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wages to prevent them to quit. Similarly, workers with a high layoff probability give up some of their wage to prevent them … may be related to downward wage rigidity. While it is easy to renegotiate higher wages to prevent quits, it is much more … difficult to renegotiate lower wages to prevent layoffs even if that would overall be beneficial to the workers involved …
Persistent link: https://www.econbiz.de/10003333105
Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage flexibility or by increasing the returns to training. As a result, profit...
Persistent link: https://www.econbiz.de/10003603600
Despite the fact that worker quits are often associated with wage gains and higher overall job satisfaction, many workers quit once again within one or two years after changing jobs initially. Such repeated job quit behavior may arise as a stepping stone to better quality jobs (Burdett, 1978) or...
Persistent link: https://www.econbiz.de/10003778474
higher wages. This evidence can be explained by increased mobility costs associated with higher expected risk of post …-quit layoff and job mismatch. -- institutions ; employment protection ; labor mobility ; job satisfaction ; wages …
Persistent link: https://www.econbiz.de/10009537638