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Relational Contracts and the Nature of Market Interactions

Brown, Martin; Falk, Armin; Fehr, Ernst - Institute for the Study of Labor (IZA) - 2003

We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...

Persistent link: https://www.econbiz.de/10005703546

The Spot Market Matters: Evidence on Implicit Contracts from Britain

Devereux, Paul J.; Hart, Robert A. - Institute for the Study of Labor (IZA) - 2005

Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individuallevel data taken from the...

Persistent link: https://www.econbiz.de/10005823009

Implicit Contracts, Unemployment, and Labor Market Segmentation

Altmann, Steffen; Falk, Armin; Huffman, David - Institute for the Study of Labor (IZA) - 2010

We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit...

Persistent link: https://www.econbiz.de/10008602725

Do the Selfish Mimic Cooperators? Experimental Evidence from Finitely-Repeated Labor Markets

Roe, Brian E.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2009

Experimental studies have consistently shown that cooperative outcomes can emerge even in finitely repeated games. Such outcomes are justified by existing reputation building models, which suggest that cooperative outcomes can be sustained if some subjects have other-regarding preferences. While...

Persistent link: https://www.econbiz.de/10005566817

Estimating Workforce Disposal in the Italian Labour Market

Contini, Bruno; Grand, Elisa - Institute for the Study of Labor (IZA) - 2014

workforce common to all EU member countries: flows from regular employment to non-employment are very often dead-ends. A vast …-term unemployed or leave the workforce altogether, never to regain regular employment even after as long as twenty years. Many join … the ranks of the irregular economy, many drop out of the labour force. "Workforce disposal" refers to the process …

Persistent link: https://www.econbiz.de/10010884397

Earnings and Employment in Foreign-Owned Firms

Maré, Dave C.; Sanderson, Lynda; Fabling, Richard - Institute for the Study of Labor (IZA) - 2014

This paper examines remuneration and labour mobility patterns among workers in foreign-owned firms operating in New Zealand. By tracking workers as they move across jobs, we document the extent of the "foreign wage premium" distinguishing between compositional factors (eg, differences in...

Persistent link: https://www.econbiz.de/10010959825

Labour Mobility - An Adjustment Mechanism in Euroland?

Puhani, Patrick A. - Institute for the Study of Labor (IZA) - 1999

The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional...

Persistent link: https://www.econbiz.de/10005233745

Are Home Owners Really More Unemployed?

Munch, Jakob Roland; Rosholm, Michael; Svarer, Michael - Institute for the Study of Labor (IZA) - 2003

This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish between finding employment locally or by being geographically mobile. We find that home ownership hampers the propensity to move for job reasons but improves the chances of finding...

Persistent link: https://www.econbiz.de/10005822884

The Impact of Arab Spring on Hiring and Separation Rates in the Tunisian Labour Market

Haouas, Ilham; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2015

This paper analyses the hiring and separation rates in Tunisia before and after the Arab Spring of 2011. Several models are specified to study employment decisions based on quarterly administrative firm level data over the period of 2007 to 2012. The data provides information about important...

Persistent link: https://www.econbiz.de/10011156476

European Labour Mobility: Challenges and Potentials

Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2004

workforce, and (ii) a split labour market that is characterized by high levels of unemployment for low-skilled people and a …

Persistent link: https://www.econbiz.de/10005762080