Similar Search Results

Counter Intuitive Results in a Simple Model of Wage Negotiations

Houba, Harold; van Lomwel, Gijsbert - 1998

Short-term contracts and exogenous productivity growth are introduced in asimple wage bargaining model. The equilibrium utilities corresponding tomilitant union behaviour are independent of the contract length. The wagedynamics are linear if strike is credible (low wage shares) and...

Persistent link: https://www.econbiz.de/10010324421

Returns to On-the-Job Search and the Dispersion of Wages

Gottfries, Axel; Teulings, Coen - 2016

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs, until lay-off occurs, when this selection process starts over from scratch. We develop a simple methodology to test these predictions. Our inference uses two sources of...

Persistent link: https://www.econbiz.de/10011586695

Wage Dispersion in Russia

Grogan, L.A. - 1997

This paper examines the extent to which human capital theory can explain observed wage differentialsin the Russian Federation. Wage and income dispersion have increased markedly in Russia in the sixyears since the transition began. Some studies conclude that this is an indicator that Russian...

Persistent link: https://www.econbiz.de/10010324560

Equilibrium Directed Search with Multiple Applications

Albrecht, James; Gautier, Pieter; Vroman, Susan - 2003

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

Persistent link: https://www.econbiz.de/10010324801

Product Market Competition and Trade Union Structure

Beniers, Klaas J.; Dur, Robert A.J. - 2003

Trade unions tend to reduce the dispersion of wages among their members. Skilled workers may therefore have an incentive to separate from an encompassing union and organize into a separate craft union. In this paper, we examine a theoretical model to gain insight into the determinants of the...

Persistent link: https://www.econbiz.de/10010325045

Strategic Wage Setting and Coordination Frictions with Multiple Applications

Gautier, Pieter A.; Moraga, Jose L. - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10010325469

Structural Estimation of Search Intensity: Do Non-Employed Workers Search Enough?

Gautier, Pieter A.; Moraga-Gonzalez, Jose Luis; … - 2007

We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....

Persistent link: https://www.econbiz.de/10010325530

Sorting and the Output Loss due to Search Frictions

Gautier, Pieter A.; Teulings, Coen N. - 2011

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii) themax-mean wage differential. The latter measure of wage...

Persistent link: https://www.econbiz.de/10010325738

Optimal Incentive Contracts when Workers envy their Boss

Dur, Robert; Glazer, Amihai - 2004

A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This … article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the … applications of our theoretical work: envy can explain why a lower-level worker is awarded stock options, why incentive pay is …

Persistent link: https://www.econbiz.de/10010325487

Wage Structure and the Incentive Effect of Promotions

van Herpen, Marco; Cools, Kees; van Praag, Mirjam - 2004

This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...

Persistent link: https://www.econbiz.de/10010325291