Testing Dynamic Models of Worker Effort
نویسندگان
چکیده
منابع مشابه
Testing Dynamic Models of Worker Effort
This article derives three dynamic models of worker effort determination, based on a shirking efficiency wage model, a compensating differentials model, and a union-firm bargaining model. It shows that all of these three models have the same long-run comparative statics but differ in their short-run dynamics. We use these different predictions about the dynamics as a basis for testing the model...
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A very general test statistic for contrasting two nested or nonnested dynamic nonlinear econometric models is presented. It is based on the idea of testing the specification of the first model by using the second model to generate moment conditions for the efficient method of moments (EMM) estimation procedure. The testing procedure also provides guidance as to what aspects of the model should ...
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ژورنال
عنوان ژورنال: Journal of Labor Economics
سال: 1992
ISSN: 0734-306X,1537-5307
DOI: 10.1086/298288