positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively …

firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between …

different hourly wage rates. In the proposed analysis, the contract theory approach is applied, contributing to explain how in …-discriminating setting the model reveals the possibility of a paradoxical situation in which the less demanding workers obtain a higher wage …

This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as … theoretical insights emerge both on the equilibrium wage structure and the incentive problem faced by workers and firms. Since …-term contracts are converted into open-ended contracts is itself an incentive device which acts as a substitute for the wage. It …

, placed in the same working conditions, are assigned contracts involving, in particular, different hourly wage rates. This … workers obtain a higher wage rate. A mixed employment regime always requires a minimum number (a quantum) of most demanding …

We examine the use of noncompete agreements (NCAs) and their relationship with wage bargaining and wage outcomes using … patterns are broadly consistent with prior research. The NCA-wage correlation is positive and highly sensitive to controls for … what the baseline level of the NCA-wage differential is, some heterogeneous effects are more stable: the NCA-wage …