We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information … rent accumulation and sharing, (c) a post investment period and, (d) retirement. We establish that increases in both wage … rates and hours of work in the post-investment period serve to minimise sub-optimal separations and, moreover that both wage …

We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information … rent accumulation and sharing, (c) a post investment period and, (d) retirement. We establish that increases in both wage … rates and hours of work in the post-investment period serve to minimise sub-optimal separations and, moreover that both wage …

We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information … rent accumulation and sharing, (c) a post investment period, and (d) retirement. We establish that increases in both wage … wage and hours schedules are concave. The model is tested with the British Household Panel Survey (1991-1997) and with the …

combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less … impact. Empirical work is undertaken against the background of an efficient bargaining model that embraces employment, hours …

combined to influence real wage growth. By contrast, the external effects of unemployment and replacement rates had much less … impact. Empirical work is undertaken against the background of an efficient bargaining model that embraces employment, hours …