On Modeling and Controlling the Effects of Variable Labor Effort: A Theoretical Explanation of the Truck System
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.
|Date of creation:||Sep 2002|
|Date of revision:|
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- Andreas Hornstein, 1998. "Inventory investment and the business cycle," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 49-71.
- Brad R Humphreys & Louis J Maccini & Scott Schuh, 2000.
"Input and Output Inventories,"
Economics Working Paper Archive
426, The Johns Hopkins University,Department of Economics.
- Brad R. Humphreys & Louis J. Maccini & Scott Schuh, 1997. "Input and output inventories," Working Papers 97-7, Federal Reserve Bank of Boston.
- Brad R Humphreys & Louis J Maccini & Scott Schuh, 1997. "Input and Output Inventories," Economics Working Paper Archive 391, The Johns Hopkins University,Department of Economics.
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