Profit-maximizing firms should fill job positions at the lowest possible cost. Because employees may have preferences over the attributes of their jobs, we can view this problem as one of finding the optimal way to sell job attributes to potential employees. In this paper, we characterize the...

Für diese Studie zur Scheinselbständigkeit (in Kooperation mit dem Bundesministerium für Arbeit und Soziales) hat das IAB 4.500 Personen zu ihrer Erwerbstätigkeit und sozialen Lage befragt. Die quantitative Untersuchung greift zur Bestimmung von Scheinselbständigkeit auf ein Rechtsgutachten...

Recent theoretical research has identified many ways how contracts can be used as rent-seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...

We perform a theoretical and empirical analysis of the impact of transfer fee regulations on professional soccer in Europe. Based on a model on the interaction of moral hazard and heterogeneity, we show (i) how the regulations effect contract durations and wages, (ii) that contracting parties...

According to the Hutchens (1999) model, early retirement is not explained as a result of maximizing expected individual utility but rather as a demand-side phenomenon arising from a firm's profit-maximizing behaviour. Firms enter into contracts with their employees that include clauses about...

Recent theoretical research has identified many ways how contracts can be used as rent seeking devices vis-à-vis third parties, but there is no empirical evidence on this issue so far. To test some basic qualitative properties of this literature, we develop a theoretical and empirical framework...

The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...

The paper investigates the influence of three different wage-setting regimes (industry-wide collective contracts, firm-level contracts, and individual contracts) on the level and the dispersion of wages. The analysis uses the Salary and Wage Structure Survey for Lower Saxony, Germany. The...