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and turnover intentions, and (3) the contribution of the fairness considerations on the overall effects of the wage … structure variables on workers' job satisfaction and turnover intentions. The findings suggest that equity and social status … considerations as well as altruistic preferences towards co-workers and inequality aversion are important, whereas the evidence for …
Persistent link: https://www.econbiz.de/10012140308
income; yet, weak evidence can be found for higher job satisfaction and a reduction in turnover. …
Persistent link: https://www.econbiz.de/10011451008
In this paper, we study the role of coworker referrals for labor market outcomes. Using comprehensive Danish administrative data covering the period 1980 to 2005, we first document a strong tendency of workers to follow their former coworkers into the same establishments and provide evidence...
Persistent link: https://www.econbiz.de/10011997660
According to the standard union bargaining model, unemployment benefits should have big effects on wages, but product market prices and productivity should play no role in the wage bargain. We formulate an alternative strategic bargaining model, where labour and product market conditions...
Persistent link: https://www.econbiz.de/10010128001
This paper investigates the impact of a collective agreement stipulating a one shot increase in establishment-specific wage levels in a public-sector setting where wages otherwise are set according to individualized wage bargaining. The agreement stipulated that wages should increase in...
Persistent link: https://www.econbiz.de/10010354153
We analyze how quits responded to arbitrary differences in own and peer wages using an unusual feature of a pay raise at a large U.S. retailer. The firm's use of discrete pay steps created discontinuities in raises, where workers earning within 1 cent of each other received new wages that...
Persistent link: https://www.econbiz.de/10011289322
This paper extends the literature on the consequences of over-education, in particular quit outcomes. It is the first study that explicitly tests the impact of job satisfaction and on-the-job training for workers in educational mismatched jobs and on quit behavior using a longitudinal data set....
Persistent link: https://www.econbiz.de/10013499522
The escalation of commitment process involves a decision-maker continuing commitment to an investment after receiving negative information. This study develops a principal-agent model to explore how escalation decisions are linked with departures of CEOs from the position. With asymmetric...
Persistent link: https://www.econbiz.de/10013257237
Persistent link: https://www.econbiz.de/10009762405
How does information asymmetry between firms regarding the quality (ability) of workers, determine the distribution of workers' qualities in those firms? We build a game theoretic model of information asymmetry between 2 representative firms competing in the labor market for labor inputs. In the...
Persistent link: https://www.econbiz.de/10012986629