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The labor market differs from other markets in many respects. Most important is that those who supply labor also have to deliver it in person. It means firstly that the work environment and organization of work are important for those who deliver labor, since they are in the work place....
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This paper constructs and estimates a career decision model where individuals search for both career matching and employer matching to understand wage growth and career mobility using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are...
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We study an overlapping generations version of the principal-agent problem, where incentive contracts are determined in general equilibrium. All individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Imperfections in the credit market...
Persistent link: https://www.econbiz.de/10014135339
We study an overlapping generations version of the principal-agent problem, where incentive contracts are determined in general equilibrium. All individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Imperfections in the credit market...
Persistent link: https://www.econbiz.de/10014147066
wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory … positive effect on entry wages and wage-tenure profiles are adjusted according to entry age. -- Deferred compensation ; human … capital ; internal labor markets ; older workers ; wages …
Persistent link: https://www.econbiz.de/10003802942
"I analyze two extensions to the standard model of life cycle labor supply that feature operative choices along both the intensive and extensive margin. The first assumes that individuals face different continuous wage-hours schedules. The second assumes that all work must be coordinated across...
Persistent link: https://www.econbiz.de/10008807760