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Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany
Fuess Jr., Scott M.; Millea, Meghan - Institute for the Study of Labor (IZA) - 2002
productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to …Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor … disentangle the relationship between pay and productivity. …
Persistent link: https://www.econbiz.de/10005566660
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Pay and Productivity in a Corporatist Economy: Evidence from Austria
Fuess, Scott M. Jr.; Millea, Meghan - Institute for the Study of Labor (IZA) - 2001
efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …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 …
Persistent link: https://www.econbiz.de/10005566727
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Il salario tra premio di risultato e nuove pratiche di gestione delle risorse umane. Gli effetti dell’Accordo di Luglio del 1993
CRISTINI, Annalisi; BAZZANA, Eleonora; LEONI, Riccardo - In: Rivista Internazionale di Scienze Sociali 113 (2005) 2, pp. 157-184
The theoretical result according to which the wage is higher when bargaining and efficiency wages interact, is tested … following: a) Subsequent the adoption of the 1993 Agreement, the elasticity of wages to firm profits increases from 2.6 to 3 …, those that signed the decentralised contract show higher wages, more persist- ent wage dynamics but lower variable wage …
Persistent link: https://www.econbiz.de/10010786798
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A Theory of Union Power and Labor Turnover.
Kuhn, K.U.; Padilla, A.J. - Industry Studies Program (ISP), Department of Economics - 1996
In this paper we develop a theory of union power based on the aggregation of bargaining power of individual workers with firm specific skills. Union power depends on the ease of replacement from internal and external labor markets. Unions increase the bargaining power of insiders only in states...
Persistent link: https://www.econbiz.de/10005640947
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Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology
Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - Institut für Weltwirtschaft (IfW) - 2014
productivity of a firm, the more likely it is to opt for centralized wage formation where it can hide behind less productive firms … setting due to labor cost and straitjacket effects. As firms in Germany are allowed to choose their wage formation regime, we … test these two hypotheses with representative establishment data for West Germany. We find that establishments with …
Persistent link: https://www.econbiz.de/10010886974
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Efficiency Wages, Unio-Firm Bargaining, and Strikes
MAULEON, Ana; VANNETLEBOSCH, Vincent J. - Institut de Recherche Économique et Sociale (IRES), … - 2001
stronger than the firm and the productivity enhancing effects of paying higher wages are sufficiently large, then efficiency …
Persistent link: https://www.econbiz.de/10004985350
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The Changing Nature of Employment and the Reform of Labor and Social Security Legislation in Post-Apartheid South Africa
Makino, Kumiko - Institute of Developing Economies, Japan External Trade … - 2008
This paper tries to understand the current status of South African labor market, which is changing in contradictory directions, i.e. a strengthening of the rights and protection of workers at the same time as the flexibilization of employment, in the context of the characteristics of labor and...
Persistent link: https://www.econbiz.de/10005227596
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, Joao Ricardo - School of Economics, University of Kent - 1998
efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10005763212
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Hard Debt, Soft CEO’s and Union Rents
Wilson, Linus - Department of Economics, Oxford University - 2003
constrain managers from acquiescing to union wage demands. Nevertheless, we argue that unions can win higher wages by altering …
Persistent link: https://www.econbiz.de/10011146229
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Downward Wage Rigidities and Other Firms´ Responses to an Economic Slowdown: Evidence from a Survey of Colombian Firms
Ana María Iregui B.; Ligia Alba Melo B.; María Teresa … - BANCO DE LA REPÚBLICA - 2010
wages during an economic slowdown is to avoid the loss of more experienced and productive workers, which is related to the …
Persistent link: https://www.econbiz.de/10008568479