Now showing items 1-10 of 20
The Reasons for Wage Rigidity: Evidence From a Survey of Firms
(Massachusetts Institute of Technology Press, 1997-08)
A survey of 184 firms was conducted to investigate the reasons for wage rigidity. The strongest support was found for explanations based on adverse selection in quits and on the effect of wages on effort. In addition, ...
The Determinants of Dismissals, Quits, and Layoffs: A Multinomial Logit Approach
(Southern Economic Association, 1997-04)
An Efficiency Wage - Imperfect Information Model of the Aggregate Supply Curve
(Munich Personal RePEc Archive, 2009-05)
This study derives a reduced-form equation for the aggregate supply curve from a model in which firms pay efficiency wages and workers have imperfect information about average wages at other firms. If specific assumptions ...
A Model of the Determinants of Effort
This study derives an expression for effort from utility-maximizing behavior on the part of workers, whose utility depends on consumption, effort, and the ratio between their wage and their perceived fair wage. Unlike many ...
Prevalence and Patterns of Major Depressive Disorder in the United States Labor Force
(John Wiley and Sons, 1999-09)
Background and Aims of the Study: In this paper, we identify the 12-month and lifetime prevalence of major depressive disorder in and out of the labor force, and among the employed and unemployed. We examine whether ...
Estimating Earnings Losses Due to Mental Illness: A Quantile Regression Approach
(John Wiley and Sons, 2003)
In this paper, we examine the effects of mental illness on earnings by recognizing that effects may vary across the distribution of earnings. Using data from the National Comorbidity Survey, we employ a quantile regression ...
Market Constraints as a Rationale for the Friedman-Savage Utility Function
(University of Chicago Press, 1981-08)
Do Firms Pay Efficiency Wages? Evidence with Data at the Firm Level
(National Opinion Research Center (NORC), Society of Labor Economists: University of Chicago Press, 1993-07)
This study tests the efficiency wage hypothesis by estimating wage and quit equations with data from the Employment Opportunity Pilot Project survey of firms. An efficiency wage model is derived that predicts effects of ...
The Effects of Parents' Psychiatric Disorders on Children's High School Dropout
Mental illness is known to impose substantial direct costs on the ill. In this paper, we examine an indirect cost of mental illness. We investigate the effect of parents’ mental illnesses on the schooling of their children. ...
Deriving the Wage-Wage and Price-Price Phillips Curves from a Model with Efficiency Wages and Imperfect Information
This study derives reduced-form equations for the wage–wage Phillips curve and the price–price Phillips curve from firms' optimizing behavior, under the assumptions that firms pay efficiency wages and that workers' ...