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    A non-perpetual shirking model

    Chen, Y.-F. and Zoega, Gylfi (2015) A non-perpetual shirking model. Economics Letters 134 , pp. 98-101. ISSN 0165-1765.

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    We provide a finite-horizon counterpart to the Shapiro and Stiglitz model of unemployment to show how workers’ effort falls as they approach the end of an employment spell. The model provides a reason for wages rising more rapidly than productivity.


    Item Type: Article
    Keyword(s) / Subject(s): Wages, Shirking, Finite horizons, Retirement
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Gylfi Zoega
    Date Deposited: 25 May 2016 14:42
    Last Modified: 02 Aug 2023 17:24


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