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- Title
Die Rolle von Betriebsräten und Gewerkschaften bei Senioritä tsentlohnung.
- Authors
Zwick, Thomas
- Abstract
Why do employers pay seniority wages? The principal-agent theory stresses that employers might want to keep and motivate their employees by paying them a low entry wage and wage increases with tenure, although this may not be justified by their productivity development. This contribution tests the empirical relevance of this seniority wage interpretation. Hereby, it focuses on the role of works councils and unions. The theoretical hypotheses predicting a positive impact of both institutions on seniority wages are confirmed.
- Subjects
WAGE increases; EMPLOYEE seniority; LABOR unions; INDUSTRIAL relations; EMPLOYMENT tenure
- Publication
Industrielle Beziehungen, 2011, Vol 2011, Issue 1/2, p119
- ISSN
0943-2779
- Publication type
Article
- DOI
10.1688/1862-0035_IndB_2011_01-02_Zwick