An important aim of severance payments is to reduce the economic disadvantages of dismissed employees. However, it may well be the case that a considerable fraction of employees is actually better off, if they are re-employed shortly after their dismissal. This is the first attempt to estimate...

Individuals faced by a tournament can often not only choose their effort level, but also the risk level of their strategy. There are some theoretical contributions on risk-taking in tournaments, which mainly point out disadvantages with respect to exerted effort. Empirical evidence is rare. This...

The impact of wage increases on job satisfaction is explored. First, it is empirically confirmed that current job satisfaction rises with the absolute wage level as well as with wage increases. Second, a basic job satisfaction function is constructed based on the empirical results, and...

This contribution investigates severance payments for dismissed employees in Germany. Particularly, it responds to the following questions: Who receives severance payments? By which characteristics is the level of severance payments determined? Is overcompensation to be considered a relevant...

The internet virtually revolutionized the possibilities of employee recruiting. First of all, this contribution undertakes a description of the market. Then, advantages and possible problems of the recruitment via internet are discussed. The empirical study analyses the issues, which persons...

The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...

In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentive effects compared to adverse effects due to fairness...

Many experiments indicate that most individuals are not purely motivated by material self interest, but also care about the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous inequity (envy) and advantageous inequity (compassion)....

Purpose – Given the ongoing demographic change in European countries, this paper aims to explore empirically the link between age structures of employees in firms and firm performance. Design/methodology/approach – Based on theoretical considerations, the paper examines the link between both...

Based on data from the German Socio-Economic Panel of the years 2001-2012, we investigate determinants of temporary agency work. Moreover, we explore possible explanations for differences between temp and regular workers as well as unemployed people regarding their work and life satisfaction....