Unemployment and work sharing in an efficiency wage model

Jellal, Mohamed and Bouadbdallah, khaled and wolff, François charles (2004): Unemployment and work sharing in an efficiency wage model. Published in: Economics Bulletin No. Vol. 10, No. 3 pp. 1−7

Abstract

This paper accounts for work sharing and unemployment in an efficiency wage model.The Solow condition holds when working hours are exogenous. Under the assumption of endogeneity and using general forms for the effort and cost functions, we prove that work sharing may have a reducing impact on unemployment

• Item Type: MPRA Paper
• Language: English
• Keywords: Solow condition, efficiency wage, work sharing
• Subjects: J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Labor Contracts; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity

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