAA if it sees this project as a way of creating the conditions for improved growth performance and declining poverty. In searching for these objectives with effectiveness, this paper calls attention to some of the conditions that are necessary in order for...

Persistent link: https://www.econbiz.de/10005062629

Social norms and human cooperation

Fehr, Ernst; Fischbacher, Urs - EconWPA - 2004

The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...

Persistent link: https://www.econbiz.de/10005076756