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We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012245105
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012248856
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012241772
, die gleichzeitig Arbeitgeber und Beruf wechseln, stärker auf den Konjunkturzyklus reagieren als Arbeitnehmer, die weder … Arbeitgeber noch Beruf wechseln. Wenn Arbeitnehmer beim gleichen Arbeitgeber in einen neuen Beruf wechseln oder aber im gleichen … Beruf bleiben und den Arbeitgeber wechseln, sind sie ähnlich reagibel wie wenn sie beim gleichen Arbeitgeber im gleichen …
Persistent link: https://www.econbiz.de/10011544266
Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we find strong evidence for history dependent wages,...
Persistent link: https://www.econbiz.de/10012027613
Using employer-employee data from Germany, this paper analyzes the relationship between wages and past and contemporaneous labor market conditions. Specifically, we test the implications of implicit contract models (Beaudry and DiNardo, 1991) and an on-the-job search model (Hagedorn and...
Persistent link: https://www.econbiz.de/10011756338
This research presents evidence on how the impact of industry concentration and unionism affect the Portuguese wage levels. The influence of employer association is also considered. We use sector information - two-digit level disaggregation of "Classificação das Actividades Económicas" -, and...
Persistent link: https://www.econbiz.de/10011870141
Among the oldest and most pervasive economic institutions are bonded labor and serfdom. While seemingly exploitative, both bonded labor and serfdom are often not imposed on the laborers but voluntarily chosen. It is generally the lack of suitable alternatives which makes workers opt for a life...
Persistent link: https://www.econbiz.de/10014123073
Among the oldest and most pervasive economic institutions are bonded labor and serfdom. While seemingly exploitative, both bonded labor and serfdom are often not imposed on the laborers but voluntarily chosen. It is generally the lack of suitable alternatives which makes workers opt for a life...
Persistent link: https://www.econbiz.de/10014123331
We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through negotiations. The negotiated profit share depends positively on the relative bargaining power of the trade union and it has...
Persistent link: https://www.econbiz.de/10010261570