GETTING TOUGH WITH WORKERS: MORE ON THE STRATEGIC ROLE OF DEBT

Gerald Garvey and Noel Gaston
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Gerald Garvey: Barklays global Investors, USA
Noel Gaston: Bond University, Australia

Chapter 5 in Advances in Development Economics, 2008, pp 87-106 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe ModelPermanent AssumptionsFirms Unilaterally Set WagesThe Case of Negotiated WagesSummaryEmpirical EvidenceData DescriptionMeasures of debt policyMeasures of employee compensationOther variablesThe Empirical Model and ResultsFurther Results on the Measurement of Wages and Capital StructureAlternative measures of debtThe endogeneity of wagesConclusionAppendixSolutions for the Uniform Distribution CaseComparison of wu and weReferences

Keywords: Development; Labor; Migration; Growth; Monetary-Fiscal Policy; Organizational System; Multinational Companies; Gender; Public Choice; Turkey; India; Bangladesh (search for similar items in EconPapers)
Date: 2008
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