This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers' pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...

This study examines this endogeneity of worker's acceptable level of mismatch and its impact on workers' performance. First, we construct a theoretical model that depicts the tendency of a potential worker to take a job offer if the firm is ``attractive'' for some reason form them, even when he...

This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers’ pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...

In 2004, Japan abolished part of its spousal exemption regulations. This paper examines, on theoretical and empirical levels, the effects of this tax reform on the income of married women, allowing for heterogeneous effects across income distribution. The empirical results from quantile...

This paper provides a theoretical and empirical analysis of the effect of performance-based layoffs on wage rigidity in the context of performance pay. In the model, it becomes optimal for firms to raise future regular pay to maintain workers' current efforts, which results in downwardly rigid...