Introducing work rules into models of wage-employment contracts

Charles M. Kahn, Patricia B. Reagan

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish (US)
Pages (from-to)217-231
Number of pages15
JournalQuarterly Review of Economics and Finance
Volume33
Issue number3
DOIs
StatePublished - Jan 1 1993

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Introducing work rules into models of wage-employment contracts'. Together they form a unique fingerprint.

Cite this