A note on overemployment/underemployment in labor contracts under asymmetric information

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19 Scopus citations

Abstract

Models of labor contracts under asymmetric information may predict either overemployment or underemployment. This paper shows that this result depends crucially on whether or not leisure is a normal good if firms are risk neutral.

Original languageEnglish (US)
Pages (from-to)81-87
Number of pages7
JournalEconomics Letters
Volume12
Issue number1
DOIs
StatePublished - Jan 1 1983

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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