This paper empirically establishes the effect of the employer's term of notice on the wage level of employees. The term of notice is defined as the period an employer has to notify workers in advance of their up-coming dismissal. The wages paid during this period are an important element of...

How much do developing countries benefit from foreign investment? We contribute to this question by comparing the employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data...

We exploit a controlled frameless laboratory experiment to study settlement negoti-ations and the plainti¤’s decision to raise a lawsuit in case of an impasse. We …nd thatgreater variance in court outcomes increases the litigation rate and lowers the settlementrate. This latter …nding goes...

The potentially adverse labor market effects of severance pay mandates are a continuingsource of policy concern. In a seminal study, Lazear (1990) found that contract avoidance ofseverance pay firing costs was theoretically simple – a bonding scheme would do – but thatempirically the labor...

The Swedish labour market and social policy is aimed at facilitating flexibility in the labourmarket. The active labour market policy and the design of the social security pension systemare two frequently mentioned examples of that policy...

It is often argued that Black-Scholes (1973) values overstate the subjective value of stock options granted to risk-averse and under-diversified executives. We construct a "representative" Swiss executive and extend the certainty-equivalence approach presented by Hall and Murphy (2002) to assess...

We study aggregative games in which players’ strategy sets areconvex intervals of the real line and (not necessarily differentiable)payoffs depend only on a player’s own strategy and the sum of allplayers’ strategies. We give sufficient conditions on each player’s payofffunction to...

Im wohl spektakulärsten Wirtschaftsstrafverfahren der deutschen Nachkriegsgeschichte, dem„Mannesmann-Prozeß“, ging und geht es neben Barabfindungen von Versorgungsleistungenvor allem um die Zulässigkeit von Anerkennungsprämien für ausscheidende und bereitsausgeschiedene...

Abschließend ist festzustellen, dass Abfindungsvereinbarungen mitVorstandsmitgliedern börsennotierter Gesellschaften nach Sinn und Zweck desVorstOG der Pflicht zur individualisierten Offenlegung nach § 285 Abs. 1 Nr. 9 a)HGB unterfallen.51 Die Abfindungszahlungen müssen der...

Stellungnahme des Arbeitskreises Mittelstand der Friedrich-Ebert-Stiftung: Zusammenfassung der Ergebnisse der Sitzung vom 31. März 2004