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We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …
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wage premium serves to achieve contract efficiency. For those weekly hours for which a premium is paid, worker compensation …
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We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...
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wage premium serves to achieve contract efficiency. For those weekly hours for which a premium is paid, worker compensation …
Persistent link: https://www.econbiz.de/10001502473
We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post...
Persistent link: https://www.econbiz.de/10001486503
Persistent link: https://www.econbiz.de/10003813250
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that … explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first …
Persistent link: https://www.econbiz.de/10003771694