This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...

Anhaltend hohe Arbeitslosenzahlen in Deutschland werden immer wieder auch auf eine zu rigide Entgeltstruktur zurückgeführt. Diese Inflexibilität habe ihre Ursache in einem (zu) stark regulierten Arbeitsmarkt. Das deutsche Arbeitsrecht lasse Flexibilisierungen im Entgeltbereich nicht (oder...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...