Testing Dynamic Models of Worker Effort
نویسندگان
چکیده
This article derives three dynamic models of worker effort determination, based on a shirking efficiency wage model, a compensating differentials model, and a union-firm bargaining model. It shows that all of these three models have the same long-run comparative statics but differ in their short-run dynamics. We use these different predictions about the dynamics as a basis for testing the models. Euler equations for each model are estimated using panel data on 486 U.K. companies. The evidence supports the shirking model in firms with low levels of unionization but the bargaining model in highly unionized industries.
منابع مشابه
Performance Evaluation of Dynamic Modulus Predictive Models for Asphalt Mixtures
Dynamic modulus characterizes the viscoelastic behavior of asphalt materials and is the most important input parameter for design and rehabilitation of flexible pavements using Mechanistic–Empirical Pavement Design Guide (MEPDG). Laboratory determination of dynamic modulus is very expensive and time consuming. To overcome this challenge, several predictive models were developed to determine dyn...
متن کاملMinimum Wages and Excessive Effort Supply
It is well-known that, in static models, minimum wages generate positive worker rents and, consequently, inefficiently low effort. We show that this result does not necessarily extend to a dynamic context. The reason is that, in repeated employment relationships, firms may exploit workers’ future rents to induce excessively high effort.
متن کاملDynamic Loading and Effort Perception during One - Handed Loaded Reaches
Currently, analysis of occupational shoulder loading and potential discomfort is based upon models that use static worker postures as their input. These models provide useful information about working postures, however, they do not address the overall effect of performing a task. Cumulative joint and tissue loading are dependent upon the motions and postures associated with all aspects of perfo...
متن کاملCost Analysis of Acceptance Sampling Models Using Dynamic Programming and Bayesian Inference Considering Inspection Errors
Acceptance Sampling models have been widely applied in companies for the inspection and testing the raw material as well as the final products. A number of lots of the items are produced in a day in the industries so it may be impossible to inspect/test each item in a lot. The acceptance sampling models only provide the guarantee for the producer and consumer that the items in the lots are acco...
متن کاملModel identification and dynamic analysis of ship propulsion shaft lines
Dynamic response analysis of mechanical structures is usually performed by adopting numerical/analytical models. Finite element (FE) modeling as a numerical approach plays an important role in dynamic response analysis of complex structures. The calculated dynamic responses from FE analysis are only reliable if accurate FE models are used. There are many elements in real mechanical structures w...
متن کامل