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The Rise of Domestic Outsourcing and the Evolution of the German Wage Structure
Goldschmidt, Deborah - 2015
to contracting firms. For this end we develop a new method for identifying outsourcing of food, cleaning, security and … growth of domestic outsourcing in Germany since the early 1990s. Event-study analyses show that wages in outsourced jobs fall … associated with outsourcing stem from a loss of firm-specific rents, suggesting that labor cost savings are an important reason …
Persistent link: https://www.econbiz.de/10013019114
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Implicit Contracts and the Theory of the Firm
Baker, George P. - 2001
We analyze the role of implicit contracts' (that is, informal agreements supported byquot; reputation rather than law) both within firms, for example in employment relationships between them, for example as hand-in-glove supplier relationships. We find that the optimalquot; organizational form...
Persistent link: https://www.econbiz.de/10012788111
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Pensions, Unions and Implicit Contracts
Gustman, Alan L. - 2010
This paper analyzes the relation of pension coverage and key plan characteristics to measures of union membership and strength, and to related interactions. The large and significant relationships which are found cannot be explained by, and are often inconsistent with, predictions obtained by...
Persistent link: https://www.econbiz.de/10012760319
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Implicit Contracts : a Survey
Rosen, Sherwin - 2021
7mplicit contracts resolve the distribution of uncertainty and utilization of specific human capital between risk averse workers and less risk averse firms. Incomplete contracts are required to yield involuntary layoffs in contract markets: otherwise, contracts are efficient and pareto optimal...
Persistent link: https://www.econbiz.de/10013222937
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Involuntary Terminations Under Explicit and Implicit Employment Contracts
Medoff, James L.; Abraham, Katharine G. - 2021
This study investigates where and when last-in-first-out permanent layoff policies seem to go hand in hand with compensation policies under which the net value of senior workers appears to be less than that of their junior peers. The investigation relies upon both the approximately 260 usable...
Persistent link: https://www.econbiz.de/10013236821
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Implicit Contracts, the Great Depression, and Institutional Change : A Comparative Analysis of U.S. And Japanese Employment Relations, 1920-1940
Moriguchi, Chiaki - 2021
This paper employs a game-theoretic framework and a comparative historical analysis to study the impact of the Great Depression on corporate welfarism,' i.e., employers' voluntary provisions of non-wage benefits, greater employment security, and employee representation to their blue-collar...
Persistent link: https://www.econbiz.de/10013247185
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Managerial Incentive Problems : A Dynamic Perspective
Holmström, Bengt R. - 2022
The paper studies how a person's concern for a future career may influence his or her incentives to put in effort or make decisions on the job. In the model, the person's productive abilities are revealed over time through observations of performance. There are no explicit output contingent...
Persistent link: https://www.econbiz.de/10013324064
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Implicit Contracts, Labor Mobility and Unemployment
Arnott, Richard J.; Hosios, Arthur J.; Stiglitz, Joseph E. - 2021
Firms' inability to monitor their employees' search effort forces a tradeoff between risk-bearing and incentive considerations when designing employment-related insurance. Since the provision of insurance against firm-specific shocks adversely affects workers' incentives to find better jobs, the...
Persistent link: https://www.econbiz.de/10013230390
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An Evaluation of the CPI Indexes for Prescription Drugs
Bosworth, Barry - 2018
The prescription drug component of the Consumer Price Index (CPI measures recent and past drug price changes, and provides the basis for projecting future price trends and health care expenditures. However, there are concerns about the adequacy of the price data because of recent changes in the...
Persistent link: https://www.econbiz.de/10012929587
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The Effect of Job Complexity on Job Satisfaction : Evidence from Turnover and Absenteeism
Weiss, Andrew - 2021
Usinga detailed sample of semi-skilled production workers we find that holding a wide range of personal and job-related characteristics constant, workers assigned to more complex jobs seem to be more likely to quit than are workers assigned to simpler jobs. Job complexity has no discernible...
Persistent link: https://www.econbiz.de/10013228051