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Testing Intertemporal Substitution,Implicit Contracts,and Hours Restriction Models of the Labor Market Using Micro Data
Testing Intertemporal Substitution Implicit Contracts Hours Restriction Models Labor Market Micro Data
2015/9/18
We present new tests of three theories of the labor market: intertemporal substitution, hours restrictions, and implicit contracts. The intertemporal substitution test we implement is an exclusion tes...
Implicit Contracts,Life Cycle Labor Supply and Intertemporal Substitution
Intertemporal Substitution Implicit Contracts Micro Data Symmetry Restriction Utility Theory
2015/9/18
The implicit contract model has been suggested as a serious alternative to the spot marketinterpretation of the labor market. However, its usefulness has been limited because the wage is unobserved in...
Employment Contracts,Influence Activities and Efficient Organization Design
Employment Contracts Influence Activities Efficient Organization Design
2015/7/21
Employment Contracts,Influence Activities and Efficient Organization Design.
Wage adjustments were low for the fourth year in a row, reflecting pressures to restrain labor costs and save jobs; many contracts negotiated in 1985 featured 'back-loading,' lump-sum payments, and tw...
Major labor contracts in 1986 provided record low wage adjustments
Major labor contracts 1986 low wage adjustments
2009/5/19
Negotiations again focused on efforts to curb labor costs and save jobs by providing small wage increases, wage decreases, and wage freezes; many settlements provided lump sums instead of wage increas...
Wage adjustments in contracts negotiated in private industry
Wage adjustments contracts private industry
2009/5/18
Many of the measures were up slightly from the historic lows of last year; time will tell if this merely reflects the mix of industries reaching agreement, or if the declines that began in 1982 are re...
Negotiated changes in State and local government contracts, 1993
wage rates collective bargaining public-sector workers
2009/5/4
The net effect of negotiated increases, decreases, and freezes in settlements was a record-low increase in wage rates for the 1.7 million public-sector workers covered by 1993 settlements. This articl...
Redundancy Payments, Incomplete Labor Contracts, Unemployment and Welfare
Unemployment job protection severance payments
2013/10/17
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from ...