This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an … backloaded in good times and frontloaded in bad times. We prove that there exists a unique spot target wage, which serves as an … attraction point for smooth wage adjustments. The structural model is estimated on matched employer-employee data from Sweden …

productivity observed in a sample of ten unionized plants. It is argued that this relationship reflects the productivity …

This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every … jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the … law suggests that less employment protection would enhance welfare. The review has three parts. The first part discusses …

standard relative performance pay contracts, relative to a fixed wage scheme, increase productivity, they have a dark side … serve to lessen worker productivity and harm worker morale. We take a different approach to curbing worker misbehavior … different wage contracts influence workers' propensity to cheat and sabotage one another. Our findings show that even though …

This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this … form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …

employers has declined since the 1980s, yet there is a commonly expressed view that long-term employment relationships are more … difficult to attain. We reconcile these observations by examining how the distribution of employment tenure has changed in … tenure has declined markedly among older men; this trend may have spurred popular perceptions that long-term employment is …

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant …'s business strategy. We also find that plants sold post-intervention exhibit a significant improvement in productivity under new … increase in labor productivity. Additional tests refute alternative explanations that attribute the improvement to mean …

This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted … all countries could expect sizeable gains in multifactor productivity from deregulation reforms …