This paper deals with a recent development in labour economics - that of implicit contract theory. A major impetus to its development has been the existence of involuntary unemployment and wage rigidity. In reality, there have been two streams of development - one associated with the name of...

This article extends previous economic treatments of the work attendance decision by providing a more complete specification of the absence penalty function. In particular, the penalty for absence is modelled as a function of both the opportunity cost of dismissal for excessive absence and the...