Showing 1 - 10 of 52
We develop a dynamic model of learning and wage determination: education may convey initial information about ability, but subsequent performance observations also are informative. Although the role of schooling in the labor market's inference process declines as performance observations...
Persistent link: https://www.econbiz.de/10012475236
In this paper I summarize four new strands in agency theory that help me think about incentives in real organizations. As a point of departure, I being with a quick sketch of the classic agency model. I then discuss static models of objective performance measurement in which firms get what they...
Persistent link: https://www.econbiz.de/10012472118
This paper surveys two related pieces of the labor-economics literature: incentive pay and careers in organizations. In the discussion of incentives, I first summarize theory and evidence related to the classic agency model, which emphasizes the tradeoff between insurance and incentives. I then...
Persistent link: https://www.econbiz.de/10012473133
This paper analyzes strategic communication in equilibrium models of conventional and final-offer interest arbitration. Both models emphasize the role of learning by the arbitrator from the parties offers about the state of the employment relationship, which is known to the parties but not to...
Persistent link: https://www.econbiz.de/10012476524
I establish four facts regarding the pattern of NLRB supervised representation election activity over the past 45 years: 1) the quantity of election activity has fallen sharply and discontinuously since the mid-70's after increasing between the mid-1950's and the mid-1970's; 2) union success in...
Persistent link: https://www.econbiz.de/10012471560
I examine the extent to which workers who lose jobs find work in alternative employment arrangements including temporary work and independent contracting and find part-time work, both voluntary and involuntary. The analysis is based on data from the Displaced Worker Supplements (DWS) and the...
Persistent link: https://www.econbiz.de/10012471798
There is now a substantial body of economic research that models the behavior of labor unions as maximization of a well defined objective function. This paper presents both a selective critical survey of this literature and a preliminary consideration of some important problems that have not...
Persistent link: https://www.econbiz.de/10012477584
It is a well known fact that the extent of unionization is lower in states with Right-to-Work (RTW) laws. A framework is developed for determining whether RTW laws actually cause a decrease in the extent of unionization or whether they simply mirror preexisting tastes of workers against unions....
Persistent link: https://www.econbiz.de/10012477965
A model of the determination of the union status of workers is developed that incorporates the separate decisions of workers and potential union employers in a framework which recognizes the possibility of an excess supply of workers for existing union jobs.This theoretical framework results in...
Persistent link: https://www.econbiz.de/10012478098
In order to address this issue, I study turnout in union representation elections in the U.S. (government supervised secret ballot elections, generally held at the workplace, on the question of whether the workers would like to be represented by a union). These elections provide a particularly...
Persistent link: https://www.econbiz.de/10012462498