English, Article, Journal or magazine article edition: Efficient Contracts with Costly Adjustment: Short-RUn Employment Determination for Airline Mechanics David Card

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Bookmark: http://trove.nla.gov.au/version/140423
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Efficient Contracts with Costly Adjustment: Short-RUn Employment Determination for Airline Mechanics
Author
  • David Card
Physical Description
  • preprint
Notes
  • This paper presents an empirical analysis of firm-specific employment and wage outcomes for mechanics in the domestic airline industry. A dynamic contracting model is presented that incorporates both costly employment adjustment and potential gaps between contract wage rates and the opportunity value of workers' time. The model gives a useful description of the employment-output linkage in the data, but is less successful in capturing the dynamic relation between employment, contract wage rates, and wage rates outside the airline industry.
  • RePEc:nbr:nberwo:1931
Language
  • English
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