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Author:Francois, P.
Roberts, J.
Title:Relationships, commitment, and labor productivity growth
Journal:Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 612-620
Index terms:Employment contracts
Growth
Labour
Production
Productivity
Language:eng
Abstract:The interactions between growth and the contracting environment in production are analyzed in this paper. With incompleteness in contracting, a firm's capacity to commit to its workers will depend on institutional frictions such as hiring and firing costs. This interaction of contracting structure and relationship costs will in part determine firms' technology choices.
SCIMA record nr: 249803
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