Performance pay has been shown to have important implications for worker and firm productivity. Although workers' skills may directly matter for the cost of effort to reach performance goals, surprisingly little is know about the heterogeneity in the effects of incentive pay across workers. In...

If a profit-maximising firm credibly commits to an employment-enhancing Corporate Social Responsibility (CSR) objective in negotiations with a trade union, the union can reduce its wage demands. Lower wages, ceteris paribus, raise profits, while the increase in employment enhances the payoff of...

Entry in a homogeneous Cournot oligopoly can be excessive if there is business stealing. Since this excessive entry prediction has been established, a variety of circumstances have been identified which allow for insufficient entry, despite the business stealing externality. This paper shows...

This study investigates a neglected determinant of adolescents' dietary behaviors: the within-class age difference, in isolation from confounding factors (e.g., absolute age, season-of-birth, and countries' specific characteristics, such as expected age at school start). We study a multi-country...

This paper examines the causal effects of television exposure on individual decisions regarding marriage, divorce, and family planning by utilizing a natural experiment in the German Democratic Republic during the period of German division. I exploit the fact that individuals in some East German...

Managers frequently offer unconditional bonuses and profit-sharing payments to their employees. The isolated effects of the former payment type on job satisfaction, in particular, have received little empirical attention. This study uses German panel data and shows that, even when total income...

The degree of access granted to employees to a firm's critical asset is a pivotal organizational decision. This access can boost the employees' productivity within the firm but also enables them to become competitors after leaving, leading to a holdup problem. Economic theory suggests that...

Do trade unions benefit from economic crises by attracting new members among workers concerned about job security? To address this question, we provide a comprehensive empirical investigation based on panel data from Germany, where workers individually decide on their membership. We analyse...

We analyse in what way co-determination affects non-compliance with the German minimum wage, which was introduced in 2015. The Works Constitution Act (WCA), the law regulating co-determination at the plant level, provides works councils with indirect means to ensure compliance with the statutory...

This paper examines the role of individuals' emotions in determining their concerns about international migration. For the empirical analysis, we exploit the previously less explored information in the German Socio-Economic Panel (SOEP) data on individuals' negative emotions, e.g., anger, fear,...