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A note on the impact of procedures in strike models : the case of bargaining structure
Goerke, Laszlo - 1997
For a two-period screening model of strikes it is shown that joint bargaining instead of enterprise negotiations lowers … wages and implies more strikes. These results hold irrespective of the party possessing private information. The sensitivity …
Persistent link: https://www.econbiz.de/10009755226
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Asymmetric information in the labor market, immigrants and contract menu
Kar, Saibal; Saha, Bibhas Chandra - 2011
Immigrant workers and their labor force participation in host countries have received critical attention in all concerned disciplines, principally owing to its strong implications for well-being of natives. The ageing population in many rich countries and several related and unrelated issues...
Persistent link: https://www.econbiz.de/10009230711
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Why do firms pay an overtime premium?
Hart, Robert A.; Ma, Yue - 2000
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
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Rebellion against reason? : a study of expressive choice and strikes
Brunnschweiler, Christa N.; Jennings, Colin C.; … - 2012
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10009552914
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Wage-hours contracts, overtime working and premium pay
Hart, Robert A. (contributor); Ma, Yue (contributor) - 2008
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … closely to earlier developments in hedonic wage theory. Throughout, we emphasise the intuitive reasoning behind the theory and …
Persistent link: https://www.econbiz.de/10003771694
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Asymmetric information in external versus internal promotions
Bossler, Mario; Grunau, Philipp - 2016
Individuals have two possible channels through which to obtain a managerial position: external and internal promotions. Employing the revised German Employment Register, we compare external and internal promotions by using multinomial logit regressions while accounting for workplace...
Persistent link: https://www.econbiz.de/10011448114
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On strike insurance
Goerke, Laszlo; Schnabel, Claus - 2002
A strike insurance is integrated into a model based on one-sided private information of the firm. It is shown that the strike insurance will increase the dispute level if payments to the insurance are lump-sum or if payments from the insurance are proportional to wages. However, if wages affect...
Persistent link: https://www.econbiz.de/10010509848
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Wages, hours and human capital over the life cycle
Hart, Robert A.; Ma, Yue - 2000
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
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Transfer fee regulations in European football
Feess, Eberhard; Mühlheußer, Gerd - 2002
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
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Pay and productivity in a corporatist economy : evidence from Austria
Fuess, Scott M.; Millea, Meghan - 2001
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …
Persistent link: https://www.econbiz.de/10001545528