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A behavioral account of the labor market: the role of fairness concerns
Fehr, Ernst; Goette, Lorenz; Zehnder, Christian - 2008
In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
Persistent link: https://www.econbiz.de/10010269083
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A Behavioral Account of the Labor Market: The Role of Fairness Concerns
Fehr, Ernst; Goette, Lorenz; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
Persistent link: https://www.econbiz.de/10005762059
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The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
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The Organizational Economics of School Chains
Neri, Lorenzo; Pasini, Elisabetta; Silva, Olmo - 2022
Although school autonomy is often advocated as a way to improve student achievement, many countries are experiencing a counterbalancing trend: the emergence of ‘chains’ that bind schools together into structures with varying degrees of centralization. Despite their prominence, no evidence...
Persistent link: https://www.econbiz.de/10013351981
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Organizational Barriers to Technology Adoption: Evidence from Soccer-Ball Producers in Pakistan
Atkin, David; Chaudhry, Azam; Chaudry, Shamyla; … - 2015
puzzlingly low. We hypothesize that an important reason for the lack of adoption is a misalignment of incentives within firms … positive effect on adoption. We interpret the results as supportive of the hypothesis that misalignment of incentives within …
Persistent link: https://www.econbiz.de/10011307431
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The Consequences of a Piece Rate on Quantity and Quality: Evidence from a Field Experiment
Heywood, John S.; Siebert, W. Stanley; Wei, Xiangdong - 2013
This field experiment examines output quantity and quality for workers in a data input business. We observe two sets of workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases quantity, and we find that the resultant quality can...
Persistent link: https://www.econbiz.de/10010329072
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Co-Determination, Efficiency, and Productivity
FitzRoy, Felix R.; Kraft, Kornelius - 2004
We present the first panel estimates of the productivity effects of the unique German institution of parity, board-level co-determination. Although our data span two severe recessions when labour hoarding costs of co-determination are probably highest, and the panel is too short to capture the...
Persistent link: https://www.econbiz.de/10010262174
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Market Characteristics, Intra-Firm Coordination, andthe Choice of Human Resource Management Systems:Evidence from New Japanese Data
Kato, Takao; Owan, Hideo - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
coordination within the organization and the structure of organizationand bundling of HRMPs (Human Resource Management Practices …
Persistent link: https://www.econbiz.de/10008939754
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Market Characteristics, Intra-Firm Coordination, and the Choice of Human Resource Management Systems: Evidence from New Japanese Data
Kato, Takao; Owan, Hideo - Institute for the Study of Labor (IZA) - 2007
coordination within the organization and the structure of organization and bundling of HRMPs (Human Resource Management Practices … characteristics and its choice of HRMP system. We begin with constructing a team-theoretic model and derive three task coordination … modes: vertical control, horizontal coordination, and hybrid coordination. The model provides rich implications about …
Persistent link: https://www.econbiz.de/10005703136
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Co-Determination, Efficiency, and Productivity
FitzRoy, Felix R.; Kraft, Kornelius - Institute for the Study of Labor (IZA) - 2004
We present the first panel estimates of the productivity effects of the unique German institution of parity, board-level co-determination. Although our data span two severe recessions when labour hoarding costs of co-determination are probably highest, and the panel is too short to capture the...
Persistent link: https://www.econbiz.de/10005822112