In order to understand highly-skilled flexible workers' job satisfaction, we take their track records into consideration, integrating several employment contracts. We conceptualize our research interest within the framework of the psychological contract to explore individual rationalities in...

We estimate the effect of downsizing announcement on workplace performance using data from a German bakery chain of 193 shops. Faced with intensified competition, the firm decided to sell or close down 57 of its worst performing shops. We identify the effect of downsizing from a plausibly...

Die einschlägige Forschung betrachtet psychologische Verträge primär aus einer individualistisch- rationalen Perspektive. Wie alle Verträge so sind auch psychologische Verträge jedoch in einen soziokulturellen Kontext eingebettet, welcher maßgeblichen Einfluss auf die Handlungsmotive und...

240 Schulleiter wurden nach ihren Erwartungen und Ansprüchen gegenüber ihren Lehrpersonen befragt. Eine Clusteranalyse ergab zwei Gruppen von Schulleitern: An Schuladministration und Schulordnung orientierte (Gruppe I) und eher pädagogisch geleitete Schulleiter (Gruppe II). Die Schulleiter...

In 2001 the employee's right to reduce working-time according to their own preferences was implemented in Germany. This legal title hardly effects the slowly but steadily growing number of part-time jobs. Nevertheless, data from the socioeconomic panel suggest that about 25% of employees wish to...

We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...