In most Industrial and Industrializing Countries, labor markets are characterized by employers offering packages of wage, non-wage, and working conditions to prospective workers. In return, workers offer to apply effort to tasks determined by employers. This paper attempts to examine these employer-employee contracts using a stockout avoidance model with employees providing variable labor effort.
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number
2002-38.
Length: 23 pages Date of creation: Sep 2002 Date of revision: Handle: RePEc:uct:uconnp:2002-38
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Brad R. Humphreys & Louis J. Maccini & Scott Schuh, 1997.
"Input and output inventories,"
Working Papers
97-7, Federal Reserve Bank of Boston.
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