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Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average...
Persistent link: https://www.econbiz.de/10013079155
wages. We explore a reform that increased the protection of open-ended contracts for a well-defined subset of firms, while … leaving it unchanged for other firms. The causal evidence points to a reduction in wages for new open-ended and fixed …
Persistent link: https://www.econbiz.de/10013039597
We investigate two-way causality between health and the hourly wage by employing insights from the human capital and compensating wage differential models, a panel formed from the National Longitudinal Survey of Youth 1997, and dynamic panel estimation methods in this investigation. We uncover a...
Persistent link: https://www.econbiz.de/10012906526
We examine the interactions between public and private sector wages per employee in OECD countries. The growth of … public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total … private sector wages. We then set up a dynamic labour market equilibrium model with two sectors, search and matching frictions …
Persistent link: https://www.econbiz.de/10013135825
The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and …
Persistent link: https://www.econbiz.de/10013136028
Different empirical studies suggest that the structure of employment in the U.S. and Great Britain tends to polarise into "good" and "bad" jobs. We provide updated evidence that polarisation also occurred in Germany since the mid-1980s until 2008. Using representative panel data, we show that...
Persistent link: https://www.econbiz.de/10013130457
Improving schools depends on attracting high-caliber teachers and increasing retention, both made possible by appealing to teacher preferences. I deploy a discrete-choice experiment in a setting where teachers have reason to reveal their preferences. There are three main findings: (1) I...
Persistent link: https://www.econbiz.de/10012837321
We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT. Under the initial scheme, the firm pays workers a pure sales commission. The intervention reduces the commission rate and adds a fixed payment per processed order to insure...
Persistent link: https://www.econbiz.de/10012861286
relatively low wages and are paid more when cash is available …
Persistent link: https://www.econbiz.de/10012842047