In this paper we compare the implications of a symmetric information contracting model and a dynamic labor supply model for changes in individual earnings and hours over time. The critical distinction between these models is whether earnings represent optimal consumption or payment for current...

Die empirische Arbeitsmarktforschung ist derzeit nur eingeschränkt in der Lage, die Qualität der Ausgleichprozesse am Arbeitsmarkt anhand der Merkmale der neu zustande gekommenen Beschäftigungsverhältnisse zu beschreiben. Die Analyse von Stellenanzeigen kann zwar detaillierte Einblicke über...

We conduct an interactive online experiment framed as an employment contract between employer and worker. Subjects from the US, India, and Africa are matched in pairs within and, in some cases, across countries. Employers make a one-period offer to a worker who can either decline or choose a...