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Kräkel, Matthias; Schöttner, Anja - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 491-509

We show that establishing an internal labor market by offering combined contracts across hierarchy levels strictly dominates external recruitment when workers are homogeneous. The reason is that only an internal labor market can exploit higher tier rents for incentive provision on lower tiers....

Persistent link: https://www.econbiz.de/10011048204

Wage Structure and the Incentive Effect of Promotions

Herpen, Marco van; Cools, Kees; Praag, Mirjam van - Tinbergen Instituut - 2004

This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...

Persistent link: https://www.econbiz.de/10011257489

Optimal incentive contracts for a worker who envies his boss : presented at CESifo Venice Summer Institute, Workshop on Dissecting Globalization, July 2004

Dur, Robert A. J.; Glazer, Amihai - 2004

A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …

Persistent link: https://www.econbiz.de/10011450877

Returns to Tenure or Seniority

Buhai, Sebastian; Portela, Miguel; Teulings, Coen; … - Faculty of Economics, University of Cambridge - 2013

This study documents two empirical facts using matched employer-employee data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm. Second, workers’ wages rise with seniority (= a worker’s tenure relative to the tenure of her colleagues). The...

Persistent link: https://www.econbiz.de/10011015264

How wages respond to shocks: asymmetry in the speed of adjustment

Rõõm, Tairi; Dabusinskas, Aurelijus - 2011

The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...

Persistent link: https://www.econbiz.de/10011605386

Wage rigidities and business cycle fluctuations: A linked employer-employee analysis

Adamopoulou, Effrosyni; Bobbio, Emmanuele; De … - In: IZA Journal of Labor Policy 5 (2016) 22, pp. 1-32

This paper analyses wage dynamics in Italy in the last 25 years with a special focus on the recent recession. Despite the rather rigid Italian institutional setting, using linked employer-employee data we find that wage rigidities, albeit always present, have been subdued during the recessionary...

Persistent link: https://www.econbiz.de/10011986219

Wage rigidities and business cycle fluctuations : a linked employer-employee analysis

Adamopoulou, Effrosyni; Bobbio, Emmanuele; De … - In: IZA journal of labor policy 5 (2016) 22, pp. 1-32

Persistent link: https://www.econbiz.de/10011709742

How wages respond to shocks : asymmetry in the speed of adjustment

Rõõm, Tairi; Dabušinskas, Aurelijus - Eesti Pank - 2011

The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms' wage setting behaviour on the basis of managerial surveys, with...

Persistent link: https://www.econbiz.de/10009019056

Wages, Training and Job Turnover in a Search-Matching Model

Rosholm, Michael; Svarer, Michael - 2000

In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen (2000) to allow for different offer arrival rates in employment and unemployment. The model by Mortensen changes the original wage posting model (Burdett and Mortensen, 1998) in...

Persistent link: https://www.econbiz.de/10010262429

Wages, training and job turnover in a search-matching model

Rosholm, Michael; Svarer, Michael - 2000

Persistent link: https://www.econbiz.de/10011339694