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allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … shirking and leisure are complementary with the marginal benefit of shirking increasing with an individual's net time endowment. …
Persistent link: https://www.econbiz.de/10010320094
allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10010320376
In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those...
Persistent link: https://www.econbiz.de/10010262618
Since the 1950s, there has been a steady decentralization of entry-level jobs towards the suburbs of American cities, while racial minorities ?and particularly blacks? have remained in city centers. In this context, the spatial mismatch hypothesis argues that because the residential locations of...
Persistent link: https://www.econbiz.de/10010262106
Using an efficiency-wage model, we examine the relationship between indeterminacy and unemployment insurance. It is shown that the less unemployment insurance is, the more likely equilibrium is to be indeterminate. Equilibrium can be indeterminate even without externalities or increasing...
Persistent link: https://www.econbiz.de/10010318962
Standard economic wisdom generally stresses the benefits of increased competition on the product market. This paper proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment, where wages are determined according to an efficiency...
Persistent link: https://www.econbiz.de/10010262481
This paper draws on evidence from an internal attitude survey in the freight-handling terminals of a unionized trucking firm to investigate the effect of local labor market conditions on employee wage-fairness perceptions. The key element of our research design is that local managers have no...
Persistent link: https://www.econbiz.de/10010276948
This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively...
Persistent link: https://www.econbiz.de/10010304143
updated version of paper no 55
Persistent link: https://www.econbiz.de/10010334048
We present a field experiment to assess the effect of own and peer wage variations on actual work effort of employees with hourly wages. Work effort neither reacts to an increase of the own wage, nor to a positive or negative peer comparison. This result seems at odds with numerous laboratory...
Persistent link: https://www.econbiz.de/10010334141