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Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment

Coles, Melvyn; Mortensen, Dale T. - Institute for the Study of Labor (IZA) - 2011

A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the Markov perfect equilibrium to the wage setting...

Persistent link: https://www.econbiz.de/10009220620

Wage Setting in the Colombian Manufacturing Industry

Agudelo, Sonia A.; Sala, Hector - Institute for the Study of Labor (IZA) - 2015

We show that wage setting in the Colombian manufacturing industry is not fundamentally driven by labor productivity in contrast to the standard theoretical prediction. On the contrary, internal institutional arrangements – payroll taxation, the minimum wage or the price wedge between...

Persistent link: https://www.econbiz.de/10011228304

Gift Exchange and Workers' Fairness Concerns: When Equality Is Unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - Institute for the Study of Labor (IZA) - 2009

We study how different payment modes influence the effectiveness of gift exchange as a contract enforcement device. In particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by contractual incompleteness. In our experiment, one...

Persistent link: https://www.econbiz.de/10004969331

Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics

Abeler, Johannes; Altmann, Steffen; Goerg, Sebastian; … - Institute for the Study of Labor (IZA) - 2011

In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...

Persistent link: https://www.econbiz.de/10009024592

Reciprocity and Payment Schemes: When Equality Is Unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - Institute for the Study of Labor (IZA) - 2006

A growing literature stresses the importance of reciprocity, especially for employment relations. In this paper, we study the interaction of different payment modes with reciprocity. In particular, we analyze how equal wages affect performance and efficiency in an environment characterized by...

Persistent link: https://www.econbiz.de/10005761926

How Wages Change: Micro Evidence from the International Wage Flexibility Project

Dickens, William T.; Goette, Lorenz; Groshen, Erica L.; … - Institute for the Study of Labor (IZA) - 2006

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which...

Persistent link: https://www.econbiz.de/10005762175

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

Arbeitsmarktpolitische Maßnahmen und ihre Evaluierung: eine Bestandsaufnahme

Schmidt, Christoph M. - Institute for the Study of Labor (IZA) - 2000

(Title: Active Labor Market Policy and its Evaluation: The Current State of Affairs) Despite the considerable effort and the large financial expenditures spent on measures of Active Labor Market Policy in Germany, relatively little is known about their actual impact. To the contrary, past...

Persistent link: https://www.econbiz.de/10005703776

Does the Size of the Effect of Adverse Events at High Ages on Daily-Life Physical Functioning Depend on the Economic Conditions Around Birth?

Scholte, Robert; den Berg, Gerard J. van; Lindeboom, Maarten - Institute for the Study of Labor (IZA) - 2014

This paper considers determinants of physical-functional limitations in daily-life activities at high ages. Specifically, we quantify the extent to which the impact of adverse life events on this outcome is larger in case of exposure to adverse economic conditions early in life. Adverse life...

Persistent link: https://www.econbiz.de/10010884074

Unemployment Transitions to Stable and Unstable Jobs Before and During the Crisis

Nagore García, Amparo; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2014

Using administrative records data from Spanish Social Security, we analyse the pattern and the determinants of individual unemployment benefit spell durations. We compare a period of expansion (2005-2007) and the recent recession (2009-2011), allowing us to determine the impact of the current...

Persistent link: https://www.econbiz.de/10010884159