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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
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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
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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
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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
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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
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Uncertainty and the Politics of Employment Protection
Vindigni, Andrea - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion...
Persistent link: https://www.econbiz.de/10005859642
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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
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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
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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
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Wage Effects of Recruitment Methods : The Case of the Italian Social Service Sector
Mosca, Michele; Pastore, Francesco - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
public competitions brings with it a substantial wage premium (ranging from 7 to 32%). Informal networks bring with them a … wage penalty (-6.5%) in the state sector, where formal hiring methods are common, and a wage premium (6.3%) in social … in job search methods between state and private organisations explain from 50% to 100% of the conditional wage …
Persistent link: https://www.econbiz.de/10005860262