Search Results - subject:"implicit contracts"

Exploring employer-employee relationship : a psychological contract breach-exit voice and loyalty effect mediated by the dark triad

Mmamel, Uche; Abugu, James O.; Ilechukwu, Leo; Ogbo, … - In: South African journal of business management 52 (2021) 1, pp. 1-13

Purpose: To understand the underlying employer-employee relationships when there are weak labour laws and high unemployment, we tested a mediation of the 'Dirty Dozen' - 12 - items measuring the dark triad (Machiavellianism, psychopathy and narcissism) on the Psychological Contract Breach (PCB)...

Persistent link: https://www.econbiz.de/10012601243

The dynamics of working hours and wages under implicit contracts

Guerrazzi, Marco; Giribone, Pier Giuseppe - 2021

In this paper, we explore the dynamics of working hours and wages in a model economy where a firm and its workforce are linked to each other by an implicit contract. Specifically, we develop a deterministic and a stochastic framework in which the firm sets its level of labour utilization by...

Persistent link: https://www.econbiz.de/10012500947

Idealism, disillusionment, and cynicism in response to values (in)congruences in U.K. nonprofit organizations : an exploratory study

Sanderson, Zoe - In: Nonprofit and voluntary sector quarterly : journal of … 50 (2021) 6, pp. 1150-1169

Persistent link: https://www.econbiz.de/10012794845

Renegotiation of long‐term contracts as part of an implicit agreement

Kostadinov, Rumen - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1471-1512

I study a repeated principal-agent game with long‐term output contracts that can be renegotiated at will. Actions are observable but not contractible, so they can only be incentivized through implicit agreements formed in equilibrium. I show that contract renegotiation is a powerful tool for...

Persistent link: https://www.econbiz.de/10012806553

The Spot Market Matters : Evidence on Implicit Contracts from Britain

Devereux, Paul J.; Hart, Robert A. - 2021

market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males … previous studies that used North American data, the spot market is found to be more important than implicit contracts in … determining real wages. Indeed, there is very little support for implicit contracts in these data. Further evidence is provided …

Persistent link: https://www.econbiz.de/10013318695

Temporary Layoffs and Unemployment Insurance : Is Experience Rating Desirable?

Fuest, Clemens - 2021

welfare in a model where implicit contracts between firms and workers give rise to wage rigidities and unemployment. In the …

Persistent link: https://www.econbiz.de/10013320626

Trust Breeds Trust : How Taxpayers are Treated

Feld, Lars P.; Frey, Bruno S. - 2021

Tax compliance has been studied in economics by analysing the individual decision of a representative person between paying and evading taxes. A neglected aspect of tax compliance is the interaction of taxpayers and tax authorities. The relationship between the two actors can be understood as an...

Persistent link: https://www.econbiz.de/10013321114

Fair Pay and a Wagebill Argument for Wage Rigidity and Excessive Employment Variability

Thomas, Jonathan P. - 2021

This paper considers a two-period optimal contracting model in which firms make new hires in the second period subject to the constraint that they cannot pay discriminate either against or in favour of the new hires. Under an assumption on the information available to workers, it is shown that...

Persistent link: https://www.econbiz.de/10013321277

Economic Integration and Labor Market Institutions : Worker Mobility, Earnings Risk, and Contract Structure

Schöb, Ronnie; Wildasin, David E. - 2021

This paper investigates the effects of labor market integration, in the form of worker mobility, in a model with long-term labor contracts that lead to wage rigidities and unemployment. Increased mobility leads to more flexible labor market institutions in which firms can more easily vary the...

Persistent link: https://www.econbiz.de/10013321423

How transformational leadership, psychological contract violation, empowerment and affective commitment influence employee's intention to quit an organisation

Samuel, Michael Olorunjuwon; Engelbrecht, Amos S. - In: South African journal of business management 52 (2021) 1, pp. 1-12

Purpose: The first aim of this article is to assess the influence of transformational leadership and some selected psychological constructs on employee's intention to quit an organisation. The second aim is to develop and validate a conceptual model that depicts the linear relationships amongst...

Persistent link: https://www.econbiz.de/10013190440