Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24419
Authors: 
Franz, Wolfgang
Pfeiffer, Friedhelm
Year of Publication: 
2001
Series/Report no.: 
ZEW Discussion Papers 01-01
Abstract: 
This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for explanations based on collective wage agreements and on efficency wages as well. Collective wage agreements and implicit contracts are important reasons for wage rigidities for the low skilled. Furthermore survey respondents indicate that the reduction of turnover costs, adverse selection and specific human capital in quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany collective wage agreements and firm specific human capital seem to be more important explanations.
Subjects: 
Lohnrigiditäten
Arbeitsrecht
Tarifverträge
Effizienzlohntheorien
?Insider-Outsider?-Theorien
Beschäftigung
JEL: 
K31
J51
J41
J30
Document Type: 
Working Paper

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