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dc.contributor.authorAltmann, Steffenen_US
dc.contributor.authorFalk, Arminen_US
dc.contributor.authorHuffman, Daviden_US
dc.date.accessioned2010-06-22en_US
dc.date.accessioned2010-07-23T09:34:04Z-
dc.date.available2010-07-23T09:34:04Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36857-
dc.description.abstractWe analyze the impact of imperfect contract enforcement on the emergence of unemployment. In an experimental labor market where trading parties can form long-term employment relationships, we compare a work environment where effort is observable, but not verifiable to a situation where explicit contracts are feasible. Our main result shows that unemployment is much higher when third-party contract enforcement is absent. Unemployment is involuntary, being caused by firms' employment and contracting policy. Moreover, we show that implicit contracting can lead to a segmentation of the labor market. Firms in both segments earn similar profits, but workers in the secondary sector face much less favorable conditions than their counterparts in primary-sector jobs.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5001en_US
dc.subject.jelC92en_US
dc.subject.jelJ64en_US
dc.subject.jelM55en_US
dc.subject.ddc330en_US
dc.subject.keywordIncentivesen_US
dc.subject.keywordimplicit contractsen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordfairnessen_US
dc.subject.keyworddual labor marketsen_US
dc.subject.stwTheorie der Arbeitslosigkeiten_US
dc.subject.stwArbeitsvertragen_US
dc.subject.stwImplizite Kontrakteen_US
dc.subject.stwLeistungsanreizen_US
dc.subject.stwGerechtigkeiten_US
dc.subject.stwDualer Arbeitsmarkten_US
dc.subject.stwArbeitsbedingungenen_US
dc.subject.stwTesten_US
dc.titleImplicit contracts, unemployment, and labor market segmentationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn629762724en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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