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Monetary Commitment and Structural Reforms: A Dynamic Panel Analysis for Transition Economies
exchange rate regime structural reform panel data political economy of reform transition countries
2012/10/23
This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether ...
Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
wage dispersion wage setting rank-preserving equilibrium
2012/10/24
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, fi...
Workplace Performance, Worker Commitment and Loyalty
commitment financial performance labor productivity loyalty
2012/11/1
Using matched employer-employee level data drawn from the 2004 UK Workplace and Employee Relations Survey, we explore the determinants of a measure of worker commitment and loyalty (CLI) and whether C...
An analysis of literature and popular indicators of the work ethic show no evidence of either increasing or decreasing commitment; many workers continue to work more than the standard 40-hour week.