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A Behavioral Account of the Labor Market: The Role of Fairness Concerns
Fehr, Ernst; Goette, Lorenz; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
Persistent link: https://www.econbiz.de/10005762059
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The Consequences of a Piece Rate on Quantity and Quality: Evidence from a Field Experiment
Heywood, John S.; Siebert, W. Stanley; Wei, Xiangdong - Institute for the Study of Labor (IZA) - 2013
This field experiment examines output quantity and quality for workers in a data input business. We observe two sets of workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases quantity, and we find that the resultant quality can...
Persistent link: https://www.econbiz.de/10010700365
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Market Characteristics, Intra-Firm Coordination, and the Choice of Human Resource Management Systems: Evidence from New Japanese Data
Kato, Takao; Owan, Hideo - Institute for the Study of Labor (IZA) - 2007
coordination within the organization and the structure of organization and bundling of HRMPs (Human Resource Management Practices … characteristics and its choice of HRMP system. We begin with constructing a team-theoretic model and derive three task coordination … modes: vertical control, horizontal coordination, and hybrid coordination. The model provides rich implications about …
Persistent link: https://www.econbiz.de/10005703136
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Co-Determination, Efficiency, and Productivity
FitzRoy, Felix R.; Kraft, Kornelius - Institute for the Study of Labor (IZA) - 2004
We present the first panel estimates of the productivity effects of the unique German institution of parity, board-level co-determination. Although our data span two severe recessions when labour hoarding costs of co-determination are probably highest, and the panel is too short to capture the...
Persistent link: https://www.econbiz.de/10005822112
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On the "Adverse Selection" of Organizations
Kräkel, Matthias - Institute for the Study of Labor (IZA) - 2006
According to New Institutional Economics, two or more individuals will found an organization, if it leads to a benefit compared to market allocation. A natural consequence will then be internal rent seeking. We discuss the interrelation between profits, rent seeking and the foundation of...
Persistent link: https://www.econbiz.de/10005822215
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Firm Size, Economic Situation and Influence Activities
Kräkel, Matthias - Institute for the Study of Labor (IZA) - 2006
This paper discusses the optimal firm size in the presence of influence activities, and the level of individual rent-seeking dependent on the economic situation of the firm. Since firm size has a discouraging effect on the level of individual rent-seeking but also a quantity effect as the number...
Persistent link: https://www.econbiz.de/10005822433
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Competition and Educational Productivity: Incentives Writ Large
MacLeod, W. Bentley; Urquiola, Miguel - Institute for the Study of Labor (IZA) - 2012
on incentives and incomplete contracts (beginning with many contributions also from the 1950s) leads to a more nuanced … expectation. Specifically, an examination of the incentives faced by schools, parents, and students leads to predictions that are …
Persistent link: https://www.econbiz.de/10010632994
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How Often Should You Open the Door? Optimal Monitoring to Screen Heterogeneous Agents
Ichino, Andrea; Muehlheusser, Gerd - Institute for the Study of Labor (IZA) - 2004
This paper shows that monitoring too much a partner in the initial phase of a relationship may not be optimal if the goal is to determine his loyalty to the match and if the cost of ending the relationship increases over time. The intuition is simple: by monitoring too much we learn less on how...
Persistent link: https://www.econbiz.de/10005703754
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Contracts as Reference Points: Experimental Evidence
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and important aspects of the employment relation. However, so far there exists no direct evidence that supports these assumptions and, in particular, Hart and Moore's notion that...
Persistent link: https://www.econbiz.de/10005763665
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On the Economics and Biology of Trust
Fehr, Ernst - Institute for the Study of Labor (IZA) - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10005700964