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We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10003747647
principles, instruments, target groups and governance in Germany, France, the Netherlands, Switzerland, the United Kingdom, the …
Persistent link: https://www.econbiz.de/10003793501
States and France. It discusses how the welfare state can be reformed in order to improve outcomes for older workers …
Persistent link: https://www.econbiz.de/10003900521
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...
Persistent link: https://www.econbiz.de/10003959628
Germany and France are both Continental European welfare states with severe labor market problems such as low …
Persistent link: https://www.econbiz.de/10003540028
-paid service jobs, as non-wage labour costs are minimised. In France, fixed-term contracts are a flexible and also cheaper …
Persistent link: https://www.econbiz.de/10003985730
comparable enterprise level data from France, Germany, and the United Kingdom. Exporters are more productive and pay higher wages … significantly smaller in Germany, significantly larger in France, and does not differ significantly in the UK. The results for wages … services firms into exporting does not show up among firms from France and the UK where no statistically significant …
Persistent link: https://www.econbiz.de/10008989751
Persistent link: https://www.econbiz.de/10009356952
-negligible importance in explaining international heterogeneity in happiness. In some countries, such as France, they are responsible for 80 … comparisons ; France ; immigration ; European Social Survey …
Persistent link: https://www.econbiz.de/10009523543
We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy in which a worker's status depends on past performance. We investigate the optimality of two types of promotion hierarchies: (i) internal labor markets, in which agents have a...
Persistent link: https://www.econbiz.de/10009530691