Technical Progress, Wages and Employment in a Contractual Economia with Incomplete Information
Autor(a) principal: | |
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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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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 |
dc.format.none.fl_str_mv |
application/pdf |
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 instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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