Intertemporal Labor Supply and Long-term Employment Contracts
John Abowd () and
David Card
American Economic Review, 1987, vol. 77, issue 1, 50-68
Abstract:
The authors compare the implications of a symmetric information contracting model and a dynamic labor supply model for changes in earnings and hours. A simple test is whether earnings changes are more variable than hours changes, as predicted by the labor supply model, or less variable, as predicted by the contracting model. The authors apply this test to two longitudinal surveys of adult men and find that earnings are somewhat more variable than hours for men who never change employers. The estimates suggest that changes in earnings and hours not associated with survey measurement error occur at fixed wage rates. Copyright 1987 by American Economic Association.
Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (67)
Downloads: (external link)
http://links.jstor.org/sici?sici=0002-8282%2819870 ... 3B2-%23&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Related works:
Working Paper: Intertemporal Labor Supply and Long Term Employment Contracts (1986) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:77:y:1987:i:1:p:50-68
Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions
Access Statistics for this article
American Economic Review is currently edited by Esther Duflo
More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().