Industrial fatigue Redux

Diego Nocetti

doi:10.1016/j.econlet.2007.07.005

Industrial fatigue Redux

Diego Nocetti

Clarkson University

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This paper presents a gift-exchange labor market model in which workers are prone to exhaustion. Although norms of reciprocity and fairness indicate that firms and workers must exchange 'gifts' in the form of higher wages and higher effort respectively, these incentives are mitigated by the evolution of fatigue and, therefore, the dynamic efficiency wage is lower than its static counterpart.

Original language	English
Pages (from-to)	286-289
Number of pages	4
Journal	Economics Letters
Volume	99
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2007.07.005
State	Published - May 2008
Externally published	Yes

Keywords

Efficiency wages
Fatigue

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10.1016/j.econlet.2007.07.005

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abstract = "This paper presents a gift-exchange labor market model in which workers are prone to exhaustion. Although norms of reciprocity and fairness indicate that firms and workers must exchange 'gifts' in the form of higher wages and higher effort respectively, these incentives are mitigated by the evolution of fatigue and, therefore, the dynamic efficiency wage is lower than its static counterpart.",

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AB - This paper presents a gift-exchange labor market model in which workers are prone to exhaustion. Although norms of reciprocity and fairness indicate that firms and workers must exchange 'gifts' in the form of higher wages and higher effort respectively, these incentives are mitigated by the evolution of fatigue and, therefore, the dynamic efficiency wage is lower than its static counterpart.

KW - Efficiency wages

KW - Fatigue

UR - https://www.scopus.com/pages/publications/42649143305

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DO - 10.1016/j.econlet.2007.07.005

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Industrial fatigue Redux

Abstract

Keywords

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