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Pay and Productivity in a Corporatist Economy: Evidence from Austria
Fuess, Jr. Scott M.; Millea, Meghan - 2001
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a...
Persistent link: https://www.econbiz.de/10010262451
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Hiring Standards and Market Clearing
Schlicht, Ekkehart - 2002
Consider a labour market with heterogeneous workers. Firms recruit workers by fixing a hiring standard and a wage offer simultaneously. A more demanding hiring standard necessitates a better wage offer in order to attract enough qualified applicants. As a result, an efficiency wage effect is...
Persistent link: https://www.econbiz.de/10010262771
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Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany
Fuess, Jr. Scott M.; Millea, Meghan - 2002
Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to disentangle the relationship between pay and...
Persistent link: https://www.econbiz.de/10010273751
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Tenure, wage profiles and monitoring
Sessions, John G.; Theodoropoulos, Nikolaos - 2008
We investigate the relationship between the slope of the wage-tenure profile and the level of monitoring across two cross sections of matched employer-employee British data. Our theoretical model predicts that increased monitoring leads to a decline in the slope of the wage-tenure profile. Our...
Persistent link: https://www.econbiz.de/10010276684
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Earnings-related severance pay
Goerke, Laszlo - 2006
, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous …
Persistent link: https://www.econbiz.de/10010268052
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Wages, employment, and capital in capitalist and worker-owned firms
Pencavel, John H.; Pistaferri, Luigi; Schivardi, Fabiano - 2006
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …. Co-op wages are about 14 percent lower on average and they are more volatile (and employment less volatile) than those in …
Persistent link: https://www.econbiz.de/10010276248
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Does privatization hurt workers? Lessons from comprehensive manufacturing firm panel data in Hungary, Romania, Russia, and Ukraine
Brown, J. David; Earle, John S.; Telegdy, Almos - 2006
We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in … impacts on both employment and wages in all four countries. The negligible consequences of domestic privatization for workers …
Persistent link: https://www.econbiz.de/10010288007
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Change and concentration in the world rubber industry: an ICEF sector study
Plehwe, Dieter - 1990
Persistent link: https://www.econbiz.de/10011295193
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Causes of Wage Increases in Swedish Manufacturing. A Remarkable Case of Regular Behaviour
Schager, Nils Henrik - 1988
The present study is a theoretical and empirical investigation into the aggregate wage dynamics of Swedish manufacturing. It contains three essential results: •a rigorous search theoretical model of the wage behaviour of firms is presented and adapted for application to aggregate data •the...
Persistent link: https://www.econbiz.de/10010334965
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Does Privatization Hurt Workers? Lessons from Comprehensive Manufacturing Firm Panel Data in Hungary, Romania, Russia and Ukraine
Brown, J. David; Earle, John S.; Telegdy, Álmos - 2005
We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … negative effect in Russia, and they provide some evidence of positive foreign effects on both wages and employment in all four …
Persistent link: https://www.econbiz.de/10010494669