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In this paper I address the question to what extent wages are affected by product market uncertainty. Implicit contract …
Persistent link: https://www.econbiz.de/10013316455
In this paper we use a very large matched database on firms and employees to analyze the use of temporary agencies by low earners, and to estimate the impact of temp employment on subsequent employment outcomes for these workers. Our results show that, while temp workers have lower earnings than...
Persistent link: https://www.econbiz.de/10013316758
countries. We find that contract teachers do relatively better for low ability children in low grades than for high ability … seems that contract teachers do a relatively better job for teaching students with learning difficulties than for teaching … the 'more advanced' children. This implies that contract teachers tend to reduce inequalities in student outcomes. At the …
Persistent link: https://www.econbiz.de/10013317046
This paper analyses a model in which firms cannot pay discriminate based on year of entry to a firm, and develops an equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that workers can costlessly quit jobs at any time. Firms on...
Persistent link: https://www.econbiz.de/10013317355
Young professionals typically do not enter into life-long employment relations with a single firm. Therefore, future employers can learn about individuals' abilities from the observable facts regarding earlier work relations. We show that these informational spill-overs have profound...
Persistent link: https://www.econbiz.de/10013318139
for the propensity to negotiate a firm-specific contract. Consistent with the worker-level models, we find that firm …
Persistent link: https://www.econbiz.de/10013318855
This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation and sometimes give...
Persistent link: https://www.econbiz.de/10013319199
We introduce financial constraints in a theoretical analysis of illegal immigration. Intermediaries finance the migration costs of wealth-constrained migrants, who enter temporary servitude contracts to pay back the debt. These debt/labor contracts are more easily enforceable in the illegal than...
Persistent link: https://www.econbiz.de/10013319525
The impact of transparency on the extent of reciprocal behavior is investigated in a simple repeated gift exchange experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals' payoffs are determined by a random component. It is...
Persistent link: https://www.econbiz.de/10013319706
changes in contract provisions …
Persistent link: https://www.econbiz.de/10013319849