The dynamics of working hours and wages under implicit contracts

DOI10.1111/BOER.12333MaRDI QIDQ6076774zbMATH OpenOpenAlexFDO

Authors Marco Guerrazzi

Publication date 17 October 2023

Published in Bulletin of Economic Research (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1111/boer.12333

zbMATH Keywords

consumption smoothingimplicit contract theoryout-of-equilibrium dynamicsstochastic optimal control

Mathematics Subject Classification ID

Labor markets (91B39) Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Working hours reduction and wage contracting style in a dynamic model with labor adjustment costs
• A simple exposition of some basic results of implicit contract theory
• Hours and wages: a bargaining approach
• Downward wage rigidity in a model of equal treatment contracting
• Implicit contracts with effort incentives

Cites work

• A Theory of Wage Dynamics
• Financial Markets and Wages
• Higher-order implicit strong numerical schemes for stochastic differential equations
• scientific article; zbMATH DE number 53999 (Why is no real title available?)
• scientific article; zbMATH DE number 3807305 (Why is no real title available?)
• Identification properties of recent production function estimators
• Implicit contracts and the cyclicality of the skill-premium
• Implicit contracts, life cycle labor supply, and intertemporal substitution
• On Repeated Moral Hazard with Discounting
• Optimal development policies with financial frictions
• Search and rest unemployment
• Self-Enforcing Wage Contracts
• The interaction of implicit and explicit contracts in repeated agency
• Wage bargaining as an optimal control problem: a dynamic version of the efficient bargaining model
• Wage bargaining as an optimal control problem: A dynamic version of the right-to-manage model

Cited in

(3)

• Divide the hours and conquer the surplus: part-time workers and pay
• Dynamic work hour optimization for casual workers
• A Panel Data Analysis of the Effects of Wages, Standard Hours and Unionization on Paid Overtime Work in Britain

This page was built for publication: The dynamics of working hours and wages under implicit contracts

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6076774)