Award Type
Honorable Mention
Dissertation Advisor
Johannes Schmeider
Abstract
An employment relationship consists of many dimensions other than monetary compensation. Textbook economic theory implies that employers and employees will agree on an efficient level of such nonwage compensation based on an employee’s preferences and the employer’s cost. At the same time, most types of nonwage compensation are set in a context of substantial regulation, legal restrictions, and other interventions. This dissertation investigates how the institutional environment—including regulation, media coverage of corporate actions, and the strength of the labor market— affects firms’ decisions regarding two important types of nonwage compensation: workplace safety and health, and employment mobility.
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Link to dissertation full text