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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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align public sector compensation to private wages inlow-skilled professions …
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wage, and align public sector compensation to private wages in low-skilled professions …
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Individuals who compete in a contest-like situation (for example, in sports, in promotion tournaments, or in an appointment contest) may have an incentive to illegally utilize resources in order to improve their relative positions. We analyze such doping or cheating within a tournament game...
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The increase in female employment and participation rates is one of the most dramatic economic changes to have taken place during the last century. However, while the employment rate of married women more than doubled during the last fifty years, that of unmarried women remained almost constant....
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In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...
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