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explaining how work meaningfulness influences effort at work. In our model, motivation decreases the disutility of exerting … needs from working enhances work meaningfulness, motivation, and effort, providing valuable insights for economic models of …
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I revisit the role that bonding contracts, such as pension or minimum employment terms, have on employee turnover. I focus on efficiency of such bonds as well as the necessary contractual structure that it must have in competitive labor markets. I develop a two stage turnover model that, in the...
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