Economic development presumes not only the existence of formal institutions such as property rights and the rule of law under which behave economic agents, but also certain norms or social values that promote exchange, savings and investments. In this context, we discuss cultural dimension of...

We analyze a standard employee selection model given two institutional constraints: First, professional experience perfectly substitutes insufficient formal education for insiders while this substitution is imperfect for outsiders. Second, in the latter case the respective substitution rate...

The modern technique makes the human effort easier and increases the effectiveness enlarged the area and the variety of demands by adding many aspects or many unknown in the man-demand relationship. In these circumstances, it is justified and normal the modern society concern for more rational...

This paper summarizes the findings of studies which investigate the determinants of wages in Germany, using data of the German Socioeconomic Panel (GSOEP). The empirical analyses apply least squares estimates as well as the estimators developed by Altonji and Shakotko (1987) and Topel (1991)....

We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...

We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...

We investigate the relationship between co-determination at the plant level and paid vacation in Germany. From a legal perspective, works councils have no impact on vacation entitlements, but they can affect their use. Employing data from the German Socio-Economic Panel (SOEP), we find that male...

About one in four workers challenges her dismissal in front of a labor court in France. Using a data set of individual labor disputes brought to French courts over the years 1996 to 2003, we examine the impact of labor court activity on labor market flows. First, we present a simple theoretical...