Job security in an efficiency wage model
A study was conducted to examine the relationship between job security and efficient wages. Variations in employment and unemployment are conditioned by work regulations which condition the probability of being fired from the job due to shirking. A model which assumes that employees either shirk or not shirk and are paid efficiency wages is developed. Results show that work rules change such that employees are not easily fired for shirking, involuntary unemployment is raised while employment is reduced.
Publication Name: Journal of Macroeconomics
The UIC Wastepaper Industry and Its Long Term Prospects
The United Kingdom wastepaper industry is examined to determine its prospects through the year 2000. The United Kingdom paper industry is a significant consumer of wastepaper with more than fifty percent of the input coming from waste products. The decline of the United Kingdom paper industry may be partially offset by technological advances.
Publication Name: Journal of Industrial Economics
Efficiency Differentials Favouring Resource-Based Industries
Less developed countries are advised to be aware of the efficiency of resource-based industries. Capital-intensive investments may not be possible even if efficient. Comparison must be made between export and manufacturing.
Publication Name: The Journal of Development Economics
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