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Risk aversion does not justify the introduction of mandatory unemployment insurance in the shirking model
Fath, Julia; Fuest, Clemens - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2005
The introduction of unemployment insurance is usually thought to increase welfare if workers are sufficiently risk averse. We analyse the effects of introducing mandatory unemployment insurance in the shirking model. Surprisingly, we find that introducing unemployment insurance reduces welfare...
Persistent link: https://www.econbiz.de/10005824135
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Lohnbildung in modernen Arbeitsmärkten: Weder gerecht noch effizient
Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2010
In der Öffentlichkeit wird oft die These vertreten, daß die zunehmende Ungleichheit der Lohneinkommen ökonomisch geboten, wenn auch gesellschaftspolitisch bedenklich sei. In diesem Beitrag wird gezeigt, daß die Lohnbildung in modernen Arbeitsmärkten nicht dem Prinzip der kompensierenden...
Persistent link: https://www.econbiz.de/10008478851
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Der Bruch der Theorie in der Praxis durch Not
Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2005
Some Remarks on Lujo Brentano's View of Labor Market Problems Lujo Brentano (1844-1931) aimed for "realism" in economics. Regarding labor market theory, two topics are of particular interest: His investigations on "Hours and Wages in Relation to Production" (Scribner's 1894) and his analysis "On...
Persistent link: https://www.econbiz.de/10005187283
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Wage Setting in Modern Labor Markets: Neither Fair Nor Efficient
Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2011
The increasing wage inequality in many countries is usually seen as brought about by economic forces that drive for economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge, yet the view that free labor markets drive to...
Persistent link: https://www.econbiz.de/10008924594
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Nash Bargaining, Credible Bargaining and Efficiency Wages in a Matching Model for the US
Malcomson, James; Mavroeidis, Sophocles - Department of Economics, Oxford University - 2010
This paper incorporates Nash bargaining, credible bargaining and efficiency wages as special cases of an over … Nash bargaining, estimates for worker bargaining power and the value of non-work activity are almost identical to those … statistically, as they are for credible bargaining.  Efficiency wages fit the data better, with the over-identifying restrictions …
Persistent link: https://www.econbiz.de/10008690484
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Institutions and Contract Enforcement
Falk, Armin; Huffman, David; Macleod, W. Bentley - Volkswirtschaftliche Fakultät, … - 2011
We provide evidence on how two important types of institutions – dismissal barriers, and bonus pay – affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker...
Persistent link: https://www.econbiz.de/10009004023
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The Uncertain Fair Wage-Effort Hypothesis and Wage Secrecy
Gan, Li - 2001
In this paper, we introduce uncertainty into Akerlof and Yellen (1990)'s fair wage effort hypothesis. In this uncertain fair wage hypothesis, employers do not have perfect information concerning an employee's perception of a fair wage, but assume the perceived fair wage is distributed as a...
Persistent link: https://www.econbiz.de/10014141153
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Measuring Rents from Public Employment : Regression Discontinuity Evidence from Kenya
Barton, Nicholas - 2017
premia may reflect an efficient return to effort or unobserved skills, or an inefficient rent causing labor misallocation. To … 100 percent (not attributable to observed or unobserved skills), but no effect on motivation, suggesting rent-sharing as …
Persistent link: https://www.econbiz.de/10012950519
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What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009
Fabbri, Francesca - 2012
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms...
Persistent link: https://www.econbiz.de/10013108264
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Testing for Efficiency Wages in Iran
Moshiri, Saeed - 2013
owned and large firms pay higher wages than private and smaller firms. They also show that education and skills have …
Persistent link: https://www.econbiz.de/10013090553