Introducing work rules into models of wage-employment contracts

In this article we incorporate work rules into models of wage-employment contracts. Under maintained hypotheses about the effect of efficiency enhancing rules on workers' utility functions, we generate positive predictions about ranges of output and earnings over which different rules will be i...

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Bibliographic Details
Published in:The Quarterly review of economics and finance 1993-10, Vol.33 (3), p.217-231
Main Authors: Kahn, Charles M., Reagan, Patricia B.
Format: Article
Language:English
Subjects:
Contracts
Economic models
Economic theory
Employment
Employment contracts
Hypotheses
Impacts
Rules
Studies
Utility functions
Work environment
Work rules
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Summary:In this article we incorporate work rules into models of wage-employment contracts. Under maintained hypotheses about the effect of efficiency 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.
ISSN:1062-9769
1878-4259
DOI:10.1016/1062-9769(93)90010-H