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We present identification and estimation results for the "collective" model of labour supply in which there are discrete choices, censoring of hours, and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005242825
We present identification and estimation results for the “collective” model of labour supply in which there are discrete choices, censoring of hours, and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions...
Persistent link: https://www.econbiz.de/10010637954
The authors consider a principal-agent contracting problem under incomplete information where some of the agent's actions are imperfectly observable. Contracts take the form of reward schedules based on the noisy observation of the agent's action. They first review situations where the principal...
Persistent link: https://www.econbiz.de/10005312715
Persistent link: https://www.econbiz.de/10005251077
Persistent link: https://www.econbiz.de/10005672771