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Strike Pay and Employers' Strike Insurance

Goerke, Laszlo - 2001

raise strike activity. If strike pay and an employers' insurance are combined, strikes may become less probable …

Persistent link: https://www.econbiz.de/10014151126

Rebellion Against Reason? A Study of Expressive Choice and Strikes

Brunnschweiler, Christa N.; Jennings, Colin; MacKenzie, … - 2012

In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …

Persistent link: https://www.econbiz.de/10014168651

Wage-hours contracts, overtime working and premium pay

Hart, Robert A. (contributor); Ma, Yue (contributor) - 2008

This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … closely to earlier developments in hedonic wage theory. Throughout, we emphasise the intuitive reasoning behind the theory and …

Persistent link: https://www.econbiz.de/10003771694

Why Do Firms Pay an Overtime Premium?

Hart, Robert A.; Ma, Yue - 2021

We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...

Persistent link: https://www.econbiz.de/10013321266

A Rent Extraction View of Employee Discounts and Benefits

Marino, Anthony M.; Zabojnik, Jan - 2006

We offer a novel view of employee discounts and in kind compensation. In our theory, bundling perks and cash …

Persistent link: https://www.econbiz.de/10014028785

Signaling in the ‘Before’ Model of Final Offer Arbitration

Farmer, Amy; Pecorino, Paul - 2021

We develop a signaling model of final offer arbitration (FOA) in which the informed party makes the final settlement …

Persistent link: https://www.econbiz.de/10013246967

Heterogeneous Social Preferences, Screening, and Employment Contracts

von Siemens, Ferdinand - 2011

This paper studies a monopsonistic firm's optimal employment contracts if workers have private information on both their propensity for social comparisons and their ability. Employees of the firm are taken to form their own distinct reference group. It is shown that screening workers with equal...

Persistent link: https://www.econbiz.de/10014195101

Asymmetric information in external versus internal promotions

Bossler, Mario; Grunau, Philipp - 2016

Individuals have two possible channels through which to obtain a managerial position: external and internal promotions. Employing the revised German Employment Register, we compare external and internal promotions by using multinomial logit regressions while accounting for workplace...

Persistent link: https://www.econbiz.de/10011448114

On strike insurance

Goerke, Laszlo; Schnabel, Claus - 2002

A strike insurance is integrated into a model based on one-sided private information of the firm. It is shown that the strike insurance will increase the dispute level if payments to the insurance are lump-sum or if payments from the insurance are proportional to wages. However, if wages affect...

Persistent link: https://www.econbiz.de/10010509848

Wages, hours and human capital over the life cycle

Hart, Robert A.; Ma, Yue - 2000

We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...

Persistent link: https://www.econbiz.de/10011325980