Introducing work rules into models of wage-employment contracts

Charles M. Kahn; Patricia B. Reagan

doi:10.1016/1062-9769(93)90010-H

Introducing work rules into models of wage-employment contracts

Charles M. Kahn, Patricia B. Reagan

Finance

Research output: Contribution to journal › Article › peer-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 language	English (US)
Pages (from-to)	217-231
Number of pages	15
Journal	Quarterly Review of Economics and Finance
Volume	33
Issue number	3
DOIs	https://doi.org/10.1016/1062-9769(93)90010-H
State	Published - 1993

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/1062-9769(93)90010-H

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Introducing work rules into models of wage-employment contracts

Abstract

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