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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

Other-Regarding Preferences and Leadership Styles

Kocher, Martin G.; Pogrebna, Ganna; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009

We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...

Persistent link: https://www.econbiz.de/10005703650

Social Capital and Immigrants' Labour Market Performance

Piracha, Matloob; Tani, Massimiliano; Vaira-Lucero, Matias - Institute for the Study of Labor (IZA) - 2013

levels using the Households Income and Labour Dynamics in Australia (HILDA) longitudinal survey data. We find a positive …

Persistent link: https://www.econbiz.de/10010990925

The Effect of Paid Parental Leave on Child Health in Australia

Broadway, Barbara; Kalb, Guyonne; Kuehnle, Daniel; … - Institute for the Study of Labor (IZA) - 2015

the provision of paid parental leave, even for short periods (as usually available in Australia), will benefit children …

Persistent link: https://www.econbiz.de/10011265289

Job Insecurity and Future Labour Market Outcomes

McGuinness, Seamus; Wooden, Mark; Hahn, Markus - Institute for the Study of Labor (IZA) - 2012

This paper uses longitudinal survey data to test the degree to which measures of job insecurity are correlated with changes in labour market status. Three major findings are reported. First, the perceived probability of job loss is only weakly related to both exogenous job separations and...

Persistent link: https://www.econbiz.de/10011266184

The Problem of Overskilling in Australia and Britain

McGuinness, Seamus Mcguinness; sloane, peter james; … - Institute for the Study of Labor (IZA) - 2007

This paper examines the parallel trends in education and labour market developments in Australia and Britain. It uses … Australia, but the wage penalty associated with overskilling increases with education. Although the general patterns of … overskilling (prevalence and penalties) are fairly similar between Australia and Britain, the problem appears to be greater in …

Persistent link: https://www.econbiz.de/10005233778

Gender Differences in Rates of Job Dismissal: Why Are Men More Likely to Lose Their Jobs?

Wilkins, Roger; Wooden, Mark - Institute for the Study of Labor (IZA) - 2011

of detailed investigation. In this paper, household panel survey data from Australia are used that also find higher …

Persistent link: https://www.econbiz.de/10009403381