Optimal Labour Contracts when Workers have a Variety of Privately Observed Reservation Wages

DOI10.2307/2297469MaRDI QIDQ3339612zbMATH OpenOpenAlexFDO

Authors

Publication date 1985

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297469

zbMATH Keywords

labor marketasymmetric informationmicroeconomicsunderemploymentstochastic contractsoptimal labour contractsoveremploymentsecond-best contract

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Recommendations

• Under- and overemployment in optimal layoff contracts
• Dynamic labor contracts with temporary layoffs and permanent separations
• Involuntary Layoffs in a Model with Asymmetric Information Concerning Worker Ability
• Implicit contracts with effort incentives
• Existence and characterization of optimal employment contracts on a continuous state space

Cited in

(22)

• Job protection versus contracts at-will: trading-off entrenchment and shirking
• The French first employment contract: Efficient screening device or Kleenex contract?
• Involuntary unemployment and worker self-selection
• WAGE‐RISE CONTRACT AND QUANTITY COMPETITION WITH PROFIT‐MAXIMIZING AND LABOUR‐MANAGED FIRMS
• Countervailing incentives in agency problems
• Designing multi-period supply contracts in a two-echelon supply chain with asymmetric information
• A Welfare Analysis of Employment Contracts with and without Asymmetric Information
• Reservation wage and optimal contract for experts
• Under- and overemployment in optimal layoff contracts
• Who Benefits from Workers with General Skills? Countervailing Incentives in Labour Contracts
• Wage bargaining as an optimal control problem: A dynamic version of the right-to-manage model
• The provision of wage incentives: a structural estimation using contracts variation
• A note on long-term contracts
• Discretionary acquisition of firm-specific human capital under non-verifiable performance
• Efficient union labour contracts under seniority employment rules
• Dynamic labor contracts with temporary layoffs and permanent separations
• Investments as signals of outside options
• Implicit contracts with effort incentives
• Existence and characterization of optimal employment contracts on a continuous state space
• The Role of Turnover Costs in the Enforcement of Performance-Related Pay Contracts
• Optimal employment contracts with bankruptcy constraints
• Pensions in Labor Contracts

This page was built for publication: Optimal Labour Contracts when Workers have a Variety of Privately Observed Reservation Wages

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q3339612)