| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w0603 |
| 来源ID | Working Paper 0603 |
| How Close to an Auction Is the Labor Market? Employee Risk Aversion, Income Uncertainty, and Optimal Labor Contracts | |
| James N. Brown | |
| 发表日期 | 1980-12-01 |
| 出版年 | 1980 |
| 语种 | 英语 |
| 摘要 | Section I of this paper develops a model of income insurance in the labor market. The model differs from those of previous analyses in its focus on quantitative implications regarding the degree to which wages diverge from marginal value products, both in time-series and in cross-section data. Sections II and III present empirical evidence consistent with these implications. The main empirical finding is that of short-term divergence, but long-term equality between wages and marginal value products. The labor market appears to differ from an auction market only in the short run, but this short-run divergence considerably reduces the potential variability of employees' realized wealth. |
| 主题 | Labor Economics |
| URL | https://www.nber.org/papers/w0603 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557801 |
| 推荐引用方式 GB/T 7714 | James N. Brown. How Close to an Auction Is the Labor Market? Employee Risk Aversion, Income Uncertainty, and Optimal Labor Contracts. 1980. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w0603.pdf（1314KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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