INTRODUCING WORK RULES INTO MODELS OF WAGE-EMPLOYMENT CONTRACTS

Authors
KAHN CM REAGAN PB
Citation
Cm. Kahn et Pb. Reagan, INTRODUCING WORK RULES INTO MODELS OF WAGE-EMPLOYMENT CONTRACTS, The Quarterly review of economics and finance, 33(3), 1993, pp. 217-231
Citations number
10
Categorie Soggetti
Business Finance",Economics
Journal title
The Quarterly review of economics and finance → ACNP
ISSN journal
10629769
Volume
33
Issue
3
Year of publication
1993
Pages
217 - 231
Database
ISI
SICI code
1062-9769(1993)33:3<217:IWRIMO>2.0.ZU;2-#
Abstract
In this article we incorporate work rules into models of wage-employme nt contracts. Under maintained hypotheses about the effect of efficien cy enhancing rules on workers' utility functions, we generate positive predictions about ranges of output and earnings over which different rules will be invoked. We also explore the implications of work rules for the existence of underemployment equilibrium and labor hoarding.