Narrow search
Showing 1 - 10 of 248
Cover Image
Limited Commitment Models of the Labour Market
Thomas, Jonathan; Worrall, Tim - CESifo - 2007
We present an overview of models of long-term self-enforcing labor contracts in which risk sharing is the dominant motive for contractual solutions. A base model is developed which is sufficiently general to encompass the two-agent problem central to most of the literature, including variable...
Persistent link: https://www.econbiz.de/10005766123
Cover Image
A Competitive Model of Worker Replacement and Wage Rigidity
Snell, Andy; Thomas, Jonathan; Wang, Zhewei - CESifo - 2014
can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there …
Persistent link: https://www.econbiz.de/10010737510
Cover Image
The Optimal Distribution of the Tax Burden over the Business Cycle
Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - CESifo - 2013
observations on wage (skill premium) and wealth inequality. We find that the tax rate for high income agents is optimally the least …
Persistent link: https://www.econbiz.de/10010711142
Cover Image
Incentive Contracts and Efficient Unemployment Benefits
Demougin, Dominique; Helm, Carsten - CESifo - 2009
levels and labor productivity. In our model, a higher level of unemployment benefits improves the works position in wage …
Persistent link: https://www.econbiz.de/10004979416
Cover Image
Workfare in an Efficiency Wage Model
Meier, Volker - CESifo - 2002
The impacts of introducing work requirements for welfare recipients are studied in an efficiency wage model. If the … impact on the net wage is ambiguous. Changes of utility levels of employed and unemployed workers have the same sign as the … variation in the net wage. The possibility of a Pareto improvement may explain the widespread support for welfare to work …
Persistent link: https://www.econbiz.de/10005406407
Cover Image
Returns to Tenure or Seniority?
Buhai, Sebastian; Portela, Miguel; Teulings, Coenraad N.; … - CESifo - 2008
firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between …
Persistent link: https://www.econbiz.de/10005181342
Cover Image
Employee Referral, Social Proximity and Worker Discipline: Theory and Evidence from India
Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - CESifo - 2013
We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...
Persistent link: https://www.econbiz.de/10010674452
Cover Image
CEO Compensation
Frydman, Carola; Jenter, Dirk - CESifo - 2010
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10008799732
Cover Image
Uniform and Nonuniform Staggering of Wage Contracts
Danziger, Leif - CESifo - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as …
Persistent link: https://www.econbiz.de/10008596597
Cover Image
Analysis of Labor Tax Progression under Heterogeneous Domestic Labor Markets and Flexible Outsourcing
Koskela, Erkki - CESifo - 2010
What are the impacts of labor tax reform on wage setting and employment to keep the relative tax burden per low … raising the wage tax and the tax exemption for the low-skilled workers will decrease the wage rate and increase labor demand … when the elasticity of substitution between consumption and leisure is higher (lower) than one. A higher degree of wage tax …
Persistent link: https://www.econbiz.de/10008727293