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We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous variable. Wage level, monitoring intensity and consequently the desired enforceable effort level are jointly determined by the maximization problem of the firm. As a result,...
Persistent link: https://www.econbiz.de/10011255473
This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...
Persistent link: https://www.econbiz.de/10011255564
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10011256527
pertaining to regional unemployment in Germany. The available data set comprises information about the share of unemployed …
Persistent link: https://www.econbiz.de/10011255516
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …
Persistent link: https://www.econbiz.de/10011255591
up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is …
Persistent link: https://www.econbiz.de/10011255609
ofunemployment in the Netherlands. One was based on statistical data of unemployment insurance funds of tradeunions and the other one …
Persistent link: https://www.econbiz.de/10011255842
pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …
Persistent link: https://www.econbiz.de/10011255879
unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of … unemployment. It will be concluded that Japan is hardly an outlier when using a simple model of the relationship between … unemployment and the rate of business ownership. The model is calibrated using recent data of 23 OECD countries. It shows a minor …
Persistent link: https://www.econbiz.de/10011255983
individuals starting a business after a period of long-term unemployment and those individuals with a lack of better employment …
Persistent link: https://www.econbiz.de/10011256183