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Trust in public institutions over the business cycle

Stevenson, Betsey; Wolfers, Justin - 2011

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions and particularly trust in banks, business and government has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …

Persistent link: https://www.econbiz.de/10010278438

The Spot Market Matters : Evidence on Implicit Contracts from Britain

Devereux, Paul J.; Hart, Robert A. - 2005

Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individuallevel data taken from the...

Persistent link: https://www.econbiz.de/10010262212

Do the selfish mimic cooperators? Experimental evidence from finitely-repeated labor markets

Roe, Brian E.; Wu, Steven Y. - 2009

Experimental studies have consistently shown that cooperative outcomes can emerge even in finitely repeated games. Such outcomes are justified by existing reputation building models, which suggest that cooperative outcomes can be sustained if some subjects have other-regarding preferences. While...

Persistent link: https://www.econbiz.de/10010269268

Implicit contracts, unemployment, and labor market segmentation

Altmann, Steffen; Falk, Armin; Huffman, David - 2010

We analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit...

Persistent link: https://www.econbiz.de/10010269827

Competition and relational contracts: the role of unemployment as a disciplinary device

Brown, Martin; Falk, Armin; Fehr, Ernst - 2008

When unemployment prevails, relations with a particular firm are valuable for workers. As a consequence, a worker may adhere to an implicit agreement to provide high effort, even when performance is not third-party enforceable. But can implicit agreements - or relational contracts - also...

Persistent link: https://www.econbiz.de/10010268823

Workplace performance, worker commitment and loyalty

Brown, Sarah; McHardy, Jolian; McNabb, Robert; Taylor, Karl - 2011

Using matched employer-employee level data drawn from the 2004 UK Workplace and Employee Relations Survey, we explore the determinants of a measure of worker commitment and loyalty (CLI) and whether CLI influences workplace performance. Factors influencing employee commitment and loyalty include...

Persistent link: https://www.econbiz.de/10010285519

Who benefits from benefits? Empirical research on tangible incentives

Hammermann, Andrea; Mohnen, Alwine - 2012

Although a broad field of literature on incentive theory exists, employer-provided tangible goods (hereafter called benefits) have so far been neglected by economic research. A remarkable exception is an empirical study by Oyer (2008). In our study, we test some of his findings by drawing on a...

Persistent link: https://www.econbiz.de/10010282164

Does Monitoring Decrease Work Effort? : The Complementarity Between Agency and Crowding-Out Theories

Dickinson, David; Villeval, Marie-Claire - 2004

Agency theory assumes that tighter monitoring by the principal should motivate the agent to raise his effort level whereas the ?crowding-out? literature suggests that it may reduce the overall work effort. These two assertions are not necessarily contradictory provided that the nature of the...

Persistent link: https://www.econbiz.de/10010261972

Team governance: empowerment or hierarchical control

Friebel, Guido; Schnedler, Wendelin - 2007

output. Moreover, interventions may hinder the development of a cooperative organizational culture in which workers trust …

Persistent link: https://www.econbiz.de/10010268432

Trust in Public Institutions over the Business Cycle

Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2011

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions – and particularly trust in banks, business and government – has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …

Persistent link: https://www.econbiz.de/10008868129