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constrained (the lean season) reduces aggregate labor supply, drives up wages and leads to a reallocation of labor from less to …
Persistent link: https://www.econbiz.de/10012453152
An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an incentive effect and (2) worker selection. We use a simplified Becker-DeGroot-Marschak mechanism, which provides random variation in piece rates conditional on revealed...
Persistent link: https://www.econbiz.de/10012458839
is accounted for by the reduction in the response of employment to shocks in US establishments. Using a plant level … employment adjustment. Changes in market power, as captured by changes in the curvature of the revenue, function play a minimal …
Persistent link: https://www.econbiz.de/10014486222