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Unemployment, Long-term Employment Relations, and Productivity Growth

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  • Rebitzer, James B

Abstract

Using an "effort-regulation" type of efficiency wage model, it is demonstrated that a firm may respond to slackening labor markets by acting to increase the intensity with which workers work. The magnitude of this work intensity effect depends on the structure of employment relations. Where long-term employment relations are prevalent, the effect of labor market slack on work intensity may be diminished. These propositions are tested empirically by estimating the effects unemployment and long-term employment have on productivity growth in two-digit manufacturing industries. Copyright 1987 by MIT Press.

Suggested Citation

  • Rebitzer, James B, 1987. "Unemployment, Long-term Employment Relations, and Productivity Growth," The Review of Economics and Statistics, MIT Press, vol. 69(4), pages 627-635, November.
  • Handle: RePEc:tpr:restat:v:69:y:1987:i:4:p:627-35
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    References listed on IDEAS

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    1. Hercowitz, Zvi, 1981. "Money and the Dispersion of Relative Prices," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 328-356, April.
    2. Stanley Fischer, 1981. "Relative Shocks, Relative Price Variability, and Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 381-442.
    3. Hamermesh, Daniel S, 1986. "Inflation and Labour Market Adjustment," Economica, London School of Economics and Political Science, vol. 53(29), pages 63-73, February.
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    Cited by:

    1. Andrew S. Green, 2017. "Hours Off the Clock," Working Papers 17-44, Center for Economic Studies, U.S. Census Bureau.
    2. Edward P. Lazear & Kathryn L. Shaw & Christopher Stanton, 2013. "Making Do With Less: Working Harder during Recessions," NBER Chapters,in: Labor Markets in the Aftermath of the Great Recession, pages 333-360 National Bureau of Economic Research, Inc.
    3. Esteves, Luiz A., 2014. "A Economia das Firmas Cooperadas e a Análise Antitruste
      [The Economics of Cooperative Firms and the Antitrust Analysis]
      ," MPRA Paper 58908, University Library of Munich, Germany.
    4. Rebitzer, James B., 1995. "Is there a trade-off between supervision and wages? An empirical test of efficiency wage theory," Journal of Economic Behavior & Organization, Elsevier, vol. 28(1), pages 107-129, September.
    5. Campbell III, Carl M., 2006. "A model of the determinants of effort," Economic Modelling, Elsevier, vol. 23(2), pages 215-237, March.
    6. Lazear, Edward P. & Shaw, Kathryn L. & Stanton, Christopher, 2014. "Making do with less: working harder during recessions," LSE Research Online Documents on Economics 60617, London School of Economics and Political Science, LSE Library.
    7. Edward P. Lazear & Kathryn L. Shaw & Christopher Stanton, 2014. "Making Do With Less: Working Harder During Recessions," CEP Discussion Papers dp1321, Centre for Economic Performance, LSE.
    8. Carter, Thomas J., 2005. "Money and efficiency wages: the neglected effect of employment on efficiency," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(2), pages 199-209, March.
    9. Kornelius Kraft, 1990. "Licenciements, salaire aux pièces et participation aux bénéfices en tant qu'incitations," Économie et Prévision, Programme National Persée, vol. 92(1), pages 161-170.

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