Titelaufnahme

Titel
The bonding effect of deferred compensation: worker separations from a large firm in early transition Russia / Mikhail Ananyev (BGSE, University of Bonn), Thomas Dohmen (University of Bonn, Maastricht University and IZA), Hartmut Lehmann (HSE University, IZA and University of Bologna) ; IZA Institute of Labor Economics
VerfasserAnanyev, Mikhail ; Dohmen, Thomas ; Lehmann, Hartmut
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, June 2020
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (33 Seiten) : Diagramme
SerieDiscussion paper ; no. 13358
URLVolltext
URNurn:nbn:de:hbz:5:2-845400 
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 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
The bonding effect of deferred compensation: worker separations from a large firm in early transition Russia [1.19 mb]
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Zusammenfassung

Deferred payments, as implicit contracts, are predicted to bind workers to firms as long as workers believe that firms adhere to these implicit contracts. We employ a unique personnel data set from a Russian manufacturing firm to investigate whether wage arrears, delayed payments of wages, induce bonding effects. We find that workers separation rates decrease dramatically when workers experience wage arrears, providing evidence for the bonding effects of deferred compensation schemes. After workers are repaid nominal wages, but have suffered real wage losses due to unexpectedly high inflation, we observe that workers affected by wage arrears again become much more likely to separate during and after the repayment period of a second episode of wage arrears, providing evidence for the weakening of the bonding effect after the firm's reputation for adequately compensating for deferred payments has been jeopardized.

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