Narrow search
Showing 1 - 10 of 2,386
Cover Image
Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis : Relational Contracts with Individual and Uniform Wages
Kocher, Martin G. - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10013108598
Cover Image
Wage Flexibility Under Sectoral Bargaining
Card, David; Cardoso, Ana Rute - 2022
Sectoral contracts in many European countries set wage floors for different occupation groups. In addition, employers often pay a wage premium (or wage cushion) to individual workers. We use administrative data from Portugal, linked to collective bargaining agreements, to study the interactions...
Persistent link: https://www.econbiz.de/10014088812
Cover Image
Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2021
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10013324956
Cover Image
Wage Structure and Labor Mobility in the Netherlands 1999-2003
Borghans, Lex - 2007
In this paper we document the wage structure and labor mobility in the Netherlands in the period 1999-2003. We explain the importance of wage-setting institutions in the Netherlands and the main actors. The analyses are based on administrative sources allowing for comparisons between and within...
Persistent link: https://www.econbiz.de/10012776567
Cover Image
Downward Nominal Wage Rigidity in Services : Direct Evidence from a Firm Survey
Radowski, Daniel - 2009
The paper uses a new German employer survey on wage setting practices to analyze incidence and sources of nominal wage rigidity in services vs. manufacturing. We observe that wage freezes are significantly more frequent and wage cuts less frequent in services. Reasons preventing wage cuts...
Persistent link: https://www.econbiz.de/10012765312
Cover Image
Wage Adjustment and Productivity Shocks
Carlsson, Mikael - 2011
We study how workers' wages respond to TFP-driven innovations in firms' labor productivity. Using unique data with highly reliable firm-level output prices and quantities in the manufacturing sector in Sweden, we are able to derive measures of physical (as opposed to revenue) TFP to instrument...
Persistent link: https://www.econbiz.de/10013124492
Cover Image
Wage Setting in the Colombian Manufacturing Industry
Agudelo, Sonia - 2015
We show that wage setting in the Colombian manufacturing industry is not fundamentally driven by labor productivity in contrast to the standard theoretical prediction. On the contrary, internal institutional arrangements – payroll taxation, the minimum wage or the price wedge between...
Persistent link: https://www.econbiz.de/10013024890
Cover Image
What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009
Fabbri, Francesca - 2012
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …
Persistent link: https://www.econbiz.de/10013108264
Cover Image
Union Membership Effect on Wage Premiums : Evidence from Organized Manufacturing Industries in India
Bhandari, Amit K. - 2021
Trade unionism is a legislative system of organizing workers and raising voices for economic and social goods. As the process of global integration deepens the labour market become more flexible and fragmented, rendering collective organization more and more difficult. In this backdrop, the...
Persistent link: https://www.econbiz.de/10013324924
Cover Image
Labour Productivity in Kenyan Manufacturing and Service Industries
Heshmati, Almas - 2016
Labour productivity reflects a firm's ability to generate higher production or value-added. This paper analyses labour productivity and its determinants in the manufacturing and service sectors in Kenya. As the largest economy in East Africa, it is crucial for Kenya to have high labour...
Persistent link: https://www.econbiz.de/10012992728