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Scars of Recessions in a Rigid Labor Market

Cockx, Bart; Ghirelli, Corinna - Institute for the Study of Labor (IZA) - 2015

We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...

Persistent link: https://www.econbiz.de/10011196644

Social Incentives Matter: Evidence from an Online Real Effort Experiment

Tonin, Mirco; Vlassopoulos, Michael - Institute for the Study of Labor (IZA) - 2012

Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives to financial incentives using an online real effort...

Persistent link: https://www.econbiz.de/10010959558

Individual and Corporate Social Responsibility

Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2009

prosocial behavior on behalf of stakeholders, and insider-initiated corporate philanthropy. For both individuals and firms we …

Persistent link: https://www.econbiz.de/10008469709

Are Employees Better Off in Socially Responsible Firms?

Tamm, Katrin; Eamets, Raul; Mõtsmees, Pille - Institute for the Study of Labor (IZA) - 2010

and external stakeholders. A further outcome of the study emphasizes the negative link between firm size and corporate …

Persistent link: https://www.econbiz.de/10008805613

Determinants of Managerial Values on Corporate Social Responsibility: Evidence from China

Zu, Liangrong; Song, Lina - Institute for the Study of Labor (IZA) - 2008

This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social responsibility (CSR), to what extent firms’ productive characteristics influence managers’ attitudes towards their CSR rating, and whether their values in favour of CSR are...

Persistent link: https://www.econbiz.de/10005566698

Identity Changes and the Efficiency of Reputation Systems

Wibral, Matthias - Institute for the Study of Labor (IZA) - 2014

Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …

Persistent link: https://www.econbiz.de/10010884234

Reputations, Relationships and the Enforcement of Incomplete Contracts

MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006

This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler (1981)) and efficiency wages (Shapiro and Stiglitz...

Persistent link: https://www.econbiz.de/10005233793

Transparency and Reciprocal Behavior in Employment Relations

Irlenbusch, Bernd; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2003

The impact of transparency on the extent of reciprocal behavior is investigated in a simple repeated gift exchange experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals’ payoffs are determined by a random component. It is...

Persistent link: https://www.econbiz.de/10005233886

Laws and Norms

Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2012

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...

Persistent link: https://www.econbiz.de/10009646323

Dynamic Incentive Contracts under Parameter Uncertainty

Prat, Julien; Jovanovic, Boyan - Institute for the Study of Labor (IZA) - 2010

We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...

Persistent link: https://www.econbiz.de/10008727782