Inside the black box: compensation structures of efficient Yugoslavian firms
The main purpose of the research discussed in this paper has been to try to understand the main determinants of labor productivity within a firm from the perspective of the worker through a model and econometric application. Understanding why workers do the best they can or "just make time" is at the heart of the issue. The results indicate that on the basis of these data there is support for the hypothesis that an hierarchical effort function of the workers may indeed help explain variations in firm productivity.
|Date of creation:||09 Jan 1991|
|Date of revision:|
|Publication status:||Published in Economic Analysis 4.25(1991): pp. 363-383|
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- Brown, Charles & Medoff, James, 1978. "Trade Unions in the Production Process," Journal of Political Economy, University of Chicago Press, vol. 86(3), pages 355-78, June.
- Kiviet, Jan F., 1985. "Model selection test procedures in a single linear equation of a dynamic simultaneous system and their defects in small samples," Journal of Econometrics, Elsevier, vol. 28(3), pages 327-362, June.
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