We study compensation packages in family and non-family firms. Using matched employeremployeedata for a representative sample of French establishments, we first show thatfamily firms pay on average lower wages to their workers. We find that part of this wage gapis due to differences in...

This paper studies how a preference for consistency can affect economic decision-making.We propose a two-period model where people have a preference for consistency becauseconsistent behavior allows them to signal personal and intellectual strength. We then presentthree experiments that study...

Using several unique data sets on wage agreements at both industry and firm levels inFrance, we document stylized facts on wage stickiness and the impact of wage-settinginstitutions on wage rigidity. First, the average duration of wages is a little less than one yearand around 10 percent of...

Despite numerous studies on labor supply, the size of elasticities is rarely comparable acrosscountries. In this paper, we suggest the first large-scale international comparison ofelasticities, while netting out possible differences due to methods, data selection and theperiod of investigation....

This paper presents the results of a field study at a large financial services firm that combinesmultiple methods, including two economic experiments, to measure ethical norms and theirbehavioral correlates. Standard survey questions eliciting ethical evaluations of actions in on-thejobethical...

The tendency to underestimate the future value of a variable growing at a constant rate, anexample of exponential growth bias, has been linked to household financial decision making.We show that exponential growth bias and standard measures of financial literacy arenegatively correlated in a...

We measure labor market frictions using a strategy that bridges design-based and structuralapproaches: estimating an equilibrium search model using reduced-form minimum wageelasticities identified from border discontinuities and fitted with Bayesian and LIML methods.We begin by providing the...

This paper aims at identifying the labour share (wage-productivity gap) as a major factor inthe evolution of inequality and employment. To this end, we use annual data for the US, UKand Sweden over the past forty years and estimate country-specific systems of labourdemand and Gini coefficient...

In this paper we study the joint decision process of changing the structure of jobs and layingoff individual workers in a firm that downsizes its workforce. A hierarchical decision model isproposed and estimated using personnel data from a firm in demise comparing thecharacteristics of the...

This article puts the relationship between wage dispersion and firm productivity to an updatedtest, taking advantage of access to detailed Belgian linked employer-employee panel data.Controlling for simultaneity issues, time-invariant workplace characteristics and dynamics inthe adjustment...