Lin, Chung-Cheng; Yang, C.C. - In: Journal of Macroeconomics 32 (2010) 4, pp. 1155-1168
The employment relationship is to a large extent characterized by incomplete contracts, in which workers have a considerable degree of discretion over the choice of their work effort. This discretion at work kicks in the potential importance of "gift exchange" or reciprocity between workers and...