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  1. Equilibrium wage arrears
    a theoretical and empirical analysis of institutional lock-in
    Published: 2000
    Publisher:  IZA, Bonn

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1194 (196)
    Unlimited inter-library loan, copies and loan
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    98/464 B-196
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 196
    Subjects: Lohn; Verbindlichkeiten; Hysterese; Lohntheorie; Arbeitsmarkttheorie; Betrieblicher Konflikt; Systemtransformation; Schätzung; Theorie; Russland; Lohnrückstände; wage arrears
    Scope: 33 S, graph. Darst
    Notes:

    Literaturverz. S. 30 - 33

  2. Equilibrium wage arrears
    a theoretical and empirical analysis of institutional lock-in
    Published: Oct. 2000
    Publisher:  William Davidson Inst., Ann Arbor, Mich.

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1158 (321)
    No inter-library loan
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: [Elektronische Ressource]
    Series: William Davidson Institute working papers ; 321
    Subjects: Lohn; Verbindlichkeiten; Hysterese; Lohntheorie; Arbeitsmarkttheorie; Betrieblicher Konflikt; Systemtransformation; Schätzung; Theorie; Russland; Soziale Beziehungen; Lohnrückstände; wage arrears
    Scope: Online-Ressource, 34, [11] p., text
  3. Equilibrium wage arrears
    a theoretical and empirical analysis of institutional lock-in
    Published: 2000
    Publisher:  IZA, Bonn

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    DDC Categories: 330; 380; 650; 670
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; No. 196
    Subjects: Gehalt; Lohn; Verbindlichkeiten; Hysterese; Lohntheorie; Arbeitsmarkttheorie; Betrieblicher Konflikt; Systemtransformation; Schätzung; Theorie; :z Geschichte 1995-1998
    Other subjects: (stw)1995-1998; (stw)Lohn; (stw)Verbindlichkeiten; (stw)Hysterese; (stw)Lohntheorie; (stw)Arbeitsmarkttheorie; (stw)Betrieblicher Konflikt; (stw)Systemtransformation; (stw)Schätzung; (stw)Theorie; (stw)Russland; Lohnrückstände; wage arrears; Lohnrückstände; wage arrears; Arbeitspapier; Graue Literatur
    Scope: 33, [12] S., graph. Darst., 21 cm
    Notes:

    Literaturverz. S. 30 - 33

  4. Equilibrium wage arrears
    a theoretical and empirical analysis of institutional lock-in
    Published: 2000
    Publisher:  Institute for the Study of Labor (IZA), Bonn

    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... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (196)
    No inter-library loan

     

    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 externality or strategic complementarity in the adoption of the practice. We study the case of three equilibria, distinguishing two that are stable: the "punctual payment equilibrium" and the "late payment equilibrium." Our econometric analysis of linked employer-employee data for Russia supports the model's contention that the firm's costs of wage arrears - as embodied in worker effort, quit and strike behavior, and the probability of legal penalties - are attenuated by arrears in the local labor market. We estimate the arrears reaction function implied by the model, showing that it exhibits strongly positive feedback, and that the theoretical conditions for multiple equilibria under symmetric local labor market competition are satisfied in 1995 and 1998. Simulation results imply a late payment equilibrium characterized by six monthly overdue wages for a typical worker in 1995 and nine in 1998.

     

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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/21040
    Series: IZA Discussion paper series ; 196
    Subjects: Lohn; Verbindlichkeiten; Hysterese; Lohntheorie; Arbeitsmarkttheorie; Betrieblicher Konflikt; Systemtransformation; Schätzung; Theorie; Russland; Lohnrückstände; wage arrears
    Scope: Online-Ressource ([2], 33, [11] S.), graph. Darst.