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"We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer's arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
Persistent link: https://www.econbiz.de/10002553127
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
Persistent link: https://www.econbiz.de/10002348681
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer's arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on panel...
Persistent link: https://www.econbiz.de/10013319177
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We investigate how workers' performance is affected by the timing of wages in a real-effort experiment. In all … wages by small amounts raises performance by about 15% relative to a constant wage. The effort reactions can be organized by … a model in which agents reciprocally respond to wage impulses, comparing wages to an adaptive reference standard …
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