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Competition and relational contracts : the role of unemployment as a disciplinary device

Brown, Martin (contributor); Falk, Armin (contributor); … - 2008

When unemployment prevails, relations with a particular firm are valuable for workers. As a consequence, a worker may adhere to an implicit agreement to provide high effort, even when performance is not third-party enforceable. But can implicit agreements - or relational contracts - also...

Persistent link: https://www.econbiz.de/10003656931

Do the selfish mimic cooperators? : experimental evidence from finitely-repeated labor markets

Roe, Brian; Wu, Steven Y. - 2009

a finitely-repeated labor market with unenforceable worker effort. Theory predicts, and our data confirms, that (1 …

Persistent link: https://www.econbiz.de/10003829127

Implicit contracts, unemployment, and labor market segmentation

Altmann, Steffen; Falk, Armin; Huffman, David - 2010

We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit...

Persistent link: https://www.econbiz.de/10003975632

Firms and early retirement : offers that one does not refuse

Bellmann, Lutz (contributor); Janik, Florian (contributor) - 2007

According to the Hutchens (1999) model, early retirement is not explained as a result of maximizing expected individual utility but rather as a demand-side phenomenon arising from a firm’s profit-maximizing behaviour. Firms enter into contracts with their employees that include clauses about...

Persistent link: https://www.econbiz.de/10003591476

Economic integration and labor market institutions : worker mobility, earnings risk, and contract structure

Schöb, Ronnie (contributor); Wildasin, David E. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001830020

Zero hours contracts and their growth

Farina, Egidio; Green, Colin; McVicar, Duncan - 2019

This paper studies the prevalence and nature of zero-hours contracts (ZHCs) in the UK labour market. The headline count of ZHC workers based on the Labour Force Survey has long underestimated and continues to underestimate the number of workers in ZHC or ZHC-like jobs. ZHC jobs and workers are...

Persistent link: https://www.econbiz.de/10012001423

Why do firms pay an overtime premium?

Hart, Robert A.; Ma, Yue - 2000

We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...

Persistent link: https://www.econbiz.de/10011335237

Redundancy payments, incomplete labor contracts, unemployment and welfare

Cahuc, Pierre; Zylberberg, André - 1999

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...

Persistent link: https://www.econbiz.de/10011318608

Wages, hours and human capital over the life cycle

Hart, Robert A.; Ma, Yue - 2000

We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...

Persistent link: https://www.econbiz.de/10011325980

Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining

Cahuc, Pierre; Wasmer, Etienne - 2001

In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel's theory of intrafirm …

Persistent link: https://www.econbiz.de/10011401500

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