On Modeling and Controlling the Effects of Variable Labor Effort: A Theoretical Explanation of the Truck System

William Alpert and John Stiver
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John Stiver: University of Connecticut

No 2002-38, Working papers from University of Connecticut, Department of Economics

Abstract: 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.

Pages: 23 pages
Date: 2002-09
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2002-38

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