Accounting for Worker Well-Being, Volume 23 by S. W. Polachek, Solomon Polachek

By S. W. Polachek, Solomon Polachek

The sequence examine in exertions Economics started in 1977 by way of Ronald Ehrenberg and JAI Press. Solomon Polachek has been editor considering 1995. when you consider that 2006, the sequence has benefited from affiliating with the Institute for the learn of work (IZA) and was once prolonged to 2 volumes consistent with yr. the 1st quantity continues to be within the culture of the sequence with empirical and theoretical papers in exertions economics. the second one quantity, that is edited by means of the Institute of the research of work (IZA) is extra policy-oriented, within the spirit of IZA's concentrate on coverage facets of work economics.

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JOHN GAREN Independent Contractors and Self-Employment 49 differ from all workers as one would expect from industries over-represented with independent contractors and self-employed, respectively, the independent contractors in construction and other self-employed in retail clearly do. The high concentration of self-employed in the retail industry is, broadly speaking, consistent with the baseline model. For retail, while it may be difficult for consumers to measure the quality of the seller’s output, it is prohibitively costly for consumers to monitor seller effort.

Parties recognize that, because hj raises the productivity of r (if r is controlled), it raises the ex-post level of r selected. Under the incentive pay regime, the first-order conditions for investment if the worker controls the work routine are ∂E(␲) ∂r ∂␤0 ∂s Worker : = + (K s − ␤1 ) + K r − C w r ∂h w ∂r ∂r ∂h w + Firm : ∂␤0 ∂C w − ∂h w ∂h w − Hw h =0 ∂E(␲) ∂␤ f = 0 − Hh = 0 ∂h f ∂h f The first term in brackets for the worker is the marginal benefit of increasing r, which is multiplied by ∂r/∂hw .

Ashenfelter & D. Card (Eds), Handbook of Labor Economics (Vol. 3B). Amsterdam: Elsevier. Myerson, R. (1983). Mechanism design by an informed principal. Econometrica, 51, 1767–1797. , & Crystal, G. (1988). CEO compensation as tournament and social comparison: A tale of two theories. Administrative Science Quarterly, 33, 257–274. Oyer, P. (2001). Why do firms use incentives that have no incentive effects? Research Paper No. 1686. Research Paper Series: Graduate School of Business, Stanford University.

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