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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...
Persistent link: https://www.econbiz.de/10011445640
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This paper presents both theoretical analysis and econometric evidence for the United States, Great Britain and Norway on the extent to which hourly wages of different groups of workers are sensitive to local labour market conditions. We focus on differences by union status. Our theoretical...
Persistent link: https://www.econbiz.de/10010284431
Till the early-1990s the collectively-bargained labor contract (between the trade-union that presented the employees, and the employer or the employers'-association) was the norm, granting salaried workers a stable and protected labor contract. Thereafter, and more significantly after 1995, the...
Persistent link: https://www.econbiz.de/10010440266
Till the early-1990s the collectively-bargained labor contract (between the trade-union that presented the employees, and the employer or the employers'-association) was the norm, granting salaried workers a stable and protected labor contract. Thereafter, and more significantly after 1995, the...
Persistent link: https://www.econbiz.de/10010463410
Naidu and Yuchtman (2013) find that labor demand shocks in 19th-century Britain had an impact on master and servant prosecutions, as breaking an employee contract was a criminal offense until 1875. We first reproduce all regression tables in Naidu and Yuchtman (2013) and then test for robustness...
Persistent link: https://www.econbiz.de/10014555738
) als in Deutschland. Die erwartete Abfindungszahlung kann in beiden Rechtssystemen durchaus gleich hoch ausfallen (in … Deutschland ist die Wahrscheinlichkeit einer Abfindung höher, in den USA die Höhe der Zahlung). Eine institutionenökonomische … Analyse zeigt darüber hinaus, daß die Beteiligung des Betriebsrates an Kündigungen in Deutschland opportunistisches Verhalten …
Persistent link: https://www.econbiz.de/10010296913
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This paper studies a labor market with directed search, where multi-worker firms follow a firm wage policy: They pay equally productive workers the same. The policy reduces wages, due to the influence of firms’ existing workers on their wage setting problem, increasing the profitability...
Persistent link: https://www.econbiz.de/10011971300
Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...
Persistent link: https://www.econbiz.de/10011414855