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; strategic substitutability ; wage contracts ; contract duration …
Persistent link: https://www.econbiz.de/10003982016
; strategic substitutability ; wage contracts ; contract duration …
Persistent link: https://www.econbiz.de/10003983623
and seasonal effects. The model is estimated with aggregate unemployment duration data, in which we allow for unobserved …
Persistent link: https://www.econbiz.de/10014191498
performance, in particular when the innovative effort is continuous. This paper aims to further the analysis on the duration of R … view of R&D duration within the European countries. Secondly, from a methodological point of view, we employ both discrete …- and continuous-time duration models, in order to test the Proportional Hazards (PH) assumption, i.e. the assumption that …
Persistent link: https://www.econbiz.de/10011705599
We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...
Persistent link: https://www.econbiz.de/10011335237
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...
Persistent link: https://www.econbiz.de/10011318608
We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...
Persistent link: https://www.econbiz.de/10011325980
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or B), and recently approved ("Monti" or M) differ with...
Persistent link: https://www.econbiz.de/10011405887
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …
Persistent link: https://www.econbiz.de/10001545528
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as "prepayment"; the agent receives the completing half after delivering...
Persistent link: https://www.econbiz.de/10003793109