Journal Article

Fairness and the employment contract: North American regions versus Germany

Knut Gerlach, David Levine, Gesine Stephan and Olaf Struck

in Cambridge Journal of Economics

Published on behalf of Cambridge Political Economy Society

Volume 32, issue 3, pages 421-439
Published in print May 2008 | ISSN: 0309-166X
Published online December 2007 | e-ISSN: 1464-3545 | DOI: https://dx.doi.org/10.1093/cje/bem040
Fairness and the employment contract: North American regions versus Germany

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  • Comparative Economic Systems
  • Wages, Compensation, and Labour Costs
  • Mobility, Unemployment, and Vacancies

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Substantial evidence shows that North Americans are generally more accepting of the market than Europeans and attribute market outcomes to a larger degree to effort or skill. Thus, North Americans might be more accepting of layoffs and pay cuts than Germans, and Germans might be more sensitive to the procedures and conditions under which pay cuts and layoffs occur. The empirical results from our quasi-experiment are largely in line with these hypotheses. The results may help to explain and be explained by the different labour market institutions in the different regions.

Keywords: Fairness; Employment contract; Comparative labour markets; M52; J63; J31; P52

Journal Article.  8382 words. 

Subjects: Comparative Economic Systems ; Wages, Compensation, and Labour Costs ; Mobility, Unemployment, and Vacancies

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