Economics

Self-Enforcing Wage Contracts Redux

Jonathan Thomas, Tim Worrall

Self-Enforcing Wage Contracts Redux

Section: Articles
Journal of Institutional and Theoretical Economics (JITE)

Volume 179 (2023) / Issue 3-4, pp. 441-469 (29)
Published 30.11.2023

29,00 € including VAT

article PDF

DOI: 10.1628/jite-2023-0039

This paper provides our reflections on self-enforcing wage contracts.We present a simple version of the model of Thomas and Worrall (1988) and explain its motivation, contribution, and methodology. We discuss some of its limitations, the development of literature, and its connection to the literature on relational contracting with an observable effort cost. We suggest some open questions for the future development of the literature.

Authors/Editors

Jonathan Thomas No current data available.

Tim Worrall No current data available.

Keywords

limited commitment , limitedcommitment , relational contracts , relationalcontracts , risk sharing , risksharing

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