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For a two-period screening model of strikes it is shown that joint bargaining instead of enterprise negotiations lowers … wages and implies more strikes. These results hold irrespective of the party possessing private information. The sensitivity …
Persistent link: https://www.econbiz.de/10009755226
Immigrant workers and their labor force participation in host countries have received critical attention in all concerned disciplines, principally owing to its strong implications for well-being of natives. The ageing population in many rich countries and several related and unrelated issues...
Persistent link: https://www.econbiz.de/10009230711
We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...
Persistent link: https://www.econbiz.de/10011335237
Persistent link: https://www.econbiz.de/10001353466
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10009552914
raise strike activity. If strike pay and an employers' insurance are combined, strikes may become less probable …
Persistent link: https://www.econbiz.de/10014151126
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10014168651
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … closely to earlier developments in hedonic wage theory. Throughout, we emphasise the intuitive reasoning behind the theory and …
Persistent link: https://www.econbiz.de/10003771694
We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...
Persistent link: https://www.econbiz.de/10013321266
We offer a novel view of employee discounts and in kind compensation. In our theory, bundling perks and cash …
Persistent link: https://www.econbiz.de/10014028785