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In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members … show that roughly 50% of the observed raw differential in individual dismissal rates can be explained by the estimated …
Persistent link: https://www.econbiz.de/10010274709
In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members … show that roughly 50% of the observed raw differential in individual dismissal rates can be explained by the estimated …
Persistent link: https://www.econbiz.de/10010274767
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10010269826
High-tenure workers who lose their jobs experience a large and prolonged fall in wages and earnings. The aim of this paper is to understand and quantify the forces behind this empirical regularity. We propose a structural model of the labor market with heterogeneous firms, on-the-job search and...
Persistent link: https://www.econbiz.de/10014480407
argument, I will discuss decisions of different jurisdictions, including the United States, Canada, Germany and South Africa. …
Persistent link: https://www.econbiz.de/10010286714
Persistent link: https://www.econbiz.de/10011315160
Persistent link: https://www.econbiz.de/10011466565
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10010276315