Celebrating humanity's flourishing through the spread of capitalism and the rule of law
28 Mar 2020 Leave a comment
in industrial organisation, job search and matching, labour economics, labour supply
From https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.33.3.185
Employees are more likely to accept cuts in hours than cuts in wages per hour because a reduction in hours reduces output and profits for the employer too and therefore is less likely to be opportunistic.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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