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Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2011

Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several topics in the theory of the firm, like the boundaries of...

Persistent link: https://www.econbiz.de/10009251371

Resource Allocation and Firm Scope

Friebel, Guido; Raith, Michael - Institute for the Study of Labor (IZA) - 2006

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...

Persistent link: https://www.econbiz.de/10005761852

Consistency in Organization

Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2003

Recent thinking has emphasized the importance of consistency in a firm’s compensation policy. By starting from Williamson’s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...

Persistent link: https://www.econbiz.de/10005763891

Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - Institute for the Study of Labor (IZA) - 2012

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...

Persistent link: https://www.econbiz.de/10010598089

Relational Contracts and the Economic Well-Being of Nations

Kukharskyy, Bohdan; Pflüger, Michael P. - Institute for the Study of Labor (IZA) - 2010

Informal long-term relationships and mutual confidence play a crucial role in modern economies in at least two dimensions. First, the performance of firms is strongly affected by their capacity to solve organizational questions effectively and this capacity is apparently strongly related to...

Persistent link: https://www.econbiz.de/10008777145

Social Evolution, Corporate Culture, and Exploitation

Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2002

It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

Persistent link: https://www.econbiz.de/10005566784

Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank

Madies, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - Institute for the Study of Labor (IZA) - 2012

stereotype of risk averse and less competitive older employees. …

Persistent link: https://www.econbiz.de/10010884197

The Risk and Return of Human Capital Investments

Koerselman, Kristian; Uusitalo, Roope - Institute for the Study of Labor (IZA) - 2013

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

Persistent link: https://www.econbiz.de/10010960122

Xenophobic Attacks, Migration Intentions and Networks: Evidence from the South of Africa

Friebel, Guido; Gallego, Juan Miguel; Mendola, Mariapia - Institute for the Study of Labor (IZA) - 2011

We investigate how emigration flows from a developing region are affected by xenophobic violence at destination. Our empirical analysis is based on a unique survey among more than 1000 households, collected in Mozambique in summer 2008, a few months after a series of xenophobic attacks in South...

Persistent link: https://www.econbiz.de/10009283587

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; van Praag, Mirjam - Institute for the Study of Labor (IZA) - 2011

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …

Persistent link: https://www.econbiz.de/10009395440