Efficient Contracts with Costly Adjustment: Short-RUn Employment Determination for Airline Mechanics
Author
Abstract
Suggested Citation
Note: LS
Download full text from publisher
Other versions of this item:
- Card, David, 1986. "Efficient Contracts with Costly Adjustment: Short-run Employment Determination for Airline Mechanics," American Economic Review, American Economic Association, vol. 76(5), pages 1045-1071, December.
References listed on IDEAS
- Svejnar, Jan, 1986.
"Bargaining Power, Fear of Disagreement, and Wage Settlements: Theory and Evidence from U.S. Industry,"
Econometrica, Econometric Society, vol. 54(5), pages 1055-1078, September.
- Svejnar, J., 1984. "Bargaining power, fear of disagreement and wage settlements: theory and evidence from U.S. industry," LIDAM Discussion Papers CORE 1984037, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- SVEJNAR, Jan, 1986. "Bargaining power, fear of disagreement, and wage settlements: theory and evidence from U.S. industry," CORE Discussion Papers RP 720, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- repec:pri:indrel:dsp01dr26xx382 is not listed on IDEAS
- Gallant, A. Ronald & Jorgenson, Dale W., 1979. "Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 275-302.
- Brown, James N & Ashenfelter, Orley, 1986.
"Testing the Efficiency of Employment Contracts,"
Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 40-87, June.
- Orley Ashenfelter & James N. Brown, 1985. "Testing the Efficiency of Employment Contracts," Working Papers 573, Princeton University, Department of Economics, Industrial Relations Section..
- Martinello, F., 1988. "Wage And Employment Determination In A Unionized Industry; The Iwa And The B.C. Wood Products Industry," Working Papers 1988-01, Brock University, Department of Economics.
- Carruth, Alan A & Oswald, Andrew J, 1985.
"Miners' Wages in Post-war Britain: An Application of a Model of Trade Union Behaviour,"
Economic Journal, Royal Economic Society, vol. 95(380), pages 1003-1020, December.
- Andrew J. Oswald & Alan A. Carruth, 1984. "Miners' Wages in Post-War Britain: An Application of a Model of Trade Union Behavior," Working Papers 558, Princeton University, Department of Economics, Industrial Relations Section..
- Orley Ashenfelter & David Card, 1982.
"Time Series Representations of Economic Variables and Alternative Models of the Labour Market,"
Review of Economic Studies, Oxford University Press, vol. 49(5), pages 761-782.
- Orley Ashenfelter & David Card, 1982. "Time Series Representation of Economic Variables and Alternative Models of the Labor Market," Working Papers 528, Princeton University, Department of Economics, Industrial Relations Section..
- Hall, Robert E & Lilien, David M, 1979.
"Efficient Wage Bargains under Uncertain Supply and Demand,"
American Economic Review, American Economic Association, vol. 69(5), pages 868-879, December.
- Robert E. Hall & David M. Lilien, 1978. "Efficient Wage Bargains Under Uncertain Supply and Demand," NBER Working Papers 0306, National Bureau of Economic Research, Inc.
- Kennan, John, 1979. "The Estimation of Partial Adjustment Models with Rational Expectations," Econometrica, Econometric Society, vol. 47(6), pages 1441-1455, November.
- McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
- John H. Pencavel, 1984.
"The Tradeoff Between Wages and Employment in Trade Union Objectives,"
The Quarterly Journal of Economics, Oxford University Press, vol. 99(2), pages 215-231.
- John H. Pencavel, 1982. "The Trade-Off between Wages and Employment in Trade Union Objectives," NBER Working Papers 0870, National Bureau of Economic Research, Inc.
- Oliver D. Hart, 1983. "Optimal Labour Contracts under Asymmetric Information: An Introduction," Review of Economic Studies, Oxford University Press, vol. 50(1), pages 3-35.
- Rosen, Sherwin, 1985.
"Implicit Contracts: A Survey,"
Journal of Economic Literature, American Economic Association, vol. 23(3), pages 1144-1175, September.
- Sherwin Rosen, 1985. "Implicit Contracts: A Survey," NBER Working Papers 1635, National Bureau of Economic Research, Inc.
- Sargent, Thomas J, 1978.
"Estimation of Dynamic Labor Demand Schedules under Rational Expectations,"
Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1009-1044, December.
- Thomas J. Sargent, 1978. "Estimation of dynamic labor demand schedules under rational expectations," Staff Report 27, Federal Reserve Bank of Minneapolis.
- Martin Neil Baily, 1974. "Wages and Employment under Uncertain Demand," Review of Economic Studies, Oxford University Press, vol. 41(1), pages 37-50.
- Azariadis, Costas, 1975. "Implicit Contracts and Underemployment Equilibria," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1183-1202, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Krusell, Per & Rudanko, Leena, 2016.
"Unions in a frictional labor market,"
Journal of Monetary Economics, Elsevier, vol. 80(C), pages 35-50.
- Leena Rudanko & Per Krusell, 2011. "Unions in a Frictional Labor Market," 2011 Meeting Papers 320, Society for Economic Dynamics.
- Leena Rudanko & Per Krusell, 2012. "Unions in a Frictional Labor Market," Boston University - Department of Economics - Working Papers Series WP2012-014, Boston University - Department of Economics.
- Per Krusell & Leena Rudanko, 2016. "Unions in a frictional labor market," Working Papers 16-7, Federal Reserve Bank of Philadelphia.
- Leena Rudanko & Per Krusell, 2015. "Unions in a Frictional Labor Market," Discussion Papers 1531, Centre for Macroeconomics (CFM).
- Rudanko, Leena & Krusell, Per, 2015. "Unions in a frictional labor market," LSE Research Online Documents on Economics 86277, London School of Economics and Political Science, LSE Library.
- Per Krusell & Leena Rudanko, 2012. "Unions in a Frictional Labor Market," NBER Working Papers 18218, National Bureau of Economic Research, Inc.
- Andrews, Martyn & Harrison, Alan, 1998.
"Testing for Efficient Contracts in Unionized Labour Markets,"
Bulletin of Economic Research, Wiley Blackwell, vol. 50(3), pages 171-200, July.
- Martyn Andrews & Alan Harrison, "undated". "Testing for Efficient Contracts in Unionized Labour Market," Canadian International Labour Network Working Papers 12, McMaster University.
- Nicholas Lawson, 2011.
"Is Collective Bargaining Pareto Efficient? A Survey of the Literature,"
Journal of Labor Research, Springer, vol. 32(3), pages 282-304, September.
- Nicholas Lawson, 2010. "Is Collective Bargaining Pareto Efficient? A Survey of the Literature," Working Papers 1268, Princeton University, Department of Economics, Industrial Relations Section..
- de la Croix, David & Palm, Franz C. & Pfann, Gerard A., 1996.
"A dynamic contracting model for wages and employment in three European economies,"
European Economic Review, Elsevier, vol. 40(2), pages 429-448, February.
- de la Croix, David & Palm, Franz & Pfann, Gerard, 1993. "A Dynamic Contracting Model for Wages and Employment in three European Economies," LIDAM Discussion Papers IRES 1993021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- William T. Dickens, 1990. "Does It Matter What We Trade? Trade and Industrial Policies When Labor Markets Don't Clear," NBER Working Papers 3285, National Bureau of Economic Research, Inc.
- Manfred Königstein & Marie Claire Villeval, 2005.
"The Choice of the Agenda in Labor Negotiations: Efficiency and Behavioral Considerations,"
Post-Print
halshs-00175021, HAL.
- Marie-Claire Villeval & Manfred Konigstein, 2005. "The Choice of the Agenda in Labor Negotiations: efficiency and behavioral considerations," Working Papers 0508, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Manfred Königstein & Marie Claire Villeval, 2005. "The Choice of the Agenda in Labor Negotiations: efficiency and behavioral considerations," Post-Print halshs-00180038, HAL.
- Königstein, Manfred & Villeval, Marie Claire, 2005. "The Choice of the Agenda in Labor Negotiations: Efficiency and Behavioral Considerations," IZA Discussion Papers 1762, Institute of Labor Economics (IZA).
- Hamermesh, Daniel S, 1992.
"A General Model of Dynamic Labor Demand,"
The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 733-737, November.
- Daniel S. Hamermesh, 1990. "A Genral Model of Dynamic Labor Demand," NBER Working Papers 3356, National Bureau of Economic Research, Inc.
- Hildreth, Andrew K G & Oswald, Andrew J, 1997.
"Rent-Sharing and Wages: Evidence from Company and Establishment Panels,"
Journal of Labor Economics, University of Chicago Press, vol. 15(2), pages 318-337, April.
- Hilderth, A.K. & Oswald, A.J., 1993. "Rent-Sharing and Wages: Evidence form Company and Establishment Panels," Economics Series Working Papers 99154, University of Oxford, Department of Economics.
- Hildreth, Andrew K G & Oswald, Andrew J, 1994. "Rent-Sharing and Wages: Evidence from Company and Establishment Panels," Economics Discussion Papers 10024, University of Essex, Department of Economics.
- Bargain, O. & Herwig Immervoll & Andreas Peichl & Siegloch, S., 2010. "GINI DP 1: Distributional Consequences of Labor-Demand Adjustments to a Downturn. A Model-Based Approach with Application to Germany 2008-09," GINI Discussion Papers 1, AIAS, Amsterdam Institute for Advanced Labour Studies.
- Svejnar, Jan & Terrell, Katherine, 1991. "Reducing labor redundancy in state owned enterprises," Policy Research Working Paper Series 792, The World Bank.
- Fagnart, Jean-François & De La Croix, David, 1993. "Underemployment of labour and equipment in a bargaining model with forward-looking behavior," CEPREMAP Working Papers (Couverture Orange) 9315, CEPREMAP.
- John DiNardo & David S. Lee, 2002. "The Impact of Unionization on Establishment Closure: A Regression Discontinuity Analysis of Representation Elections," NBER Working Papers 8993, National Bureau of Economic Research, Inc.
- Kölling, Arnd, 1998. "Dynamische Arbeitsnachfrage und asymmetrisches Anpassungsverhalten in der Bundesrepublik Deutschland : eine Untersuchung mit Daten aus dem IAB-Betriebspanel (Dynamic labour demand and asymmetrical adj," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 31(4), pages 637-647.
- Dong, Xiao-yuan, 1998. "Employment and Wage Determination in China's Rural Industry: Investigation Using 1984-1990 Panel Data," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 485-501, September.
- Steven G Allen & Adriana Cassoni & Gastón J Labadie, 1996. "Wages and Employment After Reunionization in Uruguay," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 33(99), pages 277-294.
- Olivier Bargain & Herwig Immervoll & Andreas Peichl & Sebastian Siegloch, 2012. "Distributional consequences of labor-demand shocks: the 2008–2009 recession in Germany," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(1), pages 118-138, February.
- William T. Dickens, 1995. "Do Labor Rents Justify Strategic Trade and Industrial Policy?," NBER Working Papers 5137, National Bureau of Economic Research, Inc.
- Janet Currie Neelin, 1989. "What Do (Public Sector) Unions Do? Wage and Employment Determination Among Ontario Public School Teachers," UCLA Economics Working Papers 542, UCLA Department of Economics.
- Adriana Cassoni, 1997. "A brief survey on the role of trade unions in labour market," Documentos de Trabajo (working papers) 0697, Department of Economics - dECON.
- H. Osano & T. Inoue, 1988. "Testing Between Competing Models of Business Cycles: The Efficient Long-Term Contract Hypothesis Versus the Intertemporal Substitution Hypothesis," Discussion Papers 768, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- de la Croix, David & Fagnart, Jean-Francois, 1995. "Underemployment of production factors in a forward-looking model," Labour Economics, Elsevier, vol. 2(2), pages 131-159, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Louis N. Christofides & Andrew J. Oswald, 1991. "Efficient and Inefficient Employment Outcomes: A Study Based on Canadian Data," NBER Working Papers 3648, National Bureau of Economic Research, Inc.
- Janet Currie Neelin, 1989. "What Do (Public Sector) Unions Do? Wage and Employment Determination Among Ontario Public School Teachers," UCLA Economics Working Papers 542, UCLA Department of Economics.
- Adriana Cassoni, 1997. "A brief survey on the role of trade unions in labour market," Documentos de Trabajo (working papers) 0697, Department of Economics - dECON.
- repec:eee:labchp:v:2:y:1986:i:c:p:1039-1089 is not listed on IDEAS
- John W. Budd & Jozef Konings & Matthew J. Slaughter, 2005.
"Wages and International Rent Sharing in Multinational Firms,"
The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 73-84, February.
- John W. Budd & Jozef Konings & Matthew J. Slaughter, 2002. "Wages and International Rent Sharing in Multinational Firms," William Davidson Institute Working Papers Series 522, William Davidson Institute at the University of Michigan.
- Budd, John W. & Konings, Jozef & Slaughter, Matthew J., 2002. "Wages and International Rent Sharing in Multinational Firms," IZA Discussion Papers 560, Institute of Labor Economics (IZA).
- Nicholas Lawson, 2011.
"Is Collective Bargaining Pareto Efficient? A Survey of the Literature,"
Journal of Labor Research, Springer, vol. 32(3), pages 282-304, September.
- Nicholas Lawson, 2010. "Is Collective Bargaining Pareto Efficient? A Survey of the Literature," Working Papers 1268, Princeton University, Department of Economics, Industrial Relations Section..
- John W. Budd & Jozef Konings & Matthew J. Slaughter, "undated".
"International Rent Sharing in Multinational Firms,"
Working Papers
0202, Human Resources and Labor Studies, University of Minnesota (Twin Cities Campus).
- Budd, John W & Konings, Jozef & Slaughter, Matthew, 2002. "International Rent Sharing in Multinational Firms," CEPR Discussion Papers 3326, C.E.P.R. Discussion Papers.
- John W. Budd & Josef Konings & Matthew J. Slaughter, 2002. "International Rent Sharing in Multinational Firms," NBER Working Papers 8809, National Bureau of Economic Research, Inc.
- Sampson, Anthony A, 1994. "Implicit Contracts, Trade Unions and Involuntary Unemployment," Bulletin of Economic Research, Wiley Blackwell, vol. 46(1), pages 23-39, January.
- H. Osano & T. Inoue, 1988. "Testing Between Competing Models of Business Cycles: The Efficient Long-Term Contract Hypothesis Versus the Intertemporal Substitution Hypothesis," Discussion Papers 768, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- H. Schneider, 1983. "Mitbestimmung, unvollständige Information und Leistungsanreize: Überlegungen zu einer funktionsfähigen Unternehmensverfassung," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 119(III), pages 337-355, September.
- Dong, Xiao-yuan, 1998. "Employment and Wage Determination in China's Rural Industry: Investigation Using 1984-1990 Panel Data," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 485-501, September.
- repec:eee:labchp:v:2:y:1986:i:c:p:789-848 is not listed on IDEAS
- Schob, Ronnie & Wildasin, David E., 2007.
"Economic integration and labor market institutions: Worker mobility, earnings risk, and contract structure,"
Regional Science and Urban Economics, Elsevier, vol. 37(2), pages 141-164, March.
- Ronnie Schöb & David E. Wildasin, 1998. "Economic Integration and Labor Market Institutions; Worker Mobility, Earnings Risk, and Contract Structure," CESifo Working Paper Series 167, CESifo.
- Ronnie Schoeb & David E. Wildasin, 2001. "Economic Integration and Labor Market Institutions: Worker Mobility, Earnings Risk, and Contract Structure," Labor and Demography 0112002, University Library of Munich, Germany.
- Schöb, Ronnie & Wildasin, David, 2003. "Economic Integration and Labor Market Institutions: Worker Mobility, Earnings Risk, and Contract Structure," IZA Discussion Papers 945, Institute of Labor Economics (IZA).
- John C. Ham & Kevin T. Reilly, 2013. "Implicit Contracts, Life Cycle Labor Supply, And Intertemporal Substitution," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54, pages 1133-1158, November.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2291-2372 is not listed on IDEAS
- repec:eee:labchp:v:2:y:1986:i:c:p:1001-1035 is not listed on IDEAS
- Thomas Lemieux & W. Bentley MacLeod & Daniel Parent, 2012. "Contract Form, Wage Flexibility, and Employment," American Economic Review, American Economic Association, vol. 102(3), pages 526-531, May.
- Joseph E. Stiglitz, 1984. "Theories of Wage Rigidity," NBER Working Papers 1442, National Bureau of Economic Research, Inc.
- Michael Bruno, 1988. "Theoretical Developments in the Light of Macroeconomic Policy and Empirical Research," NBER Working Papers 2757, National Bureau of Economic Research, Inc.
- Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
- Delacroix, Alain, 2004. "Sticky bargained wages," Journal of Macroeconomics, Elsevier, vol. 26(1), pages 25-44, March.
- Swati Basu & Saul Estrin & Jan Svejnar, 2005.
"Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe,"
ILR Review, Cornell University, ILR School, vol. 58(3), pages 353-369, April.
- Basu, Swati & Estrin, Saul & Svejnar, Jan, 2004. "Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe," IZA Discussion Papers 1370, Institute of Labor Economics (IZA).
- Peter J. Luke & Mark E. Schaffer, 1999.
"Wage Determination in Russia: An Econometric Investigation,"
CERT Discussion Papers
9908, Centre for Economic Reform and Transformation, Heriot Watt University.
- Luke, Peter L. & Schaffer, Mark E, 2000. "Wage Determination in Russia: An Econometric Investigation," IZA Discussion Papers 143, Institute of Labor Economics (IZA).
- Peter J. Luke & Mark E. Schaffer, 2000. "Wage Determination in Russia: An Econometric Investigation," William Davidson Institute Working Papers Series 295, William Davidson Institute at the University of Michigan.
- Christian Calmès, 2005. "Self-Enforcing Labour Contracts and the Dynamics Puzzle," Staff Working Papers 05-1, Bank of Canada.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:1931. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/nberrus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.