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Buhai, I. Sebastian; Portela, Miguel; Teulings, Coen N.; … - 2008

This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker's tenure relative to the tenure of her colleagues). We seek...

Persistent link: https://www.econbiz.de/10010276980

Overwhelmed by Routine Tasks : A Multi-Tasking Principle Agent Perspective

Demougin, Dominique; Helm, Carsten - 2022

We analyze a multitasking model with a verifiable routine task and a skill-dependent activity characterized by moral hazard. Contracts negotiated by firm/employee pairs follow from Nash bargaining. High- and low-skilled employees specialize, intermediate productivity employees perform both...

Persistent link: https://www.econbiz.de/10014083473

The Sources of the Union Wage Gap : The Role of Worker, Firm, Match, and Job-title Heterogeneity

Addison, John T. - 2019

Using matched employer-employee-contract data for Portugal – a country with near-universal union coverage – we find evidence of a sizable effect of union affiliation on wages. Gelbach's (2016) decomposition procedure is next deployed to ascertain the contributions of worker, firm, match, and...

Persistent link: https://www.econbiz.de/10012892193

Self-Confidence and Reactions to Subjective Performance Evaluations

Bellemare, Charles - 2019

Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers’ level of...

Persistent link: https://www.econbiz.de/10012892258

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke, Laszlo - 2020

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...

Persistent link: https://www.econbiz.de/10012828115

Monitoring a common agent : implications for financial contracting

Khalil, Fahad; Martimort, David; Parigi, Bruno Maria - 2005

We study the problem of multiple principals who want to obtain income from a privately informed agent and design their contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for the shapes of contracts and the amount of...

Persistent link: https://www.econbiz.de/10010261310

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

Adda, Jérôme; Dustmann, Christian; Görlach, Joseph-Simon - 2021

This paper develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants’ careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return...

Persistent link: https://www.econbiz.de/10013229696

Redistribution of Return Inequality

Schulz, Karl - 2021

. The leading example is a financial market, where the rich acquire more financial information than the poor. Contrary to …

Persistent link: https://www.econbiz.de/10013233147

The Short and the Long of it : Stock-Flow Matching in the US Housing Market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …

Persistent link: https://www.econbiz.de/10014243085