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Wage-Hours Contracts, Overtime Working and Premium Pay
Hart, Robert A.; Ma, Yui - 2021
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … closely to earlier developments in hedonic wage theory. Throughout, we emphasise the intuitive reasoning behind the theory and …
Persistent link: https://www.econbiz.de/10013324874
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Transactions Costs and the Employment Contract in the US Economy
MacLeod, W. Bentley - 2013
In this paper we adapt the model of MacLeod (2007) to provide one way to formally implement some of Williamson's ideas regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this model with a data set that measures job...
Persistent link: https://www.econbiz.de/10013083747
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Competition, Hidden Information and Efficiency : An Experiment
Cabrales, Antonio - 2006
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...
Persistent link: https://www.econbiz.de/10012779356
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Contracts as Rent Seeking Devices : Evidence from German Soccer
Feess, Eberhard; Gerfin, Michael; Muehlheusser, Gerd - 2021
Recent theoretical research has identified many ways how contracts can be used as rent seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...
Persistent link: https://www.econbiz.de/10013324781
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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012842034
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Re-Employment Bonuses in a Signalling Model of Temporary Layoffs
Rodríguez-Planas, Núria - 2021
Temporary layoffs are an important feature of the United States labor market. If these employer-employee relationships exist because of valuable job-matches, unemployment among high-productivity laid-off workers may be optimal from societal perspective. However, because of asymmetric...
Persistent link: https://www.econbiz.de/10013319509
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Homosexuality's Signalling Function in Job Candidate Screening : Why Gay is (Mostly) Ok
Sterkens, Philippe; Dalle, Axana; Wuyts, Joey; Pauwels, Ines - 2022
To explain the mixed findings on hiring discrimination against homosexual applicants, we explore the perceptual drivers behind employers' evaluations of gay men and lesbian women. Therefore, we conduct an extensive vignette experiment among 404 genuine recruiters, for which we test...
Persistent link: https://www.econbiz.de/10014083695
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Contracts as Reference Points : Experimental Evidence
Fehr, Ernst - 2009
experimentally the behavioral forces stipulated in their theory. The evidence confirms the model's prediction that there is a …
Persistent link: https://www.econbiz.de/10012765614
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The Cyclical Behaviour of Employers' Monopsony Power and Workers' Wages
Hirsch, Boris - 2013
unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to …This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10013072156
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Endogenous Monopsony and the Perverse Effect of the Minimum Wage in Small Firms
Danziger, Leif - 2009
The minimum wage rate has been introduced in many countries as a means of alleviating the poverty of the working poor. This paper shows, however, that an imperfectly enforced minimum wage rate causes small firms to face an upward-sloping labor supply schedule. Since this turns these firms into...
Persistent link: https://www.econbiz.de/10013157531