Psychological contracts represent unofficial or informal expectations that an individual holds, most commonly applied to an employer–employee relationship. Understanding psychological contracts helps explain the consequences of unmet expectations, including increased budgetary slack and...

Objective – Organizational changes and transformations are common phenomenon these days. Changes may lead to the breach of psychological contract of employer-employee expectation on the employment thus affect employee's job satisfaction. This study was conducted with the aim to identify the...

Firms often combine career concerns based incentives with incentives created through relational performance contracts. In this context, disclosure of worker's productivity information enhances career concerns based incentives, but may reduce the firm's ability to sustain relational contracts....

Using employer-employee data from Germany, this paper analyzes the relationship between wages and past and contemporaneous labor market conditions. Specifically, we test the implications of implicit contract models (Beaudry and DiNardo, 1991) and an on-the-job search model (Hagedorn and...