Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information

Detalhes bibliográficos
Autor(a) principal: Barosa, José Pedro
Data de Publicação: 1986
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/83862
Resumo: This paper addresses the stylized fact that individual firms, when undertaking major processes of technical innovation, appear to reduce employment and, simultaneously, to offer wage increases to the remaining workers independently of how slack is the labour market. Because this sits uncomfortably with the standard labour market stories we develop here an approach based on the theories of idiosyncratic exchange, namely the optimal contracts and the bargaining theories. The obtained results are suggestive that bargaining theories do not offer an explanation for that stylized fact but the contractual model, with incomplete information, under a set of unconventional but realistic assumptions does explain that stylized fact.
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spelling Technical Progress, Wages and Employment in a Contractual Economia with Incomplete InformationThis paper addresses the stylized fact that individual firms, when undertaking major processes of technical innovation, appear to reduce employment and, simultaneously, to offer wage increases to the remaining workers independently of how slack is the labour market. Because this sits uncomfortably with the standard labour market stories we develop here an approach based on the theories of idiosyncratic exchange, namely the optimal contracts and the bargaining theories. The obtained results are suggestive that bargaining theories do not offer an explanation for that stylized fact but the contractual model, with incomplete information, under a set of unconventional but realistic assumptions does explain that stylized fact.Nova SBERUNBarosa, José Pedro2019-10-10T14:11:20Z1986-081986-08-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/83862engBarosa, José Pedro, Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information (August, 1986). FEUNL Working Paper Series No. 62info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:30Zoai:run.unl.pt:10362/83862Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:24.441330Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
title Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
spellingShingle Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
Barosa, José Pedro
title_short Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
title_full Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
title_fullStr Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
title_full_unstemmed Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
title_sort Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
author Barosa, José Pedro
author_facet Barosa, José Pedro
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Barosa, José Pedro
description This paper addresses the stylized fact that individual firms, when undertaking major processes of technical innovation, appear to reduce employment and, simultaneously, to offer wage increases to the remaining workers independently of how slack is the labour market. Because this sits uncomfortably with the standard labour market stories we develop here an approach based on the theories of idiosyncratic exchange, namely the optimal contracts and the bargaining theories. The obtained results are suggestive that bargaining theories do not offer an explanation for that stylized fact but the contractual model, with incomplete information, under a set of unconventional but realistic assumptions does explain that stylized fact.
publishDate 1986
dc.date.none.fl_str_mv 1986-08
1986-08-01T00:00:00Z
2019-10-10T14:11:20Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/83862
url http://hdl.handle.net/10362/83862
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Barosa, José Pedro, Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information (August, 1986). FEUNL Working Paper Series No. 62
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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