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Can unions substitute a procedural justice role for their traditional reliance on establishing a ‘common rule’? The decline of ‘bureaucratic’ models of employee management and the rise of performance pay and performance management conflicts with the common rule as management seek to tie...
Persistent link: https://www.econbiz.de/10010745836
This paper studies the interaction of incentive pay and social distance in the dissemination of information. We analyse theoretically as well as empirically the effect of incentive pay when agents have pro-social objectives, but also preferences over dealing with one social group relative to...
Persistent link: https://www.econbiz.de/10011126422
This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI …
Persistent link: https://www.econbiz.de/10010744803
employment, investment and productivity, and a moderate loss in GDP. This temporary impact of a second moment shock is different …
Persistent link: https://www.econbiz.de/10010744930
This paper analyses a dynamic game of investment in R&D or advertising, where current investments change future market … conditions. It investigates whether underinvestment can be supported in equilibrium by the threat of escalation in investment … investment in equilibrium. Furthermore, potential entry is introduced into the model so as to address the issues of market …
Persistent link: https://www.econbiz.de/10010745545
capital to labour with no efficiency effects, but is probably more likely to lead to lower investment rates and economic … senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This … unionisation reduces investment by around one fifth compared with the investment rate in a non-union workplace. In both Canada and …
Persistent link: https://www.econbiz.de/10010745670
even after controlling for investment, size, book-to-market and momentum as well as other known predictors of stock returns …-adjusted discount rates. The model implies that the investment rate and the hiring rate predicts stock returns because these variables …
Persistent link: https://www.econbiz.de/10010746050
, major weaknesses with respect to long-run investment in human capital, infrastructure and innovation remain. These are …
Persistent link: https://www.econbiz.de/10011125977
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10011126145
question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …
Persistent link: https://www.econbiz.de/10011126328