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Equilibrium Wage Arrears: A Theoretical and Empirical Analysis of Institutional Lock-In

Earle, John S.; Sabirianova, Klara Z. - Institute for the Study of Labor (IZA) - 2000

We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...

Persistent link: https://www.econbiz.de/10005822557

Wage Growth and Inequality Change During Rapid Economic Transition

Gang, Ira N.; Stuart, Robert C.; Yun, Myeong-Su - Department of Economics, Rutgers University-New Brunswick - 2006

East Germany, a unique socialist command economy prior to the 1990s, underwent rapid transition to a market …-oriented economic system. This transition has been of intense interest given the environment of Eastern Germany vis-a-vis Western … Germany, a setting different from most other transition economies. However, changes in the Eastern wage structure during …

Persistent link: https://www.econbiz.de/10005839088

Wage and Pension Pressure on the Polish Budget

Crombrugghe, Alain L de - C.E.P.R. Discussion Papers - 1997

compared to other income also explains part of the burden. Part of the employment loss and of the social expenditure can be …

Persistent link: https://www.econbiz.de/10005136543

Complementarity and Custom in Contract Violation

Earle, John S.; Peter, Klara Sabirianova - W.E. Upjohn Institute for Employment Research - 2006

We analyze a model of wage delay in which strategic complementarity arises because each employer's costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...

Persistent link: https://www.econbiz.de/10005141942

Innovativeness and intangibles in transition: the case of Slovenia

Verbic, Miroslav; Polanec, Sašo - Volkswirtschaftliche Fakultät, … - 2011

Corrado et al. (2005) and analyses the role of intangibles in the Slovenian economy during the transition. By examining the … average worker. The dynamic of changes was gradual during the transition. The capitalization of intangibles implied an average …

Persistent link: https://www.econbiz.de/10009151294

United, yet apart? A note on persistent labour market differences between Western and Eastern Germany

Schnabel, Claus - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2015

Comparing aggregate statistics and surveying selected empirical studies, this paper shows that the characteristics and results of labour markets in eastern and western Germany have become quite similar in some respects but still differ markedly in others even 25 years after unification. Whereas...

Persistent link: https://www.econbiz.de/10011252697